Budget With Me | Cash Envelope Stuffing + Cash Envelope Method

Рет қаралды 283,625

4 жыл бұрын

Stuff your cash envelopes with me! Today, I am showing you the step-by-step process I go through to stuff my cash envelopes every time I am paid.
I started using cash envelopes back in 2016, and it was an absolute game-changer for my budget. Cash spending was the missing piece that I needed to make my budget work for me in ways I never imagined. When I started using cash envelopes, magical things began to happen.
I was able to track my spending more efficiently, I was able to make more significant debt payments, I hit my goal of saving my first $1,000, I successfully saved more money and went on my first all-cash paid vacation back in May of this year, and so much more!
➡️ HOW I TRACK MY SPENDING: bit.ly/3aIe89I
➡️ MY WALLET (AFFILIATE LINK): bit.ly/2w4u5s9
➡️ HOW TO USE SINKING FUNDS: bit.ly/3gZ9poc
➡️ SINKING FUNDS ENVELOPES: bit.ly/30rpr4D
➡️ THE BUDGET MOM'S FINANCIAL FREEDOM STEPS: bit.ly/3cfJXsp
➡️ HOW TO GET STARTED WITH THE CASH ENVELOPE METHOD: bit.ly/2vQJaO5
➡️ SUMMER THEME CASH ENVELOPES: bit.ly/2MC7Ezu
➡️ CASH TELLER SLIPS: bit.ly/2XDKgYz
ABOUT ME
I'm the blogger behind www.thebudgetmom.com. I have a rambunctious 6-year-old son, live in Washington, and I'm passionate about helping people with money management and personal finance. Let me know what you like to learn more about! Leave me comments and suggestions on my video and let me know!
YOU CAN FIND ME AT:
📝 BLOG: www.thebudgetmom.com
📘 FACEBOOK: / thebudgetmom
📸 INSTAGRAM: / thebudgetmom
📌 PINTEREST: / thebudgetmom
GET STARTED
➡️Start Here: www.thebudgetmom.com/start-here/
➡️Free Email Course: bit.ly/2UYgNFf
➡️Free Resources: bit.ly/2PDmTHz
➡️GET 10% OFF my popular Budget-by-Paycheck Workbook - Coupon Code TBMKZfaq bit.ly/2CR7U9n

Пікірлер: 336

@LindaASJ 3 жыл бұрын

I worked retail for 35 years and watching you turn that money every which way made me crazy, lol

@nitaprice5332 4 жыл бұрын

I am a visual learner, this was a great video.

@dianabusby420 4 жыл бұрын

I always like watching your "how to" videos even though my amounts are much less than yours. I add $5 to each sinking fund every Saturday, but I'm still seeing growth. I get paid every week and this method has saved me from using my credit card on several occasions this year.

@nightcorelove2626 4 жыл бұрын

I add only once a month 5€ to most of my envelopes

@xeniamundi7514 3 жыл бұрын

Every cent/penny COUNTS! It all adds up.

@sandraholmes4262 2 жыл бұрын

Ditto

@sandraholmes4262 2 жыл бұрын

Confused on sinking fung

@dianabusby420 2 жыл бұрын

@@sandraholmes4262 sinking funds are things you want to save for that might put you over your budget if you didn’t save a little each month, like Christmas, birthdays, and vacations. When you set aside a specific amount for each item, you don’t have to come up with a large sum of money all at one time.

@feliciagrande128 3 жыл бұрын

When you realize here in Canada, we don’t have $1 bills, but $1 coins... making it a hell a lot more heavy to do this system😭

@xeniamundi7514 3 жыл бұрын

Seriously, this is where you think outside the box. Australia has $1 denoted in coin too. So I do $5.

@stephaniethomasson8812 3 жыл бұрын

Make your budget $5 based so you can use bills

@feliciagrande128 2 жыл бұрын

@@MarysCashStuffing 😭😭😭

@hs2oca 5 ай бұрын

I use a cashless system that involves board game money. 😂 Every dollar matches a dollar in the bank. I also create my own challenges and envelopes and budget based on $5 increments.

