How to Budget When You Have No Idea What You Spent Last Month

Budgeting for Beginners with Fexingo: Cash Envelopes, Apps, and Simple Money Tracking · Jun 25, 2026 · 8m · transcript

Episode 73 of Budgeting for Beginners. Lucas and Luna tackle the single biggest obstacle for new budgeters: not having a clue where last month's money actually went. They walk through a practical 'reverse budget' method — starting with bank and credit card statements, categorizing without shame, and using that data to build one forward-looking envelope category at a time. Specific tips include the 'three-statement drill' for accuracy, how to handle cash purchases when receipts are gone, and why a 70% accuracy target is good enough to start. Luna shares her own…