As I mentioned in my Envelope Budgeting post, we’re on a quest to make another step forward in our finances.
We have been having success with our efforts to reduce waste, reduce our utility bills, reduce our automobile costs (including gas), and so forth. But we haven’t actually made
Well thanks to the Mvelopes free account (mentioned in the post above), we’re hard at work making that a reality. We’re setting up digital envelopes for all our financial categories, to track every penny and keep ourselves in line.
And do you know what else I did last week?
When I (well, the kids and I, of course) went shopping on Thursday (Farmer’s Market day, so we schedule around that), I went to the bank as usual. But instead of getting out just what cash I needed for the Farmer’s Market (for our milk, eggs, and produce), I withdrew the entire two-week grocery budget.
Since Wolf gets paid every other week, I am running budgeting on two week cycles.
Not everything has a physical cash envelope, but groceries seemed an obvious place to start.
And it does feel different, shopping with cash. I’m more reluctant to part with each bill. And knowing how much is left in that envelope is a “hard stop” – unlike the debit card, where there’s such an ease of “well it’s just a little bit…”
What else is really better with a cash envelope over a digital one?
Image from NoThirst, a website I know nothing else about.