In the early 1990s, Dave Ramsey was the one to watch or listen to for advice on budgeting and debt relief. His solution sounded simple: Construct a budget, breaking down how much money is required for rent, utilities, credit card bills, groceries, entertainment, etc. When cash comes in, it is placed in labeled envelopes based on the previous budgeting. That way, different “account” amounts can easily be monitored, and spending can be adjusted to not exceed the funds allotted in the budget. Of course, Ramsey has done a lot more than that and is still a public figure. But how many people born between 1997 and 2012 (“Gen Z”) have even heard of him?
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