I hope this video reaches out to everyone needing help understanding the cash system and budgeting. I have been doing this for two years and it has saved my financial life and if I’m being honest it has helped my marriage! Loved this video! ❤
@@corrieshaffer4172 Oh my gosh, that is so kind of you and truly means so much! My goal is to help inspire and motivate others on their personal finance journey because I truly believe it can change lives… but I know sometimes it can feel overwhelming to start. So I just hope I can break it down for people so they have confidence to start. That’s so incredible that you’ve stuck with it for 2 years and that it’s had such a positive impact… congratulations!! 🖤
I don't know if I'll ever be comfortable cash stuffing (the thought of having that much money on hand makes me super nervous) but I do love that you explained about using a credit card when needed and repaying that bill through the cash by moving it over to the spent section so everything evens out. I've never seen anyone even present that as an option before I think it's incredibly clever!
@@wryterzblock I totally get that! If you are interested in the method but don’t want to carry around cash, you could always just set up everything (even variable expenses) as binders that stay at home and then use cards for the day-to-day so that’s all you need to carry. The system is actually pretty flexible. Thanks for watching and for the super kind words! 🖤
OMG!! *FALLS TO KNEES SCREAMS AT THE SKY* YYYYYYYYYYYYYYYYY HOW DID I MISS THIS VIDEO...NOOOOOOOO! 😭 WAIT I CAN WATCH IT NOW *JUMPS UP AND RUNS TO GET A 🍸 🏃♀️ sits in recliner swinging legs while watching my newly discovered video 🤗🥰 all is right in the world sip sip ❤❤
I am deceased from this comment. 😂💀 This video is now old in RUclips years… I’m actually working on an updated “complete guide” type tutorial video… probably up in the next 2-3 weeks. 🖤
I have been looking for a detailed explanation on how to do this and then come up short with other channels! I love your explanations! I do have one question though, how does this work with a husband? I am wanting to start this system come January. My husband has eagerly giving me control of the finances and has agreed to a weekly cash amount for his wallet, but I have a hard time believing my husband will have cash envelopes for separate purchases, and the last thing I wanna do is micromanage him. How did you get your husband on board and what do you do if he goes over his weekly cash amount or continues to rely on cards?
Hi there! Thanks so much for watching and for this kind comment! 🖤 Regarding your question, there are a few things we do. When I stuff income I am stuffing it for our household, meaning I blend/combine our income over the month. Then when it comes to purchases, first, he has his weekly spending allocation just like I have mine. He keeps that in his wallet. Second, he has access to all of our sinking fund and variable expense envelopes, so he could grab cash from them at any time. Third, and for most of his transactions, he usually just uses our credit card and I’ll move the money to reconcile for those card transactions he makes (as well as the ones I make). I make most of our household purchases but for those he does make, a card works great. If you want a more detailed explanation of how cards work with the cash stuffing system, I’ve got a video for that on my channel as well. I’ve also started filming our card reconciliations just this month and will be posting a total reconciliation video at the end of October to demonstrate how it actually works for us. Net - it was easy to get him on board because it didn’t really require a huge change in his behavior and I don’t really have to micromanage him - I just track what he does through our card activity and make sure I’m allocating for it within our overall household budget, and then his spending money is his to spend how he wants. I hope this is helpful for you - feel free to reach out with any other questions!
@@MissyMoney That makes perfect sense! Thank you for taking the time to answer! I will look for that video you mentioned and look forward to the reconciliation one at the end of the month also! New Sub here!
What a great video going into detail about everything! I have watched so many videos for beginners and this is by far the best one! Keep up the good work and good luck!
How do you catch up on bill's that you are behind on.would love to know how to do this and a simple way to go about this too! Thanks for any information. Thanks Emma that.
Hey Emma! This is a great question. If you have any bills that are behind, I’d try to get as many of them as you can to be put on a payment plan with whatever creditor they are owed to. Many times if you call, you can negotiate a monthly payment on the balance. If money is tight, as them what if the minimum payment you can make on a monthly basis. Then, I would treat those bills as debt categories, and make at least the minimum payment towards them to keep the bill (or payment plan) in good standing. Hope this is helpful! 🖤
I have a quick question. If I would like to start saving for the “one month ahead”, should I I be putting any extra money that is left from the week in that, or should I be putting a percentage of our paychecks to that? I hope that makes sense.
