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#Cash envelope categories list free#

Christmas money budgeting: You can print out a different envelope for each person your child is going to buy for, to help them stay within their spending budget per person (and avoid running out of money before they get to someone on their list!).

Specific store transactions: You could help your child not make impulse purchases by printing out a kid cash envelope each time they’ve saved and are ready to make a store transaction, and writing the specific item they saved for on the outside of the envelope.

Keep your spending money away from your saved money (physical separation of these two works best for us adults, too!)Īlso, these envelopes can have other uses – because let’s face it, your child doesn’t have a ton of category-specific spending they need to do each week or month.

Be able to visually see how much money is left in a particular category for a duration of time (for the week, until payday, for the month, etc.).

Put a hard stop on overspending the amount they meant to for a particular category.

Which means they’ll likely be carrying around cash at certain points – perhaps not every day, like us adults do – to make store transactions.īy giving them envelopes to categorize various spending categories, it helps them:

Hint: if your kid hasn’t set up their budget yet, here are a bunch of free kid budget worksheets, teen budget worksheets and budgeting for kids information to help them do that. So why would your child be helped by this? Why Use Money Envelopes for Kids?Īfter a child creates their budget, they need to “express” that budget in real terms. When the money is gone, it’s gone, until the next fill-up (refill day). So, you could have an envelope for food, an envelope for fun, an envelope for gas, etc.Īs you spend money throughout the week and month, you take your envelopes with you and jot down how much you spent from that envelope (so that you can track how much you have left).

You take cash out of your bank account and fill each envelope with the money you intend to spend for that particular category. What is the Money Envelope Budgeting System?īefore we dive into why you might want to introduce a cash envelope system to your kids for budgeting purposes, let me briefly go over what the cash envelope system is.Ī cash envelope budgeting system takes your written budget plan, and translates it into actual cash in category-specific envelopes so that you can track your spending by category. Today, I want to go over one system your child can use to organize and spend their money by category: kid budget envelopes (aka, money envelopes for kids). That means they’ve gotta spend cash here and there for the things or experiences that they want.

Most kids are not using plastic to pay for things (and, I would urge them not to anyway because it’s harder for them to grasp the meaning of money and how it works if they use a plastic card to pay for things). Learn how your comment data is processed.And not just spend that money, but a way to organize their cash so that they’re not spending what’s supposed to be saved, nor dipping into funds meant for one thing to pay for an impulse item at the checkout counter. Notify me of follow-up comments by email. Your email address will not be published. Want to know where to get cute cash envelopes? Check out Etsy for some adorable envelopes that you can customize to your needs!ĭo you use the cash envelope system? If so, what are some of the categories you use for your envelopes? Leave a comment with them down below! Until next time! Right now I have about 13 cash envelopes that I am actively stuffing/budgeting for (I put those in bold). Like I said before you can make a cash envelope for anything that you buy or are saving up for. Check out these ideas for your cash envelopes! I don’t buy coffee that often, but when I do I take it out of my “personal spending” envelope. If you buy coffee out every morning, for example, it might make sense to have a “coffee” envelope. Do whatever makes the most sense for your situation. How specific your categories are is completely up to you.

#Cash envelope categories list free#