Cash Envelope Stuffing • Wallet Only
I’m so happy to come back and update you guys about this journey to become financially free. I didn’t quite realize how much my finances were in shambles. Let’s start with the things that I’ve done right. I find if I focus on the things that I’ve done wrong it starts a negative cycle and makes me lapse into my old ways! I would probably need to talk about that in another post, in general if I find myself feeling overwhelmed I relapse into negative habits and negative thought patterns. As I’m on this journey to become a better steward of the gifts God has given me I know that the negative thought patterns and habits will be removed! Amen!
The first thing I’ve done right is have a retirement account. I’ve been in the environmental science/water conservation field for about 10 years. I’m surprised by the amount of people in their 30s that do not have at least one retirement account.
I also have investment accounts. I am by no means knowledgeable about the stock market, but I do put money into my ETFs like iShare S&P 2000, & Vanguard S&P 500 biweekly. I also have some individual stocks that I invest in like Meta Platform, Amazon, Sentinel One, and Apple to name a few. I think this goes without saying, but I am not giving anyone financial advice. I am telling you a few stocks that I’ve put my money in, and I would recommend that you only put money into the stock market that you can afford to lose. If you can’t afford to lose any money or you don’t have an $1000 emergency fund I would recommend that you focus on that.
I know a few financial advisors like Dave Ramsey tell you to build up your emergency fund first and pay off debt first, but I would say do what feels right and comfortable for you. I am currently in consumer debt and student loan debt but I’ve decided that I’m not going to let that hold me back from investing.
Another thing that I’ve done right is go through Financial Peace University. I really enjoyed going to the classes and meeting new people on different levels. I personally needed it. I needed a wake up call. I needed someone to hold me accountable. As I went through this course, one of the things they introduced you to is cash envelopes stuffing this was a concept that was foreign to me. I always use my card for everything. When I initially went through the course about three or four years ago, I was able to pay off credit cards and get a hold on my finances. I stopped using the system and the same credit cards that I paid off I ran back up.
The video at the top of this post shows what my current cash envelope system looks like for my wallet that I carry every day. I have an A6 binder that I purchased from Hobby Lobby that I use as my wallet. They do have smaller wallets like an A7 that you can use, but I prefer the A6.
Products used in the video ⤵️
A6 Binder: Hobby Lobby • The Paper Studio
Pink items in my wallet are from Krafted by Koko 🌸
Savings Challenges are Etsy finds ⤵️
Hello Kitty Date Night Savings Challenge
Thank you so much for stopping by! Please check my other post: 5 Step Budgeting, Dedt Snowball, Biweekly Budget!
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