@bennoahdawson5474 3 ай бұрын

Slovakia and countries in the Eurozone have coins as well: • 1, 2, 5, 10, 20, 50 cent coins (1 & 2 cent coins are "eradicated", they're not accepted and evem vending machines reject them), • 1 and 2 euro coins, • 5, 10, 20, 500, 100, 200 euro bills. I keep saving up my coins (except 1 & 2 cents) to condense to at least 5 euro bills, so it's tough 🤣

@karenmarley9096 4 жыл бұрын

When I get my money home, I "play bank". Just like the game Monopoly, I make a pile of 100's, 50's, 20's, etc. Then I stuff my envelopes. It makes it easier for me. Great video.

@deidramyers 3 жыл бұрын

Oh WOW! Now THIS is an idea I can rock wit! Do you vids on this? Nm Bout 2 watch ur channel

@KAAKKK 3 жыл бұрын

Literally what EVERYONE else does already

@xeniamundi7514 3 жыл бұрын

I play bank too....and pretend to buy Mayfair ;)

@michelleadams5609 2 ай бұрын

This is the luxury of pre-inflation. Those were the days.

@michaelespinoza3828 3 жыл бұрын

This is great, I follow Dave Ramsey and it’s been working great, but all the nitty gritty details to make the baby steps into black and white practical steps takes practice. I have my method down after months and she just presented it clean and organized in 20 min 👍😁 awesome!

@alyssahemminger200 4 жыл бұрын

I just have to say this video is a LIFE SAVER!!! I am a new college graduate and am looking to get a head start on my life by budgeting! I have been researching methods the past couple of days but I am seriously sold on this method. It's visual and keeps a hard look at what money you do and don't have! Thank you for helping me!

@jeniferj 4 жыл бұрын

@13:08 "as you can see, my christmas envelope broke on me, cuz it is 🎶 so full of munnneeey🎶😏 #happymiko Side note: I write this because this is a little moment of celebration for how long she has been saving this money for. We all have a moment when we sing when we see us reach a sinking fund goal or see it growing. Please know I am not mocking Mico I think it's great how she's managed her money so she can have a moment of Celebration and knowing she will have Christmas covered financially :-) Hi-5 Miko!😁🖐🤚✊👊🤜🤛👊🖐👍

@Cclaudia228 4 жыл бұрын

Yesss I loved seeing the full process. The cash stuffing and coloring in is the best part and I understand why you normally spend it up but it’s so satisfying

@morgansmith1071 4 жыл бұрын

I love that you're planning for next year already, I love watching your videos to a debt-free lifestyle. I wish I learned this even sooner!

@pollydolly9723 4 жыл бұрын

These videos are so important, thanks Miko!

@ViviansLog 4 жыл бұрын

“Cause it’s so full of money” 😂😂😂😂 ILYSM that cracked me up.

@nataliecaldera020 3 жыл бұрын

If you are consistent, it's exciting to see how much you have saved for your sinking funds. Love your videos! Best wishes and keep at it Kumiko!

@heatherjohnson5612 3 жыл бұрын

My gosh I am SO glad I found you!!! There is hope for me yet!!! Thank you for being so clear!!!!

@louslifestyle7878 3 жыл бұрын

You actually inspired me to start my own budgeting journey and I used your videos for research so thank you so much!

@jessicawhite3896 4 жыл бұрын

Love the "online shopping" envelope.. great idea!

@tammmygraves4317 2 жыл бұрын

I envy your method for saving money and spending!!! My concern is ithe cash envelope system, I hope you keep these cash envelopes in a safe when not in use!!! Fabulous ideas for spending money this way!!

@michellemorales401 3 жыл бұрын

Miko, alrightie.... I'm FINALLY READY!!! lol I've been tweaking and perfecting our budget for a few years now and 2020 has really taught me where we WANT our money to go and where it HAS gone! Using ALL the info from my "Where did my Money go worksheets" I now know just how much to pull into our Variable spending, our Sinking funds and also towards our extra debt payments and 2021 Savings challenges. 💙💜💙

@lisadavis7055 2 жыл бұрын

I love how organized everything is. I'm all about organization

@Carolina-wt6be 4 жыл бұрын

This is Amazing and life changing! Seriously, God bless you.❤️

@krystallandrove 4 жыл бұрын

I loved the video! Loved how you broke it down really well. Thank you as always for all of the great content and help with budgeting.

