So you’ve been working to make a budget using tools like Excel or Mint.com and have been diligently putting in all of your income and expenses. Yet every month, it’s the same result: you continue to overspend.
While your efforts to create and maintain a budget are commendable, there is probably nothing that is actually holding you accountable to that budget. There is no reward if you succeed, nor repercussions if you don’t.
So how can you make your budget actually work for you, and how can you hold yourself accountable to it? Try the envelope budgeting system.