When I watch news stories with money experts helping people with their budgets or debt, it seems the people usually have all their bills in a grocery sack or 2 that is full. I just cringe and can't imagine how they ever keep up with so many accounts.
When I was working on my homekeeping notebook and looking at sites with printables and forms to keep up with your money, I realized our spending is more simple than most.
So, how we do things might help somebody, so I will share.
We use cash for most local spending but we don't like having to go inside the gas station twice when buying gas with cash. We tried using our credit card for gas but it seemed when looking at our credit card statement, those gas purchases were just so much.
My husband likes to buy gas at Walmart, it is convenient to us and they give a discount at the pump when you purchase with a Walmart credit card (no thank you) or with a Walmart gift card.
Gas prices change often but we tried to budget an amount to spend on a Walmart gift card to use just for gas. At first we were buying a $250 card every month but that was too much as after doing this for just about 4 months, we still had a full card in December and did not buy one that month. The January one was $200 and so far, we think it will be just about right.
If there was an emergency and we needed more gas than we had prepaid for, that would be OK, as we have a credit card and emergency funds too.
My husband pumps the gas and he keeps up with the card and balance. Some families who choose to do it this way might need their own card. It might be a great way to budget your teen's gas.
Financial people would say we should not tie up our money like this with no interest but for us, it works and keeps our gas expense at an amount that fits our budget.
