If you’ve been around here long, you know we are pretty big proponents of using cash to help maintain discipline in your finances. We use the good old-fashioned cash envelope system, and have since we got married. For some reason, many of you think using cash is strange because we live in a plastic society (interpret that in a few ways if you like), so Stacy even did a video about our actual cash envelopes back in March to try to help you see how we make it work.
But what about those of you who refuse to use cash? Maybe you’re scared of having more than a few bucks on hand because they’ll burn a hole in your pocket. Maybe you’re convinced you’ll be mugged if you bring out a $50 bill to pay for groceries. Whatever the reason, many of you haven’t bought into the idea of using cash envelopes for certain budget categories and want to know if there’s an alternative. Well…yes. [Read more…]