With the envelope method, you put cash for flexible categories into envelopes. When an envelope is empty, spending in that category stops until next month.
How
- Use it for flexible categories like groceries, eating out and fun
- Keep bills on autopay from your bank account
- Digital versions use separate savings buckets or accounts
- Carry leftovers forward or move them to savings
Watch out
Carrying a lot of cash has risks. Keep only what you need for the week with you.
General educational information, not personal financial advice. The Thrift Ledger isn't paid by any bank, lender or budgeting app.