I’m using the envelope system for budgeting and have a few categories left to consider. Should I categorize these into the envelope system or just handle them with online payments? Here are the categories: Phone Bill, Internet, Drinking Water, Memorial Plan, Netflix, Medical Loans, Electricity, Water Supply, Transportation, Groceries, Online Spending. Any advice from budgeting experts would be appreciated! Thanks!
You could group smaller bills together and keep enough in your account to cover them. For example, if they total around $500, just maintain that amount available for those bills and replenish as you pay them.
If cash isn’t practical for you, consider creating different bank accounts for each category. I have separate accounts for groceries, bills, personal spending, etc. Using a tool like YNAB can also help you manage your budget online while keeping the envelope concept.