Budget With Me | Cash Envelope Stuffing + Cash Envelope Method
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- čas přidán 5. 06. 2020
- Stuff your cash envelopes with me! Today, I am showing you the step-by-step process I go through to stuff my cash envelopes every time I am paid.
I started using cash envelopes back in 2016, and it was an absolute game-changer for my budget. Cash spending was the missing piece that I needed to make my budget work for me in ways I never imagined. When I started using cash envelopes, magical things began to happen.
I was able to track my spending more efficiently, I was able to make more significant debt payments, I hit my goal of saving my first $1,000, I successfully saved more money and went on my first all-cash paid vacation back in May of this year, and so much more!
➡️ HOW I TRACK MY SPENDING: bit.ly/3aIe89I
➡️ MY WALLET (AFFILIATE LINK): bit.ly/2w4u5s9
➡️ HOW TO USE SINKING FUNDS: bit.ly/3gZ9poc
➡️ SINKING FUNDS ENVELOPES: bit.ly/30rpr4D
➡️ THE BUDGET MOM'S FINANCIAL FREEDOM STEPS: bit.ly/3cfJXsp
➡️ HOW TO GET STARTED WITH THE CASH ENVELOPE METHOD: bit.ly/2vQJaO5
➡️ SUMMER THEME CASH ENVELOPES: bit.ly/2MC7Ezu
➡️ CASH TELLER SLIPS: bit.ly/2XDKgYz
ABOUT ME
I'm the blogger behind www.thebudgetmom.com. I have a rambunctious 6-year-old son, live in Washington, and I'm passionate about helping people with money management and personal finance. Let me know what you like to learn more about! Leave me comments and suggestions on my video and let me know!
YOU CAN FIND ME AT:
📝 BLOG: www.thebudgetmom.com
📘 FACEBOOK: / thebudgetmom
📸 INSTAGRAM: / thebudgetmom
📌 PINTEREST: / thebudgetmom
GET STARTED
➡️Start Here: www.thebudgetmom.com/start-here/
➡️Free Email Course: bit.ly/2UYgNFf
➡️Free Resources: bit.ly/2PDmTHz
➡️GET 10% OFF my popular Budget-by-Paycheck Workbook - Coupon Code TBMCZcams bit.ly/2CR7U9n
I worked retail for 35 years and watching you turn that money every which way made me crazy, lol
I am a visual learner, this was a great video.
When I get my money home, I "play bank". Just like the game Monopoly, I make a pile of 100's, 50's, 20's, etc. Then I stuff my envelopes. It makes it easier for me. Great video.
Oh WOW! Now THIS is an idea I can rock wit! Do you vids on this? Nm Bout 2 watch ur channel
Literally what EVERYONE else does already
I play bank too....and pretend to buy Mayfair ;)
This is the luxury of pre-inflation. Those were the days.
I always like watching your "how to" videos even though my amounts are much less than yours. I add $5 to each sinking fund every Saturday, but I'm still seeing growth. I get paid every week and this method has saved me from using my credit card on several occasions this year.
I add only once a month 5€ to most of my envelopes
Every cent/penny COUNTS! It all adds up.
Ditto
Confused on sinking fung
@@sandraholmes4262 sinking funds are things you want to save for that might put you over your budget if you didn’t save a little each month, like Christmas, birthdays, and vacations. When you set aside a specific amount for each item, you don’t have to come up with a large sum of money all at one time.
This is great, I follow Dave Ramsey and it’s been working great, but all the nitty gritty details to make the baby steps into black and white practical steps takes practice. I have my method down after months and she just presented it clean and organized in 20 min 👍😁 awesome!
I just have to say this video is a LIFE SAVER!!! I am a new college graduate and am looking to get a head start on my life by budgeting! I have been researching methods the past couple of days but I am seriously sold on this method. It's visual and keeps a hard look at what money you do and don't have! Thank you for helping me!
