I have been working on a couple of things recently, which is why you haven’t heard from me for a while. And one of those things is starting my own Etsy business selling cash envelopes. I created these envelopes by hand and laminated them for long-lasting use. To celebrate this new endeavor, I decided to do a giveaway of a couple of my handmade cash envelopes. Before I tell you when and how to enter into the contest, let me tell you why these are important to use.
According to multiple sources (check here and here), Americans have an average of $6000.00 in credit card debt. While you may be an exception to this statistic, I think we can all continue to learn about being fiscally responsible. I’m not going to tell you to never get a credit card or to never use it, because that is not realistic. Sometimes unexpected medical or household expenses come up, or you have to use your credit card for something until your next paycheck. I get it because I use it for those reasons as well. However, I am on a journey to become debt free from credit card debt (which isn’t much) and student loan debt (which is only 5 digits and totally doable). On my journey, I discovered cash envelopes.
How It Works:
When you sit down to do your next monthly/weekly/bi-weekly budget, you’ll determine how much money you will allocate to certain non-bill categories. You may already do this but sometimes go over your budget for those categories (such as entertainment and fast food). To prevent overspending, you can use cash envelopes. If you have self-discipline and determination, you will only use the cash that is in each envelope.
How I Use My Cash Envelopes:
Before I withdraw any cash from my bank account, I sit down and create a monthly budget. To find inspiration on how you can do your monthly budget, follow my Instagram account @my_attempt_at_adulting. Once I have my budget, I pay all of my bills using my debit card then withdraw cash for my envelopes from the bank. Categories that I currently use my cash envelopes for are: groceries, cleaners, gas, fast food, miscellaneous, travel, Christmas gifts, and unexpected fees. The amount of cash I put in each envelope ranges from $25 (unexpected fees) to $100 (groceries) each month. Also, I don’t withdraw cash for all of my envelopes with the same paycheck, I stagger them to optimize my paychecks. So far, it has really made me think about my purchases more than I would have, by just swiping my debit card.
Are you interested in giving cash envelopes a try? Well here is how to enter into the contest. I will be giving away 3 FREE cash envelopes that I handmade tomorrow on my Instagram account (@my_attempt_at_adulting). Look for my post tomorrow on how to enter the contest, and I will announce the winner on Friday, August, 17th. I am still in the process of getting my Esty shop set up, but I will keep you updated! Thanks for reading. If you have any questions about budgeting or using cash envelopes, feel free to ask me in the comment section below. And if you liked this post, please like it below, share with your friends/family/co-workers/etc., and subscribe (if you haven’t already). Thanks again!
3 thoughts on “Giveaway!!!”
Cash envelopes are such an awesome idea!
I work in fast food and a good portion of our customers use them.
It’s so easy to swipe a card without much thought, but having physical money makes you think before you spend.
I don’t currently use them, but hope to in the near future.
That’s great that your customers use them. I tried to get my best friend to try them, but he prefers to use his credit card to get points and then pay it off. I would suggest if you wanted to try them, to start with a couple at a time. Perhaps if there’s an area in your life where you spend a lot (let’s just say entertainment), then start with using cash only for that area. Or I even know people have a bi-weekly budget instead of a monthly budget for each category.
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