Virtual Envelope Advantage : Works Hand_in_Hand with your Cash Envelopes and Budgeting Worksheets _ Has the cash envelope system gone the way of the dinosaur? No! I still recommend it for all of their budgeting categories for children and for the cash spending categories for adults, such as food and walking around money.
I'm a big believer in the notion that cash is king when it comes to paying for items. If you don't have the cash, you can't afford the item and shouldn't buy it. Traditional means of budgeting to help curb spending is the Cash Envelope system. But there are clearly some disadvantages of that. There's also a 21st century version of the Cash Envelope system called Virtual Envelopes. We'll explore how you can implement a Virtual Envelope system using your budgeting worksheets.