07/09/2008 (By Larissa Walkiw)

New video: Shoebox Budgeting

This week's video is a tutorial that explains how you can set up a realistic budget using a shoebox.

This method is simple and dependable, so it's perfect for those of you new to budgeting (or those of you who are having trouble sticking to your current budgeting method!).

The guidelines for this budgeting system were originally written by Trent from TheSimpleDollar.com You can check out his blog post (and see all the steps in written form!) here.

Do you keep a budget? What system works for you? Share your budgeting tips in a comment below!

Larissa

Comments

1) BenJoe - 07/09/2008

http://www.gwcu.org

You should have a shoe box decorating contest for everyone who does it. I am wrapping mine in aluminum foil.

Great Video as always!

2) Larissa - 07/09/2008

http://www.youngfreealberta.com

Wicked idea! You should also give it a face, and then it could be a Robo-Budget!

3) Danielle - 07/10/2008

http://www.stressfreewallet.com

Very nice! I did a similar process way back when I started developing my Spending Plan. Then I used my credit union to automate the maintenance of my spending plan. It's worked great since I was 19! See this link below for how I do the next steps.

4) Aaron - 07/10/2008

I love how you threw in the plug about a bank fees category!! Priceless!!

5) Kelsey - 07/22/2008

http://moneymix.cuna.org/000001/blog/?p=258

Great video and great idea! I am going to try and follow this plan for a couple weeks to see where my money is going. Also- good site, a lot of fun to explore!

6) Larissa - 07/22/2008

http://www.youngfreealberta.com

@Kelsey Let me know how you shoe box budget goes! You can always send me an e-mail at youngfreealberta(at)gmail(dot)com.

And I'm glad you're enjoying the site!