Friday, May 30, 2014

Using Cash Envelopes

Hi everyone!  It's the weekend!  And it's so nice and warm outside, I am just loving it.  After the horrible winter we had, I have made a vow not to complain about the heat this summer.  I'm going to enjoy it while I can and will resume normal weather complaints around December.

Today I wanted to share a little system I use to budget: cash envelopes!  Anyone who has read anything by Dave Ramsey knows about cash envelopes, but just in case you haven't, here's how they work:

You have an envelope for each of your household expenses: groceries, gas, prescriptions, chocolate... you know, the normal stuff.  You fill the envelopes with the cash you've budgeted for those expenses and when the cash is gone, it's gone.  It makes it nearly impossible to veer off budget, which is a huge relief.

And if you're using cash envelopes, you might find this handy:


Now sure, you could just take a regular ol' envelope and write on it... but this is more fun and I've already done the work for you!

I made a little something in Microsoft Word...


And then I printed it out onto full-page labels.  I cut them out and stuck them to some legal-sized envelopes!


Now, I have spaces to write what the envelope is for, how much is budgeted for that envelope, and lines to write where I've spent the money.



Dolla bills, ya'll.

If you would like to have some for your very own, here's the link!  Have an awesome-sauce weekend!

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6 comments:

  1. Thanks for sharing this. I actually tried this once...to be honest it was a little hard for me to remember to bring the cash with me. I am going to have to give it a whirl again. It really helps you stick to a budget.

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    Replies
    1. I actually went for a while without using them and can't tell you how much I went off budget. These are a life-saver for me!

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  2. I love these! I use the envelope system but I think I will try writing it down like this to help me see where exactly my cash is going :)

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  3. My parents did this all their life and taught me. They never used checks and the cash was set in envelopes for bills and everything else. Funny how old ways still work.

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  4. I am going to help my daughter set this up. This will be a sad way to get those done. And that she has her own after her internship she is financially independent

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I love all the comments I get from you! Because of an insane amount of spam, I had to turn off anonymous commenting but I'd love it if you'd comment anyway!

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