Once you have a budget there are a few ways to customize the cash envelope system to meet your needs. You need to make a zero based budget first then use the cash envelope system as a tool to follow through with the amounts you’ve budgeted. I repeat: A cash envelope system is not a budget!
How To Start Cash Envelope System & Customize It For Your Needsīefore you start cash envelopes, you need a budget. While I was compensated for writing it, all opinions are 1000% my own and I retain all rights to updates in the future. So if you’re like me, I want to share with you a few ways you can make the cash envelope system work for you if the traditional method is a little too restrictive. But I secretly always wished it would work because sometimes I can’t be trusted with self-restraint.īudgeting is a great start but you need tangible limits to follow through with it when you’re in the real world. I’m all about efficiency so the idea of heading to the ATM every week or month and going inside the gas station to pay for my gas didn’t appeal to me. I was one of those people who couldn’t make it work. While some people are obsessed with it, others just can’t make it work.
Those little envelopes keep you from overspending because when the money’s gone you’re cut off. It’s the act of putting cash in envelopes and only spending what’s in those envelopes. If you’re trying to pay off debt and control your spending you’ve probably heard of the cash envelope system. Please read my disclosure for more information.