Over the years, I’ve picked up budgeting tips to help me stay on track. And my most favorite one is also the most basic: cash envelopes.
Cash envelopes are pretty much what the name suggests: a place to keep cash you want to set aside. You can do this with physical envelopes (no fancy app or software required) or use virtual envelopes, which can be created in a spreadsheet. Either way, cash envelopes are completely customizable and can help you manage your expenses in a visual, tactile way.
To get started, you just need to have a desire to take control of your finances and decide on a method that’s right for you. With that, let’s look at how you can use cash envelopes to enhance the way you keep track of your budget.