Here's What You Need to Know
The cash envelope system resonated with me because it helped with two things: 1) My propensity to use my credit cards and 2) My love for pretty stationery.
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Cash envelopes are paper or cloth envelopes used to hold cash and change for people using the cash envelope budget method. They can be plain or decorated, DIY or purchased.
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The cash envelope system is a way of budgeting where you only use cash for your day to day spending. In order to stay on budget, this cash is separated into individual envelopes by category.
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First, you need to come up with a budget. It’s imperative to know the amount of money that you receive and the total amount of bills that you pay every month.
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Once you have made your budget, you need to categorize your spending. There are some categories that cash just may not make sense.
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