Have you heard of the cash envelope wallet system? If you’ve heard of Dave Ramsey, you’ve undoubtedly heard him tell you that cash is the only way to go to stay on budget.
My wife and I started using a cash envelope system when we first started our debt-free journey and, from experience, I can tell you it was a huge pain – but it worked!
If you have ever tried to stay on budget while using credit cards, you probably understand how difficult this task can actually be! Using credit cards takes the pain and emotion out of spending.
The Benefits Of Using A Cash Divider Wallet System
Let’s face it, when you use a credit card throughout the month, it is difficult to know exactly how much you have spent on a certain category. You either need to be incredibly diligent in documenting each purchase or check your online statements daily.
Using A Cash Envelope Budget Wallet Keeps You On Track