MONTHLY RESET | JULY 2026 BUDGET | Budget With Me | How to Budget for Beginners | MONETS MONEY, by Monet’s Money on YouTube. 31 min 33 s.
- Video length
- 31 min 33 s
- Time to do it
- 45 minutes
- Difficulty
- Easy
- Steps
- 7
What you need
Steps
Collect your take-home pay for the month and list every fixed bill with its due date, such as rent, utilities, phone and insurance.
Open last month's budget and compare what you planned to spend in each category with what you actually spent. Write down the differences.
Deal with anything left over. Move spare money back to your main account or keep it in the envelope for that same category next month.
Update your savings tracker with what you added or withdrew, so the running total matches your savings account balance.
Subtract fixed bills and savings from your income to see what is left for variable costs like food, fuel and fun.
Split the remaining amount across your envelopes, write the category and amount on each one, then fill it with cash.
Write the date and starting balance at the top of the new month's budget page and note any extra income or one-off costs you expect.
Tips and common mistakes
Keep the same category names every month so you can compare months easily.
Round each envelope amount up a little so a small overspend does not derail the week.
Set aside a small amount each month for yearly bills like car registration or insurance.
Only carry the cash you need for the day and keep the rest of the envelopes somewhere safe at home.
Questions
What is the cash envelope system?
You divide your spending money into labelled envelopes for each category, such as food or fuel. When an envelope is empty, you stop spending in that category until the next month.
How do I handle bills that are paid online?
Keep those as fixed lines in your budget and leave the money in your bank account. Cash envelopes work best for day to day spending you can control.
What if my income changes every month?
Budget from the lowest amount you expect to earn and add anything extra when it arrives. Update the envelope amounts as your income becomes clearer.
This guide was drafted from the video's details and general task knowledge. It has not been checked against the full video. Check the video and relevant product instructions before following a procedure. Report a correction.
