Hell we adopt the same system!
Eh eh yes I don't have the envelopes, for the annual expenses that I foresee I have a small box and there I put the money that should go out for the annual bills, for example we have water and waste ... I can estimate the costs from previous bills; obviously in that box I also put the money for the annual car coupon, to pay the road tax and the insurance.
Everything is divided into bunches and everyone has attached a post-it with the destination of that money.
For the rest during the year I use this strategy every month, at the beginning of the month I take the money from my salary (when I work on a salary or in any case my monthly income) and divide it:
50% for needs
20% for investments
20% for savings
10% for fun and entertainment
Often the portion destined for leisure then advances the destiny for investments... even investing amuses me anyway eh eh!
I was lately thinking about starting to buy silver coins like, I confess that I had never thought about gold... but now you've put the flea in my ear.
I'll probably start putting money in envelopes in my little box... certainly more comfortable than post-its😉
It's a great system and whether it's envelopes or rubber bands with post-its the result is the same - control and responsibility.
I like your percentage thing, which turns the money into an item. I guess a more overarching method than the envelopes. I like the specific nature of the envelopes though, it turns the money into a thing if only a word on the front if the envelope. That way, I can open the safe, flick through the envelopes and see: Tyres, Landcruiser service, Europe, Sig Sauer (a gun), gold or silver, and so on. It becomes that thing, in my mind. The same as post-its I guess. That visual aspect helps the process along.
Dividing up the expense to fortnightly or monthly (whatever the pay cycle is) is important though.
Just on the stacking. It's a way to hold cash and I've been doing it for a while. I started with silver and a small bit of gold and have a savings plan, a strategy, to have the money for it so I buy regularly. It's nice to have it in the safe, I feel like a pirate, and the ability to take it and cash out is comforting. One day I'll use it I guess, or it'll all go to my niece and nephew, but for now...it's nice to know it's there and a hobby that will increase in value.
Well I would say that these are excellent hobbies eh eh!
I think I'll start it soon too, then I really like this pirate thing... I've always felt like it!🤟