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Cash Envelope system


As long as you are certain that enough is enough and you can create a budget and stick to it - you will be OK... but there are tips and tools out there to make the process a little more enjoyable.

I started my own little 'cash envelope system' back 2 years ago when I first got engaged and needed to save money quickly. 
I bought a load of cheap envelopes from WHSmith's, wrote the vendors for the wedding on the back and the total I needed to save and I then made sure I added to it every time I got paid. If a payment was due, I would focus on that envelope and once it had reached the targeted amount, I would sellotape it shut and write "DO NOT TOUCH" on the back. 

That is all it took for me to stick to this process. If you are a visual, goal oriented person, I am sure you can relate. If it is written in black and white, I am more likely to obey the command!

Once the wedding had come and gone (all paid off without further debt). I decided I wanted to cement the process and upgraded to a more official 'Cash envelope system'. I searched everywhere for one as I was quite sure of what I wanted and I came across this one from Amazon - Cash Envelope wallet



I really wanted it in black but as they had run out, I settled on this bold blue colour. Watch my Youtube as I give you a show and tell of the Cash Wallet I bought.

I have had so many compliments on the colour of this wallet and feel like it is a real accessory to my often bland sense of style.

Shortly after I bought this system I discovered a CASHLESS system which I now use, so unfortunately I have not continued with cash. I still use the wallet everywhere but not the budgeting side of it.

I recommend a cash envelope system to anyone just starting out with budgeting. There is something about the psychology of parting with physical cash as a pose to swiping your debit card. It gives you a feeling of loss and regret which is the main contributor to me getting out of debt in 2020.

Check out my Cash Envelope wallet and why I think it is the best process for someone starting out along their debt free journey.
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