Here are some examples to get you thinking: Within this step, you can create a budget and even sort things out into a spreadsheet for free, like in Google Sheets. When creating your own cash envelope system, think of 4-12 categories of spending that you can expect to divide your money between. The idea behind the cash envelope system is to budget your money into categories and keep yourself from spending frivolously. This idea originally came from Dave Ramsey and has helped millions of people save money and divide up their available funds to go to the correct place. Spending with our debit cards is so common and so easy, it’s becoming harder for people to save money.Įnter the cash envelope wallet system! The Idea Behind the Cash Stuffing Envelopes In fact, the last time I tried to hand a $20 to the lady at the register at Target (and we’re talking this had to have been months ago with the current economical and health climate we’re living in right now), I got a strange look from her as she slowly proceeded to take my money. It was a genius move that retailers made to further shoppers’ spending habits. Let’s be real, the idea behind linking your cards to apps and programs is to make purchasing that much easier. Oftentimes, our debit cards are linked through PayPal, Amazon, Walmart, Kroger, Target making it too easy to spend on things you may not need.
Whether you use a physical cash envelope wallet or a digital one like the Goodbudget app, the key is to assign each category of spending its own envelope (or “virtual” envelope in the app). Save money and learn to budget better by using cash stuffing envelopes that help you keep track of spending with this easy DIY.Īs someone who has struggled with budgeting in the past, I know just how frustrating it can be to stay on track and save money.īut by using a cash envelope system for your finances, you can easily keep track of what you have left to spend at any given time. Budgeting can be hard when it’s as easy as a few clicks to buy anything you want.
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