@IvelisseMelendez 4 жыл бұрын

Love this! Super proud of how far you’ve reached! 🥳👏🏼👏🏼👏🏼👏🏼

@tinaturull3793 3 жыл бұрын

Budget Mom, I Love your videos, I just ordered your Paycheck binder and can't wait to receive it. I have a son who is Schizophrenic and all my 401 k went to his treatments. I am 63 years old and starting over.

@sandralauersdorf6268 3 жыл бұрын

The cash teller slips are a brilliant idea!

@opchick0597 4 жыл бұрын

I have your cash breakdown slips...my tellers love them.

@kindredkori2916 4 жыл бұрын

This video was exactly what I needed! Answered all my questions 🙌🏼

@gladysaviles8610 4 жыл бұрын

Thanks. Now I have a clearer picture for stuffing my envelopes. 💜

@fashionablebri 3 жыл бұрын

Wow! This is a game changer. Can't wait to try this method out!

@michellemanriquez121 3 жыл бұрын

I am a visual learner too! I love this tutorial very much. 😘

@budgetfoursuccess 7 күн бұрын

I love how simply you put this! Love the video! 🥰💙

@TammiCubilette 2 жыл бұрын

You’re so smart! Kudos to you for taking charge of your finances and not being afraid to track your spending. I’m like an ostrich when it comes to my finances. I’m so afraid to deal with money.

@TonTreyMarc 2 жыл бұрын

You give such a clear explanation of the breakdown of envelopes, etc. Me like you..lol. I really enjoy your videos.

@kathystevenson6691 4 жыл бұрын

Thank you for explaining things so well. It’s hard to follow some videos when parts are skipped. Very informative and easy to relate to.

@SheShenice 6 ай бұрын

Great video! Creating sinking funds for a year in advance is genius. Thanks for such a detailed explanation on everything!

@justrollitinglitter 2 жыл бұрын

I wish I had found this video when I was starting out as I struggled a lot in the beginning. Great video. I have recently started my own KZfaq journey to share my experience with others.

@michaelstratton7826 2 жыл бұрын

You’re so organized-I’m trying to do the same-like your setups-signed up for your class and bought the book! Listen all the time!👍

@kimberarchuleta1689 4 жыл бұрын

So glad I found you! Hugs from Montana

@mochad2550 4 жыл бұрын

Yay! I needed this!

@jennavee7528 3 жыл бұрын

i wish i could be as organized lol your cash envelope are so cute great video i love how you explained it and showed everything

@angelahall1643 3 жыл бұрын

When do you plan on having the budget by paycheck workbook available? I've been wanting it for months. So excited for it!

@mj482 4 жыл бұрын

Im currently working on my monthly budget and color coding after seein one of your videos of weekly paychecks. And how to allocate your paychecks to cover other bills for next month. Thank you so much. I can't wait to get back on track with my sinking funds.

@SelenaGuzman 4 жыл бұрын

Chaparra J. Which video did you watch for the weekly paychecks

@melissa5844 3 жыл бұрын

I love how you teach us to save but I live day by day because I don't know about tomorrow. I save for my current year.

@monitsu_ 3 жыл бұрын

This is a really helpful video. I love it! 😍

@capriceharris2430 3 жыл бұрын

Yessss lol when you started talking about the denominations very specific detailed

@DLM440 3 жыл бұрын

I worked in a bank on cash for 15 years. I would have LOVED if even one customer was that organised to hand me cash notes breakdown. Instead they call it out- so irritating! Just hand me the breakdown of denominations you want

@christinaknepp6015 4 жыл бұрын

Maybe Ryen could do a stuffing cash video too with her budget??

@paulacroly8865 4 жыл бұрын

Oh I'd love to see that aswell

@allthingskaylee 4 жыл бұрын

Christina Knepp yes to this!!

@ItsJulianneDuh 4 жыл бұрын

Yes please!!

