The Money Mindset Podcast

#174 BBMU - You do not need to track this!

August 14th, 2023

Welcome back to another engaging episode of the Money Mindset podcast! In today's Budget Bestie Meetup, we dive into a topic that often causes financial stress – tracking every penny.

We know that keeping tabs on every expense can quickly become overwhelming, and that's why we're here to introduce you to a game-changing concept – cash envelopes. Join us as we explore why you don't have to track cash envelopes and how they can revolutionize your budgeting approach. Learn how to harness the power of intentional spending and gain the freedom you've been longing for.

Get ready to transform your budgeting game and take control of your financial journey!

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.

“So I've learned with cash envelopes, I do have to be a little bit more specific on my labeling and like making sure I know what it's for so I don't spend it on something else in that category. But in general, you don't need to track it. So that gives you a bit more freedom, right? And it takes another thing off of your plate, off of your to-do list. It's one less thing that's gonna keep you stuck because you feel like you have too much to do and you're overwhelmed and you're behind. And so just have fun with it. Fill up your cash envelope with whatever you've got in your budget for that category and then just, you know, be mindful of what you're spending it on, but you don't have to track it.”
- Ashley Patrick

00:00 - Introduction to the episode and the concept of cash envelopes
01:34 - Exploring cash envelopes as a hassle-free budgeting tool
03:36 - Allocating personal spending money within your budget
05:11 - Emphasizing the importance of specific labeling on cash envelopes
07:28 - Cash envelope categories and potential setbacks
09:46 - Tips for using cash envelopes effectively and avoiding common mistakes
14:18 - Starting with two to three cash envelope categories
15:26 - Celebrating wins

Do you wish you had a supportive group of women like you to connect with about money? Come join me for a Budget Bestie Meetup on The Money Mindset Podcast, and let's learn and grow as a community! You can sign up at

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