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Cash Envelope Method of Saving Money

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Back when all bills were paid exclusively with cash, some people were separating their money into different envelope, each with a specific purpose.

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The envelope method remains one of the best methods you can use to save money. On top of that, it is an excellent way to prevent overspending.

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First off, you should think about on what you spend your money and divide your costs into categories.

Using the Envelope System

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. . .using this system will encourage you to be more cautious about your spending. You will learn the prices of products your buy regularly and plan when to buy what.

Why the Envelope System Works

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One thing you could do is set a budget for online shopping and write the amount down on an envelope. Each time you make a purchase, subtract that amount from the total you have left.

What to Do If You Don’t Use Cash