@krystallandrove 4 жыл бұрын

Yesss :-)

@gladysaviles8610 4 жыл бұрын

Me 2

@LifeBetweenTheDash 4 жыл бұрын

Great video. That made it clearer for me. Thank you.

@jascoleman9372 4 жыл бұрын

On day 4 of the online class. That expenses I should budget for but don’t omg. I think I emailed you last week and you told me about it. Thanks Miko - Jasmine Coleman

@free2flybudgeting 2 жыл бұрын

Your simply the best!

@sethbender2863 3 жыл бұрын

This was a good video. But I was a little stressed out. I budget but this is a whole other level. Some of these I would just have in savings for like next year birthdays and things but you do you I guess

@truthspeaksgroup1569 3 жыл бұрын

This is phenomenal! Thank you!

@flovd2581 2 жыл бұрын

Great tips. I use the cash envelope system for my monthly expenses but I don't use it for challenges or savings as I don't feel safe walking around with so much money. I automatically transfer the money on a specific account and I write everything down.

@family-peace-love 3 жыл бұрын

This was very helpful. Thank you!

@pri.sci.lla. 4 жыл бұрын

I am going to start cash envelopes soon! With my side job

@PMAngst 3 жыл бұрын

That's an amazing demonstration. I love it. New sub here!

@sylviahernandez9412 4 жыл бұрын

Love it thanks Kumiko! #GOALS

@terryfaith1705 3 жыл бұрын

Oh My God, you are sooo good. How i wish i came across your channel earlier.

@alethlumagbasboniol4473 2 жыл бұрын

Great video! Thank you for sharing!

@tamikajames9206 4 жыл бұрын

Really enjoy your videos:)

@ktsterlin9304 3 жыл бұрын

I’m not an envelope user but these cute envelopes might change my mind.

@nancydesigns6983 3 жыл бұрын

I think thats why I started to use this method lol

@fourdayhomestead2839 3 жыл бұрын

I'm glad I found your channel.

@PrincessDiana1256 4 жыл бұрын

Wonderful video. Interested in where that yearly tracker sheet came from AND the envelopes. Wonderful.

@xoxoleahxo 3 жыл бұрын

Great video!!

@deeb1636 3 жыл бұрын

I love your videos, they’re keeping me focused on my debt journey! Where can I get a wallet like this with the envelopes?

@TheBudgetingButterfly 4 жыл бұрын

Wow great video. Very informative

@SunshineSM877 4 жыл бұрын

Thank you for taking the time to explain so clearly. I am new to cash envelope stuffing and have started clothing and beauty categories because I noticed I over spend in skincare products and underspend in clothing category.

@deborabuarquefriaspasserin5930 4 жыл бұрын

What would go in the household category? Like cleaning products? Love you and all you already taugh me! Thanks so much ❤️

@janiec3915 4 жыл бұрын

That's what I use my household category for: cleaning products, paper towels, aluminum foil, detergents, etc.

@jennifermomjian3406 4 жыл бұрын

I love your videos! You’ve helped us so much with budgeting and saving. Are you still going to post the video on your nails?

@thebudgetmom 4 жыл бұрын

Yes, we will be posting that on Wednesday :-)

@DaintyDaphne1 3 жыл бұрын

New subby here for the new year ! I got to get my budgeting and savings life together 💕

@emilycooper5858 4 жыл бұрын

Totally random, but I love your pen. I am so picky with my pens, and the one you use looks like one I would use because of the grip.

@krystallandrove 4 жыл бұрын

I am so glad I wasn’t the only one lol. I loved it too. I’m a particular person when it comes to pens 🖊 and I just want to get that one :-)

@emilycooper5858 4 жыл бұрын

Krystal Landrove Thank goodness I am not the only one!

@mariettasperry9221 4 жыл бұрын

I really like your desk / office furniture, might you provide a link for it? Most filing cabinet desks are unattractive. Love yours and your office chair!

@chaoscoffeeandcusswords1335 3 жыл бұрын

I love your videos! But my OCD is crazy when you don’t bank face the cash! 🤣 Keep up the good work! ☺️

@dulcegarcia-pd4dq 3 жыл бұрын

I need to print those papers and envolopes. Please help me. I tried to do it before, but with you I learned in the best way for my life style.

