#budget #cashenvelopes #sinkingfunds

Let's talk about why I don't use the cash envelope system! Overall, I think cash envelopes work great for some people, but for me, it wasn't a good fit. I didn't stay consistent with it, which is so important with me for staying on top of my budgeting, debt payoff, and savings goals.

Cash envelopes seem simple, but in practice, it's not always practical to buy certain things in cash. For example, I use curbside pickup to reduce my impulse spending, and that has to be paid for with a card!

While cash envelopes were a good system when we were first getting our budget under control, now we use a digital version through the sinking funds in our monthly budget spreadsheet.

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Thanks for watching!

xo,
Lo

**This video is not financial or legal advice. This is just me sharing my own experience with my debt and finances.

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