A couple years back now I attended Financial Peace University at my church back home. It was a life changing 10-week eye opener to money. I’ve still struggled with budgets and money management since acquiring all that knowledge, but I’m determined to put it into action. I’ve made great progress, and with the help of the whole30 cutting out fast-food, I’m energized and inspired to keep on keeping my spending under control.
A big part of the teaching is to use a cash budget, because spending actual cash hurts more than tapping your card. One of my biggest annoyances with trying to implement a cash budget is the fact the envelopes for each category always fall apart and the change gets lost so quickly. Last year I had the idea to make some simple envelopes. This weekend, I set to work, started cutting, and made some great envelopes!
They’re made out of ribbon and vinyl, feature a receipt pocket, bill pocket, and a change pouch. They fasten with a little snap and the change pouch has a zipper. Since I’ll still be using my budget app on my phone, I didn’t include anywhere to track where I spend the cash as I’ll be inputting it on my phone.
While I won’t be using them for all the categories very granularly, for example, I won’t have a “clothing” envelope, as I don’t often buy myself new clothes. I’ve simplified it to three categories that will get their own envelope:
The allowance envelope will include all miscellaneous purchases. Starbucks, fast-food, clothes. Anything out of the regularly budgeted items. I’ll still be paying a lot of my bills online. But as far as other spending, it’ll all be out of these envelopes.
After the first one, my mom and sister wanted a set too!
To make them, I didn’t follow any sort of pattern.. I just kind of had the mechanics in my head and went to town on the sewing machine. Here’s the approximate size pieces I cut (including seam allowance):
- four 5.5″ x 4.5″ pieces of vinyl
- one 11″ x 8″ piece of vinyl
- one 5″ x 8″ piece of vinyl
- one 8″ x 8″ piece of vinyl
- two 8″ pieces of ribbon
- one 11″ piece of ribbon
I also used a 7″ zipper (though the pouch is only about 4″ wide; and 1/2 inch metal snaps.
How do you guys budget? What’s worked for you! I’d love to hear all your suggestions.