@KillingTheUnsaid 4 жыл бұрын

I really need this book!! Do you have a monthly budget one? ! I tried making my own but yours is so great!

@KillingTheUnsaid 4 жыл бұрын

@@aitch9185 I got her printable download and I LOVE IT!!!

@heatherklippel1741 3 жыл бұрын

Oh my goodness. i love this idea. Are there any budgeting apps for mac that you would recommend?

@jmgirard7 2 жыл бұрын

I really need to start doing this with my food, fun, and pet expenses. Although I find for groceries, I spend less when I do mobile pickup vs shopping in store. Easier to track total and not throwing in random "ooh that looks cool" junk. Just started a new job that pays me weekly so great opportunity to get this going. I'm going to start next month so that way I can get familiar with the new income and timing. My only issue with the system is that I'd rather put sinking funds in a savings account so I can earn interest. My credit union (BECU) lets me split up the amounts into categories so I can see my goals.

@candy2325 2 жыл бұрын

Yup same here. Once I started my new job awhile back I did this system and it works.

@jenniferrosenthal7731 5 ай бұрын

I have separate accounts under my high yield savings. They are the accounts that I don’t touch much (once or twice/yr) Other sibling funds stay as cash because I need to access them more often and the interest earned on those would be nominal. I have 10 sub accounts on my high yield account.

@lisalacroix4780 4 жыл бұрын

I love the Costco and house envelopes. Will you add them to the shop?

@flairse1124 4 жыл бұрын

Thank you for this clear video!! Can you tell me how to track an expense made with a debit card and reimbursed with the cash envelope. Do you write on your account tracker or your cash tracker? or both? Thank you 🥰

@thevictoriagoogin 4 жыл бұрын

You'll track the amount you pull out of the cash envelope. I dont note an even trade on my checking tracker bc it's a wash

@bloomer737 4 жыл бұрын

I’ve just started watching your channel. Love the content. I ordered the live rich planner and can’t wait to get it. I have watched a few envelope stuffing and wonder ... what do you do with the change? Sorry guys if that’s a silly question.

@meghanhurtado1147 4 жыл бұрын

She explained in another video she puts her change in a jar and she makes a deposit into her son's college savings account I believe like once a year. If you need it you could just put it in the envelope and use as needed.

@dustinmccarey1959 4 жыл бұрын

I put it i a jar and will deposit it toward a savings goal when it gets full.

@bloomer737 4 жыл бұрын

Thanks,

@ciaramcelroy420 4 жыл бұрын

I put all my coins in to saving tin and thats for Christmas food shop x

@sherriarnone-wheat3634 3 жыл бұрын

Do you carry the whole Filofax wallet with you when you're out, or take only relevant envelopes? I found the envelope system well thought out, and cleaner than what I'm using now. Thank you for this video!

@sergiocaldera8797 4 жыл бұрын

Hi !! for the sinking funds evenlopes do you track on the visual worksheet too how that works ? are you making new sinks funds envelopes? i’m tempting to buy this ones you have

@MelissaSeQuoya 3 жыл бұрын

You can switch out a lot of the little bills for bigger bills to keep the envelopes from breaking 💋

@shirleyjohnson7284 4 жыл бұрын

Miko like your channel. I can relate to how you do the budgeting. I was looking at some of your video's and i was kind of confused as to how you get the amount on how much to save when doing the Sinking Funds every month?

@krystallandrove 4 жыл бұрын

She has done a video about it where she takes her amount goal, then divides that amount by the number of months/paychecks she has before she will need that money. So let’s say you get paid monthly, and you want to save $1,000, you need that money in the next 10 months, you do $1,000/10months = $100/month.

@paulacroly8865 4 жыл бұрын

I purchased your new planner I'm so excited and anxious that I wont do it right as my budget and living in Dublin with euros things are very different. I'm only tracking my wages as we have separate accounts we have our Bill's anc my husband has his Bill's as in the car his insurance and tax and anything to do with the car he gives me money every month for our Bill's I get paid fortnightly so I'm a bit 🤪🥴

@nightcorelove2626 4 жыл бұрын

I also do it in € , that should not became big disadvantage

@rachelannelopez805 4 жыл бұрын

So you just carry the variable envelopes in your wallet and leave the sinking funds envelopes at home? It seems like a good system- just trying to see how that’s better than having it in the bank. Love the colorful products.