Hey Melissa! It’s a great question and totally makes sense. You can do either one. If the need to be one month ahead is more urgent (for example, if you are in a paycheck to paycheck cycle) then I’d recommend you treat it as a priority sinking fund, with a total sinking fund goal equal to one month of your spend/obligations, and I’d plan for it within your monthly goals and paycheck breakdowns, and put as much as you can towards it. If it is more of a “nice to have” goal (meaning you already have a buffer or emergency fund in place), you could do a one month ahead savings challenge. In this case, your savings challenge categories would be your bill and debt payments and then your savings challenge goals would be equal to one month’s cost. With a savings challenge approach, you could just use any leftover cash from your variable expenses. Good luck - you are rocking it! Let me know if you have any other questions! 🖤
May i know ur opinion on how should i budget for life insurance? I’m a student and my life insurance needed to be paid one-time every year so tht’s kinda a large sum. Or should i make it as a sinking fund? Thank you in advance 😭❤️
Really great question and yes you are exactly correct - any bills or expenses that are not monthly should be set up as a sinking fund. Insurance is a perfect example of that and that way you can break up that large sum into smaller contributions. Awesome job getting ahead of that one! 🖤
Hi Susan! Great question! I use leftover variable expenses as the funds for my savings challenges. If I only cash stuffed and unstuffed my variable expenses every two weeks, then I would just fill two weeks of the 52 week challenge at a time. (So envelopes 1 and 2 with my first cycle, envelopes 3 and 4 with my second cycle, etc.)
the fact that you paid to have this video shown is wild. it worked. but im turned off by it. Good luck to you, but i wont be subscribing and noting to not watch you videos. Paying youtube to push your content is inauthentic
Hi Dina! I am super new to RUclips and noticed this video was getting a lot of positive feedback from people organically, so I am testing a super small budget to try to help the algorithm pick up this video for relevant search terms. It’s all new to me, even the boosting side. So I’m just testing things along the way and learning what I can as a new creator. But if that’s not your cup of tea, I totally get it! Hope you have a good one! 🖤
I’ve been watching cash stuffing/budgeting videos for years and am going to start creating my own soon (when I’m finally comfortable enough to do so!) This video was so informative and easy to understand. You even answered some things that have been confusing me in my own journey! New subscriber here 😊
That is so kind of you, thank you so much! You totally should start doing videos! I have been cash stuffing for a while but just started being consistent with videos a couple months ago. I’ve found that it not only helps me be consistent and stay motivated, but it also feels so nice to have the support of a community. 🖤
I’m excited to start I just need to get my plan together and learn how to edit videos lol plus I’m super self conscious about my voice- i always sound uninterested and mean lol
You are a very good teacher! So far, the best step by step explanation of cash stuffing!
You are so sweet, thank you so much for this! 🖤
this is the best explanation video for beginners 100%
@@artdebt You are so super kind - thank you!! 🖤
I hope this video reaches out to everyone needing help understanding the cash system and budgeting. I have been doing this for two years and it has saved my financial life and if I’m being honest it has helped my marriage! Loved this video! ❤
@@corrieshaffer4172 Oh my gosh, that is so kind of you and truly means so much! My goal is to help inspire and motivate others on their personal finance journey because I truly believe it can change lives… but I know sometimes it can feel overwhelming to start. So I just hope I can break it down for people so they have confidence to start. That’s so incredible that you’ve stuck with it for 2 years and that it’s had such a positive impact… congratulations!! 🖤
I don't know if I'll ever be comfortable cash stuffing (the thought of having that much money on hand makes me super nervous) but I do love that you explained about using a credit card when needed and repaying that bill through the cash by moving it over to the spent section so everything evens out. I've never seen anyone even present that as an option before I think it's incredibly clever!
