The envelope method, a classic but effective strategy, offers a practical way to save up to 1,000 euros per year, especially useful during the holiday season, when spending typically increases.
The key lies in Organize your income by dividing it into different envelopes designated for specific spending categories. This approach requires establishing clear boundaries, avoiding waste and promoting healthier financial habits.
The first envelope goes to monthly fixed expenses, such as mortgage or rent, utilities, food and fuel. These expenses They must not exceed 50% of total income. Additional envelopes are then allocated to pay accumulated debts and other expenses, such as financed purchases.
The third envelope is reserved for Leisure and entertainment, It is crucial to adjust this amount to available income. And the last one is designated for economywith a realistic amount recorded upon receipt of salary.
Although the envelope trick may seem like an analog technique in the digital age, It can be adapted using banking applications that allow you to create virtual piggy banks. It is essential to keep detailed records of expenses, especially in the leisure and entertainment categories.
Additionally, if you spend less than expected in a month, it is suggested to save the remaining amount for more difficult situations in the future. This approach, supported by more than a century of existence, remains a valuable tool for maintaining financial control and achieve savings targets.