Ever run into situation where in the month end you run out of budget and have to dig into your saving? Want to know how to manage your monthly expenses better? ‘Money in the envelopes’ could be your most needed solution. My wife and I are practicing this method and we found out that it is very effective in helping us to manage our monthly expenses. As long as we don’t spend more than the cash inside the envelopes, we will be doing fine.

Read how my wife and I had successfully reduced clothing expenses. By reducing the dress’s cost per piece, we are able to buy more dresses (for her) and/or reallocate the extra to other needs or saving. But most importantly, by making this cost saving a family project, we bond our relationship. This ‘Project Runaway’, we called it, is also good for creative minds.

A couple who used to work for others to earn a living, earned middle-income salaries, had changed job only once or twice, and not millionaires but they are able to retire early at their 30s and now living financial independently. How’s that possible? But most importantly, how can we be like them?