@MamaRomm 4 жыл бұрын

Hi Miko! Love your videos, I’ve been watching your channel for almost 2 years now. I had a couple of questions..... my husband and I have 10 sinking funds ranging from medical, gifts, holidays, car maintenance etc....... how do you budget those with your cash stuffings?? I noticed there weren’t things like your birthday, thanksgiving, gifts, and other things like that.... do you rely on Misc to cover those?? I want to reduce the amount of sinking funds so I’m only curious your thought process and whether I can implement that to my finances and reduce envelopes. TIA!

@maryooliss 4 жыл бұрын

I don’t know about Miko, but I only use cash envelopes for things I spend on monthly. I also have one envelope called “Annual Fees” which covers ALL the stuff I pay once or twice a year. I just deposit what I need from there into my checking account each month. Finally, I have a separate bank account (through Ally) that lets me create “Buckets”. I use that account to save for my Sinking Funds, like gifts, new car, home/auto maintenance, vacations, etc. It lets me decide how much money is in each “bucket”/category/sinking fund but I only have to have one account.

@absolutemalmaute9592 4 жыл бұрын

When you spend do you write what you spent on the envelopes too?

@wendyk458 4 жыл бұрын

I pay for just about everything with my credit card to get cash rewards, and I always pay it off by the end of the month. I use the cash envelopes and when I make a purchase, I pull out the cash from the corresponding envelope and put it into my online shopping envelope. I then deposit it in my checking account to pay on the card. What expense tracker do I record my transactions on, the Cash Expense Tracker or my Credit Card Tracker?

@jackiefoster6846 4 жыл бұрын

If you was going to pick two planers one being ( bbp ) what would be your other choice?. Thank you.

@Thesolishouse3828 3 жыл бұрын

I wish you would have showed us how to document that on your cash expense tracker. Do you put the total you pulled out in cash on the cash expense tracker, or do you only put the amount that is going into your variable expense envelopes?

@viry4110 3 жыл бұрын

Do you know when you paycheck budgeting book would be available? I really need it before next year.

@Ben-li6se 3 жыл бұрын

In watching this June video using cash, does this mean you went back to cash envelops instead of cashless envelops that you started in April? Thanks for your reply.

@kaylapawlik1997 4 жыл бұрын

Will you be adding the new house sinking fund envelope for those people that already purchased the envelopes?

@rjcmjconnet 4 жыл бұрын

More and more places are not wanting cash due to Covid, or they’re wanting exact change because of a coin shortage. What do you suggest in this weird time we are dealing with? Do you suggest getting several different prepaid cards for each category? Is there something else you would suggest?

@vickiwatt9366 Жыл бұрын

What binder do you have. I love the color. Is it a filofax?

@shannonland1137 3 жыл бұрын

Poodle is so cute

@ritaochoa8357 4 жыл бұрын

Loved the video. Can you break down your starting balance amount? I’m a little confused what you rolled over from May. Bc if it’s from your left over envelope money, that money is not in your checking acct but in your envelopes. Thank u.

@krystallandrove 4 жыл бұрын

When she does her may close out, she decides what’s she’s gonna roll over. Then on her June paycheck, she adds a line with the total she rolled over from May. So paycheck would be one line, roller over cash would be another in the income section. Then on the tracker, she starts with what ever amount she rolled over as a starting then marks the stuffed amount as a transaction.

@Stri89 2 жыл бұрын

Hello, how is it budgeted when using the sinking fun, for example for birthdays or Christmas?

@chinny5499 3 жыл бұрын

On the cash expense tracker where did you get the figure $501 from? On the top line.... highlighted

@kimpossible082503 Жыл бұрын

I’m new to the budget mom channel and I will say I’m addicted. Are those sheets in the planner you created? Or did you buy that planner from somewhere?