The cash envelope wallet system is a simple way to budget your money. It helps you keep track of what you spend, and it is easy to use. Plus, it’s an amazing way to curb overspending. In this post, we’ll cover the best cash envelope wallet system and how you can use one to save money regularly.
We’ll also dive into some of our favorite cash envelope wallets that make budgeting fun and easy!
What is the cash envelope wallet system?
The cash envelope system is a budgeting strategy that helps you save money and track your spending. It involves setting aside a certain amount of cash each month for different categories of expenses, such as groceries and eating out, clothing, entertainment, and recreation. You can also use the cash envelope system to plan savings goals. For example: If you want to buy new winter boots this season, set aside $100 in your “winter boots” envelope every week until you have enough saved up for them.
The key is having envelopes (or zippered pouches) labeled with categories that match the types of purchases they hold. The size will depend on how much cash you’re planning on putting into each envelope at once; generally speaking, if it’s $100 or less per week then an enveloped system would work best for tracking expenses effectively so long as nothing unexpected comes up during the course of a month (like needing medical care).
Benefits of using a cash envelope wallet
- Keep your money in a safe place.
- Easy to keep track of your money.
- It helps you save money.
- It Helps you on your budget.
- It helps you spend money wisely.
- With an envelope, You are more mindful and conscious of your spending.
1. Conscious Wallet Cash Envelope Binder
The conscious wallet cash envelope binder is a fantastic envelope for anyone who wants to manage their finances better. If you spend more than you have and constantly dipping into your savings for small purchases, this system will help you get back on track. It also works well for saving up for larger expenditures such as vacations, weddings and buying a car.
The Conscious Wallet Cash Envelope Binder comes with 52 premeasured envelopes (2 pages per week) that can be used to separate money based on how much is being spent or saved each month. For example:
- Groceries – $300/month = $50/week = $10 per envelope
- Gas – $100/month = $25/week = 2 envelopes
- Cable bill – $75/month = 1 envelope
- Car payments – 2 months = 5 envelopes
2. Rachel Cruze Wallet
If you’re looking for a more traditional, organized system, the Rachel Cruze Cash Envelope Wallet is another great option. Rachel Cruze is a famous blogger and podcaster in the personal finance space. Her namesake company has been around for over 10 years and produces high-quality products to help people manage their finances.
This wallet comes with 40 cash envelopes, so it should last you quite a while before needing to buy refills (they’re available on Amazon). It also comes with three zip-up pockets that fit credit cards and/or paper money folded once or twice (meaning it’s compact!).
The main drawback of this envelope wallet is that it can be rather bulky; if you carry around lots of other things like keys or makeup, this may not be the best option for you. Additionally, because it’sit’s made out of leather (which isn’t waterproof), some users have reported water damage after using this product through rainstorms or snowstorms!
3. Magicfly Cash Envelope Wallet
It’s time to stop searching for your cash. The Magicfly Cash Envelope Wallet keeps your money organized and accessible whenever you need it. Simply slide in a stack of bills and pull out whatever amount you need—the rigid design prevents curling or folding of the bills inside, so everything stays neat and tidy. The sturdy elastic band allows this wallet to expand as needed and keeps everything secure when closed.
The Magicfly Cash Envelope Wallet can be a helpful tool for anyone who wants to keep their spending under control by keeping track of how much money they have spent throughout the month or who just needs somewhere to store their loose change when they’re out at restaurants or bars.
4. Savvy Cents Wallet
The Savvy Cents Wallet is a cash envelope wallet that is made of durable, high-quality materials. It has a sturdy zipper and a clear pocket on the front for your ID or business card. The back side of the wallet has a clear pocket for receipts and cards, as well as two open pockets for bills. Finally, the wallet has four bill compartments where you can store cash envelopes!
5. Divvy Up The Savvy Spender Wallet
The Divvy Up The Savvy Spender Wallet is a cash envelope wallet that is designed to help you save money. This wallet has an accordion-style construction with a zipper enclosure and a credit card slot on either side. Each of the six compartments inside can be used as an individual cash envelope, or they can all be combined into one large compartment for carrying multiple types of items at once (like coins, bills, and even receipts).
