My brother's wedding in Austin made me rethink the whole envelope system

I was helping set up chairs at the venue last month and saw my cousin pull out five different cash envelopes for things like food and gas. He told me he'd been doing it for years because everyone online says cash is king. I tried it for two weeks and kept forgetting which envelope was for what, plus I felt nervous carrying that much money. Now I just use one checking account with separate virtual buckets in my bank's app, and it works way better for tracking. Does anyone else find the physical cash method more trouble than it's worth?

2 comments

2 Comments

elizabethwhite10h ago

Oh man, the envelope thing. I tried it after reading some finance blog and it was a mess. I had a grocery envelope that just became a "I want tacos" envelope by Wednesday. Then my cat needed the vet and I'm standing there with an "entertainment" stack of twenties feeling like a fool. My bank's app lets me move money between little goals with a tap. No paper cuts, no forgetting if the rent cash is in the blue one or the red one. It just seems like an extra step for people who really like office supplies.

the_susan8h ago

Your cat needed the VET money from entertainment?!