The Money Mindset Podcast

#145 Cash Envelopes - Physical or Digital?

May 8th, 2023

If you're searching for an effective way to take control of your finances, have you ever explored the concept of cash envelopes? These simple yet impactful tools can revolutionize the way you manage your money.

Join Ashley on this exciting episode of the Money Mindset Podcast as she dives into the world of cash envelopes. Whether you prefer the traditional method of using physical envelopes or the convenience of a digital app, Ashley has got you covered. Discover the pros and cons of each approach and gain valuable insights into how to effectively manage your money. Tune in to gain practical tips and advice for implementing a cash envelope system that suits your needs.

Hosting Today:
Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier.

I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems.

Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others.

“Digital cash envelopes, physical cash envelopes. There is no right or wrong way so you don't have to pick one. You can use both. I use both. I have for years. Figuring out a system that works for you is the key to long-term success. So don't feel like you have to do it one way or another. It takes trying, it takes making mistakes, it takes figuring it out along the way. You just have to get started, right?”
- Ashley Patrick

01:17 - Introduction to cash envelopes
02:46 - Using physical cash and digital apps
05:06 - Choosing between pen and paper and digital apps for budgeting
06:55 - Exploring Qube
09:00 - Using multiple bank accounts the and bucket system
11:13 - Showcasing different types of cash envelope wallets
14:46 - Where to purchase the Luxe Wallet and the Budgets Made Easy digital cash envelopes
17:44 - Benefits of using cash
18:56 - Final words of wisdom

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