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Rant: People think envelope budgeting means hiding cash in your mattress
I had a coworker say cash only folks are just paranoid, until I showed her my 5 envelope system from last month with $320 allocated for groceries and $80 for gas. She thought we just stuff cash in random places with no plan at all.
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the_beth3mo ago
Oh come on, envelope budgeting is literally just hiding cash in a drawer with a label. My grandma did that with her "egg money" jar on the counter. Five envelopes labeled groceries and gas is still just physical cash sitting around. You could lose a whole envelope. Or get robbed. Or your house burns down. At least with a card I have fraud protection and don't have to worry about the dog eating my gas money.
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zarapalmer3mo ago
And the whole point of envelopes is that it forces you to physically see the money leave, which is exactly what cards try to hide from you, @the_beth. You're right that cash has risks, but so does swiping a card and not realizing you spent $200 on takeout until the statement comes. I'd rather lose an envelope of cash than wake up to a bank notification for a subscription I forgot about.
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