I love that you're planning for next year already, I love watching your videos to a debt-free lifestyle. I wish I learned this even sooner!
Yesss I loved seeing the full process. The cash stuffing and coloring in is the best part and I understand why you normally spend it up but it’s so satisfying
These videos are so important, thanks Miko!
You actually inspired me to start my own budgeting journey and I used your videos for research so thank you so much!
My gosh I am SO glad I found you!!! There is hope for me yet!!! Thank you for being so clear!!!!
@13:08 "as you can see, my christmas envelope broke on me, cuz it is 🎶 so full of munnneeey🎶😏 #happymiko
Side note: I write this because this is a little moment of celebration for how long she has been saving this money for. We all have a moment when we sing when we see us reach a sinking fund goal or see it growing. Please know I am not mocking Mico I think it's great how she's managed her money so she can have a moment of Celebration and knowing she will have Christmas covered financially :-) Hi-5 Miko!😁🖐🤚✊👊🤜🤛👊🖐👍
This is Amazing and life changing! Seriously, God bless you.❤️
If you are consistent, it's exciting to see how much you have saved for your sinking funds. Love your videos! Best wishes and keep at it Kumiko!
Love the "online shopping" envelope.. great idea!
I loved the video! Loved how you broke it down really well. Thank you as always for all of the great content and help with budgeting.
Miko, alrightie.... I'm FINALLY READY!!! lol
I've been tweaking and perfecting our budget for a few years now and 2020 has really taught me where we WANT our money to go and where it HAS gone! Using ALL the info from my "Where did my Money go worksheets" I now know just how much to pull into our Variable spending, our Sinking funds and also towards our extra debt payments and 2021 Savings challenges. 💙💜💙
I love how organized everything is. I'm all about organization
When you realize here in Canada, we don’t have $1 bills, but $1 coins... making it a hell a lot more heavy to do this system😭
Seriously, this is where you think outside the box. Australia has $1 denoted in coin too. So I do $5.
Make your budget $5 based so you can use bills
@@MarysCashStuffing 😭😭😭
I use a cashless system that involves board game money. 😂 Every dollar matches a dollar in the bank. I also create my own challenges and envelopes and budget based on $5 increments.
Slovakia and countries in the Eurozone have coins as well:
• 1, 2, 5, 10, 20, 50 cent coins (1 & 2 cent coins are "eradicated", they're not accepted and evem vending machines reject them),
• 1 and 2 euro coins,
• 5, 10, 20, 500, 100, 200 euro bills.
I keep saving up my coins (except 1 & 2 cents) to condense to at least 5 euro bills, so it's tough 🤣
Wow! This is a game changer. Can't wait to try this method out!
This video was exactly what I needed! Answered all my questions 🙌🏼
Thanks. Now I have a clearer picture for stuffing my envelopes. 💜
Love this! Super proud of how far you’ve reached! 🥳👏🏼👏🏼👏🏼👏🏼
I have your cash breakdown slips...my tellers love them.
“Cause it’s so full of money” 😂😂😂😂 ILYSM that cracked me up.
The cash teller slips are a brilliant idea!
I envy your method for saving money and spending!!! My concern is ithe cash envelope system, I hope you keep these cash envelopes in a safe when not in use!!! Fabulous ideas for spending money this way!!
Thank you for explaining things so well. It’s hard to follow some videos when parts are skipped. Very informative and easy to relate to.
You’re so smart! Kudos to you for taking charge of your finances and not being afraid to track your spending. I’m like an ostrich when it comes to my finances. I’m so afraid to deal with money.
I am a visual learner too! I love this tutorial very much. 😘
You’re so organized-I’m trying to do the same-like your setups-signed up for your class and bought the book! Listen all the time!👍
You give such a clear explanation of the breakdown of envelopes, etc. Me like you..lol. I really enjoy your videos.
