New technologies can sometimes help us in our work. saving and there are now a plethora of apps that promise to collect your expenses, your winnings, notify you when you’re in the red, or even encourage you to make a profit. save money day by day.
But today we will talk to you about one topic. Traditional savings method. A method that our grandmothers already used decades ago and remains very effective today.
Reminiscent of techniques of yesteryear, this ancient method of organizing money has been revived by various creators. TikTok. Now it is called: “cash filling” On this platform, it has fascinated a large number of users because it is an effective tactic. Manage finances.
Save like grandma did
The concept is basic: Forget about payments made by cards and apps, And back to cash. Although this may seem like a step backwards, given the recent rise in popularity of digital payments.
- Estimate the money needed for each expense (food, transportation, entertainment, etc.)
- Label envelopes cwith these categories.
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When you get paid, distribute money into envelopes according to needs.
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While buying, Take the money from the relevant envelope. In case of any changes, it will be returned to the same envelope.
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Keep track of remaining money regularly Adjust expenses.
- Transport: It covers all related expenses, from gas to bus tickets.
- Feed: It covers everything purchased at grocery stores, including food, cleaning supplies and pet products.
- Free time: Any expenses related to recreational activities such as movies or nights out.
Prefer digital?
For those who are more comfortable in the digital world and avoid cash, the envelope technique can still be useful. Instead of filling them with cash, just write the budget out.
The important thing is to have a constant visualization of how much money is left to stay on top of spending. Basic rule: If cash runs out, no more spending will be made.