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#Cash envelope binder how to#

Do whatever makes the most for your situation. How specific (or broad) your categories are is totally up to you. I’m giving you a list of 50 so you can get plenty of ideas for your own envelopes because there are a ton of different options!

Household items (medical, toiletries, paper products, cleaning, etc.).

I’d recommend using 5-15 envelopes to keep it simple. But, obviously, you don’t want to have 50 separate envelopes…that would be a big mess! This list will give you 50 ideas for your cash envelope categories.

Decide what to do with any cash leftover in your envelopes at the end of the month (you might put this into savings, use it to pay off debt, or spend it on something fun…whatever you choose!).

Once you run out of cash in a particular envelope, you’re done with spending on that category for the month!.

Put cash (enough for one month) in the envelopes for each category.

Once you’ve selected your categories, get some envelopes and label them.For example, you don’t want to include your mortgage, cell phone payment, or any other fixed bills that are probably automatically withdrawn from your checking account anyway. These will be expenses that are variable.

#Cash envelope binder how to#

Need some help? Check out our budgeting bundle which walks you through exactly how to set up a budget! If you aren’t familiar with this system, here’s how it works: * Disclosure: This post may contain affiliate links. I love anything that makes life a little simpler, and cash envelopes make budgeting SO easy. I started using the Dave Ramsey’s cash envelope system for budgeting recently, and it’s a game changer!