Tuesday, December 6, 2011
Pretty Cash System Envelopes
Dave Ramsey's cash envelope system. The basic run-down is that you budget all of your income down to the dollar, and you don't spend more than you make. Sounds simple, right? It really is. But you would be surprised how many people are budgeting and spending much more than they actually have coming in. How does that work, you ask? Credit cards. America loves their credit cards. It's easy spending... but there are many consequences that come with that convenient 'right now, gotta have it' mindset.
So the deal is that you pay with cash. Obviously, there are bills that you pay online, and that's fine. But things that you physically go to the store for (groceries, dinner at a restaurant, movies, etc) should all be handled with cash. Each category is then divided out into separate envelopes. Once the cash is gone, it's gone. No using a credit card to last the rest of the month (because you really should cut those things up anyway!). You learn real quickly what's important to you. For example, do you really need to go out to eat tonight, because if you do, you know you won't have much 'restaurant' money left over for when your friend comes in town later this month. You really stop spending so spontaneously and actually think about what your money is doing for you and where it is going.
Oh, I could go on and on about how Dave Ramsey's system has changed our lives. After just a little over a year, we have paid off about $10k in debt and don't have much further to go. We paid for our entire honeymoon in full with no credit cards and no bills that are following us around afterwards. Christmas has been saved for all year, so we won't have to go into debt in order to give this season. It's a very freeing feeling. This is coming from someone who has had some major money woes. I couldn't get a loan or a credit card even if I wanted to, so this cash system has been a blessing to us.
Well, so the real reason for my post, besides putting the word out there is this: I was getting really sick of flimsy and boring white envelopes for our cash. They were falling apart about every month or two, and we were always having to replace them. So when I came across this cute and simple solution on Pinterest, I knew I was going to have to put it into action.
I bought so cute and heavy-duty scrapbook paper. I didn't want these to tear easily like the white ones had been doing! Got the template downloaded. A little tracing, cutting, and gluing, and this is what I came up with! Ta-da!
So simple and very aesthetically pleasing! I just pop them into my accordion coupon organizer that I use just for filing these envelopes, and I'm good to go!
Oh, and another annoyance I was having with the white envelopes is the flap. When you're paying with cash for everything, you're having to get in the envelopes constantly. Over time (or not so much time), the flaps wear out and rip and fall off. Really they're just in the way. So I decided to revise the template a bit by omitting the top flap, so it was just open.
I think this will work so much better for us. And I'm just really happy to have something so pretty in my purse. Especially because I hardly ever whip my wallet out anymore, I gotta have some sort of pretty accessory! Ah, when did I turn into such a girl!
Posted by Holly at 7:55 AM