I have looked at money envelope systems for years… mostly just to buy the systems, not to actually use them.
I used this template to make my own envelopes about four years ago from scrapbook paper that I already had. They were really super cute.
Then a few years ago, I bought these two coupon clutches from 31. They are what I currently use for coupons and money.
And I knew that eventually you would ask me how I was carrying around all this cash. I didn’t want to tell you I was using a discontinued 31 product.
So, I went on Amazon and found a couple of products that are similar. Actually, I think that one I found I would like even better than the 31 coupon clutch I am currently using because it has more pockets. 🙂
No matter what system you use, having the cash with you is really helpful if you’re going to be paying with all cash.
Since we decided to add beauty and hair into our cash system, I took the $16 that Greg will need for his haircut and put it into a paperclip before stashing it in the console of his car.
The biggest problem I have run into with using cash is not having any cash with me at the time that I need it.
Also, even though I try to anticipate how we will use cash over two weeks, I’m not always accurate. And while I understand the whole concept of using cash is “once it’s gone, it’s gone,” I don’t always abide by that.
I am using the cash system to get our spending in control, to pay off debt, and to be a good example to my children. However, if I’m not going to fill the cash envelopes until Friday, but I happen to be at the store on Thursday and can pick up what I know I’m going to be buying on Friday, I’m going to go ahead and buy the items with my debit card. And I’m going to give myself a break.
At this point in my life, I have even less time than I do money. It is the time factor that sometimes derails my cash envelope system.
Like I have said before, I am gazelle intense in my hunt to pay down our family debt. However, making this work for my family means that I’m constantly analyzing and changing how I do things. The investment Greg and I are putting into this effort will pay off in much more than just being out of debt. Our kids are learning lessons that will hopefully help them stay out of the money messes we’ve made along the way.
Using cash has already changed some of our spending habits and shed a spotlight on others I had no idea about… like how much I spend on hair and beauty! I’ll share that with you next week.
What about you? How do you carry around or organize your cash if you are using a cash system?