Cash Envelopes VS Sinking Funds | The Cash Envelope System For Beginners | How To Start

Cash Envelopes VS Sinking Funds. What's the difference between the two and how to setup a cash envelope system. Hey guys!! Let's really talk about the purpose of the cash envelope system and breakdown how to setup sinking funds! Watching tons of cash stuffings videos on YouTube is great but I wanted to go a little more in depth on how this system really helps you take the stress out of budgeting and be more successful on your financial journey.

00:00 Intro
01:02 What is the cash envelope system?
02:57 Why I recommend Physical Cash Envelopes VS Digital
03:47 What's the difference between Cash Envelopes and Sinking Funds?
04:40 Sinking Funds Explained in Detail
06:01 How to setup a sinking fund
07:55 List of common sinking funds
08:20 Why having sinking funds is so important


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If you are new here, thanks so much for stopping by! My name is Leslie and I am a wife, mom of 2 girls, and I work as a nightshift RN. I am documenting my journey into becoming debt free while running a household. We are currently following Dave Ramsey's 7 baby steps. Right now we are on baby step 2 (Pay off Debt). To stay updated on our journey don't forget to hit that subscribe button and the notification bell so you will know when new videos are posted.

Thanks so much for watching!!

~TMP~

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#CashEnvelopes #SinkingFundsExplained #BudgetCommunity #TheCashEnvelopeSystem #DebtFreeJourney #CashEnvelopeStuffing #Budgeting202101

[grenishajennings]

I must say you did an awesome job explaining this budgeting method. I now feel more knowledgeable going forward. Thank you!!!

[seasonalliving]

Thank you SO much for explaining the difference between cash envelopes and sinking funds! I have searched high and low and you are the only one on YT that explained it! :)

[l.vanessaulloaduarte]

Thank you this was such a good explanation 😊

[person-eyct]

You are a wonderful speaker... Clear and professional...thank you for your help

[cassiebee]

TFS! I've started my budget journey since January it does take some getting use to especially breaking old habits. I've tweaked and started over several times but through your sharing and others I watch I'm determined to make this work.
I want to share that bright smile that you have to be debt free!!!!

[BeaFindsJoy]

Videos like these are so helpful for beginners. I just needed to tell you that your lighting is on point! You are glowing👏🏾👏🏾!

[wilsondebdw]

Good morning Sis and thank you for this. I am new to this and you explained it perfectly. Blessings to you.

[SikeChick]

Thank you. This is amazingly helpful!

[jessicaweirup]

Super helpful! Thank you so much! I’m new to budgeting so this is great!

[EmilyDowgialo]

This was such a helpful video!! Amazing job!

[DearDebt]

Awesome and detailed video. Love it! So helpful for a new budgeter.

[meannasellers]

Best video I've come across explaining the difference. I was honestly struggling trying to figure out which is which and how to get started. You helped me out so much as I'm trying to get my family budgeting right over here lol. Great great job maam!!!

[erinmason]

Thank you! I was wondering what the difference was. What skincare / makeup do you use? Your skin is gorgeous! 🥰

[theunguidedlifewdee]

Great explanation of the envelope system, Leslie!

[LaToyaPlansLife]

First let me say how beautiful your hair is! 🥰 Ok yes I love these type of videos. Sinking funds are great ways to plan for the future. The only issue for me is I have all these funds, but not enough money to fill them! 🤦🏾‍♀️🤷🏾‍♀️🤣🤣 One day at a time lol

[BudgetsWithBess]

These videos are so helpful if you’re thinking about starting. I had to watch a few to really learn how to do cash envelopes and sinking funds that works for me and my family.