@@wryterzblock I totally get that! If you are interested in the method but don’t want to carry around cash, you could always just set up everything (even variable expenses) as binders that stay at home and then use cards for the day-to-day so that’s all you need to carry. The system is actually pretty flexible. Thanks for watching and for the super kind words! 🖤
I’ve watching budgeting videos for years and your video is really great at explaining budgeting for beginners.
@@utiosorio4201 Thank you so much for these kind words! 🖤
OMG!! *FALLS TO KNEES SCREAMS AT THE SKY* YYYYYYYYYYYYYYYYY HOW DID I MISS THIS VIDEO...NOOOOOOOO! 😭 WAIT I CAN WATCH IT NOW *JUMPS UP AND RUNS TO GET A 🍸 🏃♀️ sits in recliner swinging legs while watching my newly discovered video 🤗🥰 all is right in the world sip sip ❤❤
I am deceased from this comment. 😂💀 This video is now old in RUclips years… I’m actually working on an updated “complete guide” type tutorial video… probably up in the next 2-3 weeks. 🖤
@@MissyMoney *looks around with an evil grin rubbing hands together in a sinister way* i shall await it's arrival mmmmwwwaaaahhhhaaaaa 😈
Great video!
Thank you so much for watching! 🖤
This was a great video. Very informative and helpful. Thank you for sharing.
Thank you so much for this kind feedback and for watching! 🖤
I have been looking for a detailed explanation on how to do this and then come up short with other channels! I love your explanations! I do have one question though, how does this work with a husband? I am wanting to start this system come January. My husband has eagerly giving me control of the finances and has agreed to a weekly cash amount for his wallet, but I have a hard time believing my husband will have cash envelopes for separate purchases, and the last thing I wanna do is micromanage him. How did you get your husband on board and what do you do if he goes over his weekly cash amount or continues to rely on cards?
Hi there! Thanks so much for watching and for this kind comment! 🖤 Regarding your question, there are a few things we do. When I stuff income I am stuffing it for our household, meaning I blend/combine our income over the month. Then when it comes to purchases, first, he has his weekly spending allocation just like I have mine. He keeps that in his wallet. Second, he has access to all of our sinking fund and variable expense envelopes, so he could grab cash from them at any time. Third, and for most of his transactions, he usually just uses our credit card and I’ll move the money to reconcile for those card transactions he makes (as well as the ones I make). I make most of our household purchases but for those he does make, a card works great. If you want a more detailed explanation of how cards work with the cash stuffing system, I’ve got a video for that on my channel as well. I’ve also started filming our card reconciliations just this month and will be posting a total reconciliation video at the end of October to demonstrate how it actually works for us. Net - it was easy to get him on board because it didn’t really require a huge change in his behavior and I don’t really have to micromanage him - I just track what he does through our card activity and make sure I’m allocating for it within our overall household budget, and then his spending money is his to spend how he wants. I hope this is helpful for you - feel free to reach out with any other questions!
@@MissyMoney That makes perfect sense! Thank you for taking the time to answer! I will look for that video you mentioned and look forward to the reconciliation one at the end of the month also! New Sub here!
What a great video going into detail about everything! I have watched so many videos for beginners and this is by far the best one! Keep up the good work and good luck!
@@FeoRuby Oh gosh this is so sweet! Thank you so much for watching and commenting! 🖤
new subscriber here I enjoyed this video. Well explained !!!!!
Thanks for subbing and for the kind words! 🖤
Hey, new subbie! ❤ great video I can’t wait to follow along your journey ☺️💕
Thank you so much for being here! 🖤
How do you catch up on bill's that you are behind on.would love to know how to
do this and a simple way to go about this too! Thanks for any information.
Thanks Emma
that.
Hey Emma! This is a great question. If you have any bills that are behind, I’d try to get as many of them as you can to be put on a payment plan with whatever creditor they are owed to. Many times if you call, you can negotiate a monthly payment on the balance. If money is tight, as them what if the minimum payment you can make on a monthly basis. Then, I would treat those bills as debt categories, and make at least the minimum payment towards them to keep the bill (or payment plan) in good standing. Hope this is helpful! 🖤
New subscriber here and what a great video! 😊
Thank you so much - I’m glad you liked it! And thanks for subbing!! 🖤
Wonderful guide to the zero based budget process!
