Cash Envelopes: Your Best Solution to Spending Less

Here is a guide for using cash envelopes to help you manage your budget and stop overspending today.

What are Cash Envelopes?

The cash envelope is a budgeting system that only uses cash to pay for specific cost categories. Each cash envelope holds the money you allocate to that category for the month.

Tracking your spending is the best way to figure out where your money is going. 

Decide on Your Cash Envelope Categories

Pull Money Out of the Bank

Divide the total amount of money you will need by your number of paychecks for the month to determine the cash to withdraw.

Using cash envelopes will help you stick to your spending plan. Once your envelope is empty, you stop spending in that category.

Spend Your Money Carefully

Assign Leftover Money a Job

There may be times when you have money left over in your cash envelopes at the end of the month. If this happens to you, first pat yourself on the back.

Keeping a close eye on your spending habits by creating a budget that works for your household and using a cash-only system for certain expenses can help keep your spending in check. 

Final Thoughts on Cash Envelopes

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Money Saved Is Money Earned!