Cash Stuffing, Budget Envelopes, Categorizing & More

Seeking Advice Forum
1

Hi! To those who have been practicing the envelope system, I have a few questions. Please enlighten me! :smiling_face:

  1. Do you do the system after getting paid or do you do the stuffing after bills are paid?
  2. Do you categorize according to what you want to save for long or short term?
  3. Do you specify utilities like electric & water supply or do you just generalize to utilities?
  4. Are the utilities specified at all or should I say be included into cash stuffing?

Thank You, peeps!

2

I stuff after getting paid. I have preset amounts for each category. I categorize based on both long- and short-term savings and specify utilities in my budget, but I generalize other expenses.

3

I used virtual envelopes (additional savings accounts) instead of cash. I paid all bills due on payday and categorized funds for Christmas, car expenses, and other needs. Utilities were paid immediately, and I didn’t separate every category.

4

I only use the envelope system for grocery and entertainment. I pay utilities online but track them separately in my budget.

5

I cash stuff right after getting paid, setting aside for bills first. I categorize short- and long-term goals separately. My utilities are included in cash stuffing, with options to specify each type.

6

Many bills are on autopay, but I use envelopes for variable expenses like utilities to smooth out my budget. Envelopes can serve both long- and short-term needs.