It seems right now that there is so much talk about stimulus checks and the economy and the national debt that you literally cannot walk away from a conversation about your budget. We all know debt can be crippling, but the way debt impacts us personally is more…well, personal. I don’t know about you, but I can’t hear the politicians arguing about the national budget without completely changing gears and taking a deep dive into my own. If you’re in the same boat, you will be as interested as I am in cash envelope budgeting. You’ll want to take advantage of the convenient printouts I’ve created. They make the cash envelope budgeting system easy to follow and do.
What is Cash Envelope Budgeting?
Cash envelope budgeting is a tangible way to handle your monthly budget. You figure out how much money you have to spend in the month and you give yourself the cash to do it. That cash goes in an envelope and you use it to pay your bills. Funding your accounts with actual cash that you have set aside in envelopes is the best way to stay mindful of your spending and how much money you have. It’s impossible to overspend because you can’t spend the money that you physically don’t have.
Determining Your Budget
The one thing that gets in the way most of the time in budgeting your finances is taking the time to sort through your expenses and sort out your budget. However, this is so important to your financial health. You have to look at what you are spending against the pay that you are earning. It’s too easy to let the automatic payments pile up debt on your credit card.
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This cash envelope budgeting printable helps you to focus and grab hold of categories of your budget that you might not think about. It breaks everything down so you can easily account for all the money you spend each month. Maximizing your savings and helping you reach your savings goals.
My printable packet also includes envelopes. You can cut these out and fold them for holding your cash and you can even write down your budget in the ledger on the outside of the envelope. There are two (2) sizes available on the printout. I suggest using an envelope for every budget category you have. That way you can keep your payments organized and if you go over budget on anything, you can easily tell where the money was spent so you know what adjustments are needed for the following month.
Related: Teaching Kids to Save Money: How to Relate The Importance of Saving
Easy and Convenient Cash Envelope Budgeting
I’m so excited to share these printables for my version of the cash envelope budgeting system. Try it out and you won’t be disappointed. Transitioning from credit cards to cash doesn’t have to be a huge hassle. It just takes a short assessment of what you owe the credit card companies or other debtors and then factoring those payments into your newly established budget. It feels great to know that all of your expenses are covered by the income you create and you can save. Good luck!