Do Rich People Need The Envelope System?

Craig asks if you ever reach a point during the Baby Steps where you stop using cash and the envelopes. Dave says he hasn’t.

QUESTION: Craig on Twitter asks if you ever reach a point during the Baby Steps where you stop using cash and the envelopes. Dave says he hasn’t.

ANSWER: Well, I’ve become worth several million dollars, and we haven’t. We still do the envelopes. If you talk to my wife Sharon and know her well enough to get her to open her purse, you would find a deluxe envelope system from the Dave Ramsey bookstore. She carries one of those envelope systems in her purse, uses it every day. We still do a written budget every month. Why? Because we’re responsible spiritually for handling that money well. Those of us who are Christians call that stewardship—to be a good steward or manager of God’s money. It’s not a freaky thing. It’s just a matter of common sense. I just want my money to behave. I want it to do what it’s supposed to do.