I love how simply you put this! Love the video! 🥰💙
Budget Mom, I Love your videos, I just ordered your Paycheck binder and can't wait to receive it. I have a son who is Schizophrenic and all my 401 k went to his treatments. I am 63 years old and starting over.
I wish I had found this video when I was starting out as I struggled a lot in the beginning. Great video. I have recently started my own CZcams journey to share my experience with others.
When do you plan on having the budget by paycheck workbook available? I've been wanting it for months. So excited for it!
This is a really helpful video. I love it! 😍
So glad I found you! Hugs from Montana
Great video! Creating sinking funds for a year in advance is genius. Thanks for such a detailed explanation on everything!
Great video. That made it clearer for me. Thank you.
Yay! I needed this!
Yessss lol when you started talking about the denominations very specific detailed
Im currently working on my monthly budget and color coding after seein one of your videos of weekly paychecks. And how to allocate your paychecks to cover other bills for next month. Thank you so much. I can't wait to get back on track with my sinking funds.
Chaparra J. Which video did you watch for the weekly paychecks
I love how you teach us to save but I live day by day because I don't know about tomorrow. I save for my current year.
i wish i could be as organized lol your cash envelope are so cute great video i love how you explained it and showed everything
On day 4 of the online class. That expenses I should budget for but don’t omg. I think I emailed you last week and you told me about it. Thanks Miko - Jasmine Coleman
This was very helpful. Thank you!
Great tips. I use the cash envelope system for my monthly expenses but I don't use it for challenges or savings as I don't feel safe walking around with so much money. I automatically transfer the money on a specific account and I write everything down.
Maybe Ryen could do a stuffing cash video too with her budget??
Oh I'd love to see that aswell
Christina Knepp yes to this!!
Yes please!!
Yesss :-)
Me 2
Great video! Thank you for sharing!
This is phenomenal! Thank you!
That's an amazing demonstration. I love it. New sub here!
I am going to start cash envelopes soon! With my side job
Love it thanks Kumiko! #GOALS
Your simply the best!
I worked in a bank on cash for 15 years. I would have LOVED if even one customer was that organised to hand me cash notes breakdown. Instead they call it out- so irritating! Just hand me the breakdown of denominations you want
Thank you for taking the time to explain so clearly. I am new to cash envelope stuffing and have started clothing and beauty categories because I noticed I over spend in skincare products and underspend in clothing category.
Wonderful video. Interested in where that yearly tracker sheet came from AND the envelopes. Wonderful.
This was a good video. But I was a little stressed out. I budget but this is a whole other level. Some of these I would just have in savings for like next year birthdays and things but you do you I guess
Oh My God, you are sooo good. How i wish i came across your channel earlier.
Really enjoy your videos:)
I love your videos, they’re keeping me focused on my debt journey! Where can I get a wallet like this with the envelopes?
I'm glad I found your channel.
Wow great video. Very informative
What would go in the household category? Like cleaning products? Love you and all you already taugh me! Thanks so much ❤️
That's what I use my household category for: cleaning products, paper towels, aluminum foil, detergents, etc.
Oh my goodness. i love this idea. Are there any budgeting apps for mac that you would recommend?
I really like your desk / office furniture, might you provide a link for it? Most filing cabinet desks are unattractive. Love yours and your office chair!
New subby here for the new year ! I got to get my budgeting and savings life together 💕
Great video!!
Hi !! for the sinking funds evenlopes do you track on the visual worksheet too how that works ? are you making new sinks funds envelopes? i’m tempting to buy this ones you have
I pay for just about everything with my credit card to get cash rewards, and I always pay it off by the end of the month. I use the cash envelopes and when I make a purchase, I pull out the cash from the corresponding envelope and put it into my online shopping envelope. I then deposit it in my checking account to pay on the card. What expense tracker do I record my transactions on, the Cash Expense Tracker or my Credit Card Tracker?
I love your videos! You’ve helped us so much with budgeting and saving. Are you still going to post the video on your nails?
