In these strained economic times when we all need to tighten our belts and be more frugal and responsible- the discipline of only using cash makes sense. The benefits in brief are:
- We are less likely to spend $$$ when it's cash vs. a card!
- When the $$$ for that line item is gone, it's GONE- and you can easily see it.
- It would be tough to do the cash envelope system without first making a budget- and using a budget is a GOOD THING!
I'm sure there are tons more reasons- but for me- I spend a whole LOT less money when I'm paying cash!
If you do this... do you literally use envelopes? Do you have a little divider for the cash? Something else? I have used a little plastic expandable coupon holder- but I've been unsatisfied with it in 2 ways- 1) when I'm paying, I don't want to pull it out- b/c it's obvious that it's full of case and 2) the coins don't stay IN much less organized. Please share your suggestions. In doing a little time wasting online, I mean, research, I found two things that I am as of yet unwilling to part with my cash for! Perhaps you'll have a better idea :)
~a more fiscally responsible Katherine