![]() The cash envelope system is a visual system. If you do this long enough, it can result in huge amounts of debt. This results in depending on credit and spending more than they make month after month. One of the biggest problems I see with people who are in debt or who are just starting out with budgeting is that they have no clue about how much they spend. ![]() Read: The Savings Strategy That’s Preparing Me for the Future.Today, I want to show you how to ditch your debit card and start using cash for your budget, and give you some fantastic resources to get started! I was able to track my spending more efficiently, I was able to make more significant debt payments, I hit my goal of saving my first $1,000, I successfully saved more money and went on my first all-cash paid vacation back in May of this year, and so much more! When I started using cash envelopes, magical things began to happen. Cash spending was the missing piece that I needed to make my budget work for me in ways I never imagined. I started using cash envelopes back in 2016, and it was an absolute game-changer for my budget. Not only has it helped me pay off close to $25,000 worth of credit card debt, but it has allowed me to save money and gain control of my finances. I have been using the same budget-by-paycheck method for the past 5 years, and to be honest, I wouldn't do it any other way. ![]() If you have heard of it, I have tried it. Not only have I been successfully budgeting my money for the past six years, but I have tried every budgeting method known to man. I had no clue what I was doing, no idea how to make my expenses work with my income, and it took me almost a full year to see any signs of success.įast forward to today. I created my very first budget in 2011, and let's just say, it was anything but pretty. As most of you know, I have been budgeting for the last 7 years. ![]()
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