Yes, we will be posting that on Wednesday :-)
I need to print those papers and envolopes. Please help me. I tried to do it before, but with you I learned in the best way for my life style.
If you was going to pick two planers one being ( bbp ) what would be your other choice?. Thank you.
I love the Costco and house envelopes. Will you add them to the shop?
Do you carry the whole Filofax wallet with you when you're out, or take only relevant envelopes? I found the envelope system well thought out, and cleaner than what I'm using now. Thank you for this video!
In watching this June video using cash, does this mean you went back to cash envelops instead of cashless envelops that you started in April? Thanks for your reply.
Do you know when you paycheck budgeting book would be available? I really need it before next year.
Will you be adding the new house sinking fund envelope for those people that already purchased the envelopes?
When will the budget by paycheck workbook be back in stock?
On the cash expense tracker where did you get the figure $501 from? On the top line.... highlighted
Hey, would love to know what planner you are using?
I wish you would have showed us how to document that on your cash expense tracker. Do you put the total you pulled out in cash on the cash expense tracker, or do you only put the amount that is going into your variable expense envelopes?
Hello, how is it budgeted when using the sinking fun, for example for birthdays or Christmas?
Hi kumiko. I bought your printable workbook and planning to book bind it.
What kind of paper you can suggest i can use ?
Thank you..
I really need to start doing this with my food, fun, and pet expenses. Although I find for groceries, I spend less when I do mobile pickup vs shopping in store. Easier to track total and not throwing in random "ooh that looks cool" junk. Just started a new job that pays me weekly so great opportunity to get this going. I'm going to start next month so that way I can get familiar with the new income and timing.
My only issue with the system is that I'd rather put sinking funds in a savings account so I can earn interest. My credit union (BECU) lets me split up the amounts into categories so I can see my goals.
Yup same here. Once I started my new job awhile back I did this system and it works.
I have separate accounts under my high yield savings. They are the accounts that I don’t touch much (once or twice/yr)
Other sibling funds stay as cash because I need to access them more often and the interest earned on those would be nominal. I have 10 sub accounts on my high yield account.
More and more places are not wanting cash due to Covid, or they’re wanting exact change because of a coin shortage. What do you suggest in this weird time we are dealing with? Do you suggest getting several different prepaid cards for each category? Is there something else you would suggest?
Thank you for this clear video!!
Can you tell me how to track an expense made with a debit card and reimbursed with the cash envelope. Do you write on your account tracker or your cash tracker? or both?
Thank you 🥰
You'll track the amount you pull out of the cash envelope. I dont note an even trade on my checking tracker bc it's a wash
So you just carry the variable envelopes in your wallet and leave the sinking funds envelopes at home? It seems like a good system- just trying to see how that’s better than having it in the bank. Love the colorful products.
When you spend do you write what you spent on the envelopes too?
New sinking funds envelopes.will they be on Tbm shop??
You can switch out a lot of the little bills for bigger bills to keep the envelopes from breaking 💋
Totally random, but I love your pen. I am so picky with my pens, and the one you use looks like one I would use because of the grip.
I am so glad I wasn’t the only one lol. I loved it too. I’m a particular person when it comes to pens 🖊 and I just want to get that one :-)
Krystal Landrove Thank goodness I am not the only one!
What hole puncher do you use for the cash envelopes ?
I love your videos! But my OCD is crazy when you don’t bank face the cash! 🤣 Keep up the good work! ☺️
What binder do you have. I love the color. Is it a filofax?
What happens if you’ve reached sinking funds for 2021... do you automatically move on to 2022? Like Chris’ bday where you’re almost done for 2021.
Sorry i got a quick question..when you go to the store for food..do you seperate your items so you can pay for household items from your cash envelope..and use your food envelope for strictly food..??
How can I get that cash envelope breakdown worksheet and paycheck bill tracker journal ?
Does the filofax come with anything such as plastic sleeves