6. Expanded Horizons Cash Envelope Wallet
The Expanded Horizons Cash Envelope Wallet from Minted is made of sturdy cotton canvas, and it comes with 16 slots for cash envelopes. The four credit card slots inside are ideal for keeping track of any rewards points or credit cards you use regularly while allowing ample room in your purse or wallet. You can use this wallet to organize your money by giving each envelope a different purpose—one for bills you need to pay, another for gifts you’re saving up for, and so on.
The Expanded Horizons Cash Envelope Wallet has an additional zippered pocket and an open pocket that allows users to store receipts, coupons, and other things they need easy access to at all times (like keys!). It also includes a key clip and pen loop, so everything stays neatly organized within the wallet; there’s no need to dig through piles of random items in your bag!
7. Kate Spade Cash Envelope Wallet
The Kate Spade Cash Envelope Wallet is a great way to keep your cash, cards, and more organized. This wallet has a main pocket for cash and six pockets for cards. The center opens with snaps so that you can access everything at once. The color scheme is consistent with leather trim on the outside of the wallet.
Open the wallet to reveal an interior cash slip pocket and three card slots. The center compartment can be used to store cash and a few other essentials, while the two card slots on either side are perfect for storing debit and credit cards, IDs, gift cards or other small items.
This wallet is a great choice for anyone who wants to keep their money, cards, and receipts organized while also looking stylish. You will love how easy it is to access your cash with just one hand! The gold-tone hardware adds an elegant touch to this otherwise simple design.
The wallet comes in various colors and patterns, so you can choose the one that best suits your style and personality!
8. Bella Taylor Cash Envelope Wallet
The Bella Taylor Cash Envelope Wallet is a great way to stay organized when it comes to your finances. It has a place for everything you need, including: bills and coins, receipts from online shopping and other purchases made with credit cards, as well as coupons or gift cards that you want to keep handy. The wallet also includes an expandable pocket on the backside which can hold larger items like tax documents or airline tickets.
The Bella Taylor Cash Envelope Wallet is made of durable canvas material that makes it easy to clean if something spills on it (which could happen if you are carrying around some cash), but at the same time gives the wallet a professional look when carrying around more than just your car keys and ID badge at work!
9. All-in-One Cash Envelopes Wallet
The All-in-One Cash Envelopes Wallet is a great option for people who want to use cash, but also save money. This wallet has a built-in envelope system that makes it easy to organize and budget your spending. This All-in-One Cash Envelopes Wallet is a great size for use in most purses. It’s stylish and makes it much easier and faster to use cash envelopes than ever before. The wristlet strap makes it easy to carry the wallet around with you wherever you go, no matter where your travels take you!
You can easily slide cash in and out of the envelopes, which are labeled for easy identification:
- Groceries (up to $100) – Use this envelope for groceries, gas, or other necessities you need regularly.
- Bills (up to $200) – Use this envelope for fixed bills like rent or utilities and not-so-fixed bills like entertainment or dining out with friends.
- Rainy Day Fund (up to $300) – When things get tight at home—or when an unexpected expense pops up—you can pull from this envelope without having to worry about going into debt
Try one today to save money!
There are many benefits to using a cash envelope wallet system. You will save money, have better control of your spending and be able to track where your money is going. It is also very simple to set up, making this the perfect tool for teaching kids about budgeting and saving money.
Cash envelopes are just like any other envelope except they are made of durable paper, plastic, or leather material that has been premarked with lines or squares indicating what category of expenses it should be used for (for example: groceries, entertainment, etc).
To get started using these envelopes, you will need a binder with pockets designed specifically for holding them (most binders come with two pockets per page). Once you have purchased all the items needed, simply fill each one up with cash until it is full enough to cover all of your expenses during that week/month/year – depending on how often you want them refilled! When shopping at stores simply pull out the correct amount from its respective slot so there’s no more looking back at old receipts wondering if you spent too much on food last month because now I know exactly how much my grocery budget was.
Conclusion
Cash envelope wallets are a great way to get your finances in order and save money. They’re easy to use and can help you get more organized. Plus, there are lots of different options out there so you can find the one that works best for you!
