Envelope Budgeting System Without the Envelopes

Mar 21, 2013
The other day I got a funky looking wallet. 

It's got two sets of zippered compartments on either side of it with one side being black,

 and the other side is a greyish-brown color. 

I've been interested in starting the envelope budgeting system for a while and since I couldn't picture myself carrying a bunch of paper envelopes with me everywhere I go, I thought this wallet/organizer would do the job.

In case you aren't familiar with the envelope budgeting system, it's a method in which you allocate a cash budget for certain expenses and separate them into envelopes. Then, when you need to buy something, you get the money out of the allocated budget envelopes. Once the money in each envelope is gone, you have to wait till the next month or paycheck before you can refill it. Theoretically, this will help you to keep better track of your spending. You can read more about it on this site.

Now I don't claim to be the best at budgeting, but after doing some daily expense tracking, my husband and I have found that there are four categories where we tend to overspend:

  • Groceries
  • Food & Eating Out
  • Gas
  • Miscellaneous 

Four expense categories plus four wallet compartments is perfect for creating a modified version of this cash budgeting system!

Everyone obviously has different needs and expenses, so if you want to try this system but you don't want to deal with envelopes, there are a lot of stylish options out there.

Here's a few that I found on Etsy:

1) Cute clutch with five matching "envelopes" and cloth labels too! From an Etsy shop called, Clutchables.

2) Handmade zippered clutch with 6 tabbed dividers inside for your cash! From A Time for Everything shop.

3) Sturdy cloth envelopes with magnetic clasps that also work to keep them together! From Etsy seller, DivvyUp.

Tip: These wallets can also be used as currency wallets when traveling overseas. That way, you can keep different types of money separate and organized.
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  1. I've looked at some budget envelopes on Etsy in the past. The ones you found are so cute. But I also like the look of the cool wallet you got - I'd love to find something like that - it would be great to carry in my purse without it being too flashy.

    1. So far so good, but I need to memorize which zipped section is for what, since there are no labels! A little confusing when you're in a rush to pay for

    2. I see what you mean about the labels - lol. What about cloth tape (like first aid tape) or something that you could label with a sharpie and stick under the zipper of each "category"?

  2. In now days you need to manage your money in the form of budget.


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