Thank you so much for that and for watching! 🖤
I have a quick question. If I would like to start saving for the “one month ahead”, should I I be putting any extra money that is left from the week in that, or should I be putting a percentage of our paychecks to that? I hope that makes sense.
Hey Melissa! It’s a great question and totally makes sense. You can do either one. If the need to be one month ahead is more urgent (for example, if you are in a paycheck to paycheck cycle) then I’d recommend you treat it as a priority sinking fund, with a total sinking fund goal equal to one month of your spend/obligations, and I’d plan for it within your monthly goals and paycheck breakdowns, and put as much as you can towards it. If it is more of a “nice to have” goal (meaning you already have a buffer or emergency fund in place), you could do a one month ahead savings challenge. In this case, your savings challenge categories would be your bill and debt payments and then your savings challenge goals would be equal to one month’s cost. With a savings challenge approach, you could just use any leftover cash from your variable expenses. Good luck - you are rocking it! Let me know if you have any other questions! 🖤
new subscriber here and i enjoyed your video very much
Thank you so much for watching and subbing! 🖤
So my first envelope needs to be dedicated to cute binders and envelopes! ❤😂
Ha! Budget goodies could definitely be its own category. 😂
Hi where did you get your inserts?
Hi there! Thanks for watching! All the tools I use are from missymoney.com
May i know ur opinion on how should i budget for life insurance? I’m a student and my life insurance needed to be paid one-time every year so tht’s kinda a large sum. Or should i make it as a sinking fund? Thank you in advance 😭❤️
Really great question and yes you are exactly correct - any bills or expenses that are not monthly should be set up as a sinking fund. Insurance is a perfect example of that and that way you can break up that large sum into smaller contributions. Awesome job getting ahead of that one! 🖤
what category do you use for say cleaning supplies, TP, etc.
If I pick those up at the grocery store or Target, I’d pull from groceries. If I get it somewhere online I’d probably use shopping. 😊 Good question!
@@MissyMoney thank you ! I have been looking for a paycheck outline I'm excited you are selling those
❤❤❤
🖤🖤
New subbie as of today
Thanks so much for subbing! 🖤
Hey🎉 new here❤❤❤
Thanks so much for being here! 🖤
How would you do the 52 week challenge is you get paid bi weekly
Please explain
Hi Susan! Great question! I use leftover variable expenses as the funds for my savings challenges. If I only cash stuffed and unstuffed my variable expenses every two weeks, then I would just fill two weeks of the 52 week challenge at a time. (So envelopes 1 and 2 with my first cycle, envelopes 3 and 4 with my second cycle, etc.)
the fact that you paid to have this video shown is wild. it worked. but im turned off by it. Good luck to you, but i wont be subscribing and noting to not watch you videos. Paying youtube to push your content is inauthentic
Hi Dina! I am super new to RUclips and noticed this video was getting a lot of positive feedback from people organically, so I am testing a super small budget to try to help the algorithm pick up this video for relevant search terms. It’s all new to me, even the boosting side. So I’m just testing things along the way and learning what I can as a new creator. But if that’s not your cup of tea, I totally get it! Hope you have a good one! 🖤
I’ve been watching cash stuffing/budgeting videos for years and am going to start creating my own soon (when I’m finally comfortable enough to do so!)
This video was so informative and easy to understand. You even answered some things that have been confusing me in my own journey! New subscriber here 😊
That is so kind of you, thank you so much! You totally should start doing videos! I have been cash stuffing for a while but just started being consistent with videos a couple months ago. I’ve found that it not only helps me be consistent and stay motivated, but it also feels so nice to have the support of a community. 🖤
I’m excited to start I just need to get my plan together and learn how to edit videos lol plus I’m super self conscious about my voice- i always sound uninterested and mean lol
❤❤
🖤🖤