If you are an avid listener to American financial author, Dave Ramsey’s show, you will most definitely know of the cash envelope system. In a nutshell, for the cash envelope system, you take several envelopes, label them, and put your money in. Just several days ago, we posted about how to get started with a cash envelope system, right here on Budget Pronto. That post will explain the basics of the system. If you already have a budget in place and want to learn how to make a cash envelope system wallet, you’re in the right place.
Dave Ramsey’s cash envelopes are a huge discussion in the personal finance industry. The popularity of the system has grown exponentially over the past few years, really saving many Americans hard-earned cash. With the success of the envelope system caused a huge market of cash envelopes to buy. You can go ahead and buy a nice little envelope or you can use a cash envelope printout.
There are many ways to make-your-own neat envelope. Be as creative as you want! These are your envelopes and you should really do with them as you please. You may choose functionality over beauty or you may even figure out a way to balance the two. It is really up to your personal preferences… and as you use the envelopes, your preferences may change.
Money Envelope Template
This template is basic black and white. It may not be the prettiest envelope you have ever seen, but it’s functional and it’s pretty dang good at holding a wad of cash. The template is a .jpg file, ready to be printed. It’s not PDF or a Word document, but those file types are not really necessary.
How to construct the template
To begin the process of creating your own cash management envelope, you must first print the template out. You can do this by right clicking the image above and then clicking ‘save to desktop’. From the desktop, you should locate the image file and then print it out. The template should fit correctly on 8.5×11 paper but your computer settings may change that.
When it is properly printed out, it is time to start the fun! Pull out your preferred method of slicing paper and then begin to cut along the bold outside line of the template. When that is done, you can throw away, save, or recycle the outside scrap paper.
The dotted lines are for folding! Fold the four tabs inwards at the dotted line, one at a time. You can fold more than one at a time but that requires skills that I haven’t even acquired yet… and I’ve been doing this for years!
Once all the sides are creased, you want to fold inwards the bottom and the small side flap. When those are folded inwards, you take the largest flap and fold it to make contact with the bottom and side flap. Now it’s time for the glue or tape! Mend the two halves of the paper together. Make sure to leave the top flap (the category side) unsealed. This will be how you add and remove money from the envelope.
How to use the envelope
Now that you have fully constructed the envelope (and maybe decorated it), it is time to put the envelope to use. You will most likely need to have multiple envelopes, as each one is for an individual category. Groceries, hobby, entertainment, clothing are examples of the types of categories that you will have. Check out this post on using a cash envelope money management system to learn how to implement your envelope into daily routine.
How to decorate the envelope
As I stated before, the decoration is totally up to you. Each and every wallet can be unique! Since I go through about 10 of these envelopes per month, I like involving the family in creating them. We sit down after dinner, take out the coloring supplies, and get to work!
My favorite decorated cash envelope was when my good friend decorated his ‘groceries’ category envelope with confetti from the New Year’s party.
It’s possible that Dave Ramsey has advice on how he likes to color his envelopes! Maybe you should ask him?