Every Thursday I make a trip to the bank and withdraw $150 in cash to be spent on my weekly grocery, dining out, entertainment purchases etc. I then divide my cash up into categories (they also call this ‘The Envelope System”) and place it in this super cute envelope wallet that I ordered from Timeless Journey. (If you don’t see it in her store, email her and ask her if she could make you one.)
The first category is groceries/paper goods/etc. I put $100 in this category. $100 is for 6 people (I buy groceries for my house and my mother in laws). My goal is to keep it under $100. Any amount left out of the grocery budget at the end of the week goes into the Disney fund!
Next is my dining out category. I put $20 in this category. I try really hard to not spend more than $20. If I do, I have to take it out of the other categories. If any money is left after the week is up, it goes into the Disney fund!
Next is my shopping category. This is the money I use to do the deals at CVS, Walgreens and Rite Aid. I have $10 in this category, but I try to keep it under that. Now before you start saying “Well that is a lot! You must not be good at what you do”, I want to tell you this…. Alabama charges 8-10% tax on the pre-coupon total. So if I have a $50 order and I get it down to a $0 subtotal with coupons, I am still going to pay $3.50 – $5 in tax! If any money is left out of this category, it goes into the Disney fund!
The last category is MISC. I put $20 in here and it’s there if we need it. If it doesn’t get spent, it goes into the Disney fund!
Also I break every dollar that I can and the spare change is saved for the Disney fund! This adds up to $8 – $10 a week!
Not included in this budget
No gas is included in my $150 budget. It is separate. I budget $100 every 2 weeks for gas. Most of the time we stay way under that though. The money left out of that category just sits in the bank account.
Expenses for items like clothes, oil changes, etc comes out of the bank account. It does not come out of the $150 a week budget.
Go here to return to the Getting Started “Couponing to Disney” page.