Lesson: How to Foolproof Your Budget/ExerciseL1

Listening Exercise

It's payday! Put that

in the bank and get

to PARTY! Now you can

pay some overdue

, buy that

you've been eyeing, and

the refrigerator. That is, until the end of the

when the next payday is still days

. More bills are piling up, the refrigerator is

, checks are bouncing, and you don't have money in the bank to put

in the car. Living

to paycheck is tough. But there is a

that will make sure you always have the cash you

. It's called the envelope system. Instead of

that check into your bank

, cash that check and

it home. Make envelopes for every

item you have, like gas, food, rent and so on. Then put the

amount of cash in

envelope. When you wanna buy something, only use cash from the

envelope. This makes it so you won't overspend in any one

, and you'll always have money for things you need.