from matadornetwork.com(which is also credited for the picture below), found, i, the 48 epic dream hotel to visit before you die which, i would say, is worth reading (and watching the pictures). what hit me though is the dedon island resort: a resort in my own country which i didn't even know existed. so, without further ado -
to dig deep into envelope budgeting, i must simplify the term first. hence, i need to make sure i understand the word budgeting... budget. A budget (from old French bougette , purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending - wikipedia so, basing from the definition, it can be simplified as... (income - expense = 0) where income is defined(in my own words) as any monetary device labeled with currency which was received and/or is available to be consumed by the calculated expenses. while expense is a calculation of how the income will be used. some might ask where saving lies in the formula. since, i believe that it is one of the elements of expenses, let me extend the formula to: [income - (saving +other expenses) = 0] i still have doubts on this calculations, though. so, any comments and suggestions are encouraged for a healthy discussion.