Do you like cash? Do you use cash?
I’ll let you in on a secret: I hate cash. I hate using cash but I also appreciate cash for the power it holds.
Dave Ramsey says in Financial Peace University that paying cash “activates the pain centers in your brain.” I believe it because when I hand over cash it makes me a bit sad whereas I have zero reaction to using a credit card and only a slight one to using debt.
So even though I hate cash, I’m looking to use cash more! We are going back to our cash envelopes in August combined with closely tracking our spending to better control our monthly budget.
Cash Envelopes For August 2018
Here’s the breakdown of the cash in the envelopes:
- Daycare – $120
- Groceries – $40
- M Personal – $40
- J Personal – $40
- Eating Out – $20
- Shopping $40
Why Use Cash Envelopes
The point of using these cash envelopes, and all of this budgeting stuff, is to be intentional about our spending choices.
It is far, far too easy in our world to go about our daily lives and not even think about our spending. We can swipe a card here and swipe a card there and get almost anything we want instantly. I know personally I can and will spend for the sake of convenience without even thinking about the cost, so using cash is my way to fight against that mindless spending.
When I use cash (and yes even debit), I have to confront spending truths: is this worth the money that is in my bank account? Is this purchase that will remove a $20 bill from my envelope worth it?
My goal is to think more about the purchase I make and to consider their impact on my life and my budget. Cash is a tool that is helping me do that for the moment.
What I Use To Budget
Below are some of the items I use to budget with! I get a lot of questions about what I use with my planners and the apps I use to keep my budget on track every month so I want to share the budgeting tools I use to make budgeting both functional and fun.
Happy Planner – I use my Happy Planner for everything including budgeting! I find writing down my budget and checking in on paper helps me to better remember and makes it feel more real.
Budget Stickers – I use a variety of budget stickers in my videos from Me And My Big Ideas, Erin Condren and various Etsy shops. I’ve linked my favorite budget sticker Etsy shops I use all the time below (affiliate links):
- Elaine Michelle Studio (youtuber & budget stickers)
- Planner Kate (matte budget stickers)
- A Happy Blue Tree (kawaii budget stickers)
- HoneyInked Planner Paperie (clear budget stickers)
- Planner Envy (bright budget stickers)
Every Dollar – My husband and I both use a shared Every Dollar app account where we actively track our spending. This works best for us since my husband doesn’t use a planner and we have joint bank accounts and expenses.
Mint.com – I’ve used Mint for over years as a passive net worth tracker. It’s a more passive option and I don’t actively update it except for once or twice a year when I want to gauge my net worth progress.
Hopefully these tools will help you with your budget whether you love pen and paper or technology!