Comments on: Cash Envelope System for Budgeting

By: Lacey

Lacey — Mon, 09 Feb 2009 22:33:15 +0000

Check these out. It makes it really nice to use the cash envelope system. Plus they're way cute!

http://laceyandtyler.blogspot.com/2009/02/fashion-cash-clutches.html

By: midlife mommy

midlife mommy — Sun, 05 Oct 2008 00:56:25 +0000

This is the same system my mom used when I was growing up. Worked for her! I just use checks, and when I buy things on line, I use the PayPal plug in — it looks like a credit card to the sellers, but the money actually comes from my checking account. It keeps me from charging anything.

By: Heather

Heather — Sat, 04 Oct 2008 11:38:10 +0000

Its funny when you use the envelope system your money stretches farther! Plus you have to ♥ the fact that when you purchase things this way you own it right away. Thanks to Dave Ramsey life has been so much easier!

By: Brad

Brad — Sat, 04 Oct 2008 11:07:19 +0000

What a great article about something that is so foggy to so many people. I too, had my preconceived notions about envelopes and why people used them. Little did I know how powerful a tool they could actually be. Too many people overlook the psychological implications of swiping a card versus opening your cash envelope.

Almost everyone that I mention the envelope system to seems to think they have it all figured out, and the statistics couldn't possibly be referring to them. No way does spending on the debit card cause them to spend more money, they say. I did too. When we decided to actually try it, I was skeptical but just like you said, when you are in line and you know you only have a certain amount of cash that you can spend, it most certainly curbs your appetite to spend thoughtlessly.

We have found that we put more items back on the shelf after asking ourselves a series of questions that never came to mind when swiping the debit card. I will definitely tell the FPU class that I am coordinating about this article. It is excellent!