What Is Envelope Budgeting in 2024 | Modern Technique Explained

What is envelope budgeting and how can it help with personal finances? In this video, Doug Hoyes, of Debt Free In 30 podcast and co-founder of Hoyes, Michalos, & Asscoiates, explains what envelope budgeting is and a modern technique that might be easier to help manage money better.
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[@glennmorris6071]

We used the cash envelope system and paid off $107,500 of debt in 18 months.

[@jwg9338]

Envelope budgeting is the old-fashioned auto-pay