Cash Stuffing for Beginners | How to Start Cash Stuffing | Cash Envelope System

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This video is a how-to explanation and demonstration of the cash stuffing envelope system, using my May 2024 monthly goals and first May paycheck. It includes information on cash stuffing overall, organizing budget categories, and the 4 steps of the cash stuffing system:
1. Set monthly goals
2. Cash stuff each paycheck
3. Pay for expenses
4. Close out the month
It also covers how to handle bills and debts, savings challenges and FAQs. This is a great guide for beginners or you can use the timestamps to jump to whatever section is the most helpful to you.
Simple Budget. Calm Mind. Happy Life. ♥
#cashbudgeter #cashstuffing #savingschallenges #cashenvelopesystem #cashenvelopes #cashenvelopestuffing #cashstuffingforbeginners #budget #budgetbinders
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♥ TIMESTAMPS
00:00-1:29 Intro
1:30-2:04 What is Cash Stuffing?
2:05-4:00 Budget Categories & Buckets
4:01-4:15 4 Steps Introduction
4:16-11:32 Step 1: Set Monthly Goals
11:33-13:09 Step 2: Cash Stuff Each Paycheck
13:10-15:52 How to Handle Bills & Debts
15:53-17:54 Paycheck Breakdown & Cash Planning
17:55-27:40 Cash Stuffing Variable Expenses & Sinking Funds
27:41-30:17 Step 3: Pay for Expenses
30:18-33:01 Closing Out the Pay Period
33:02-36:48 Savings Challenges
36:49-38:30 Step 4: Close Out the Month
38:31-43:51 FAQs
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♥ PRODUCTS MENTIONED IN THIS VIDEO
Budget Planner: www.missymoney.com/products/b...
Budget Wallet: www.missymoney.com/products/b...
Budget Binder: www.missymoney.com/products/b...
Budget Envelopes: www.missymoney.com/products/i...
Cash Withdrawal Slips: www.missymoney.com/products/c...
Sinking Fund Trackers: www.missymoney.com/products/s...
52 Week Savings Challenge Set: www.missymoney.com/products/5...
12 Month Savings Challenge Set: www.missymoney.com/products/1...
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♥ RESOURCES
Affiliate Sign Up: af.uppromote.com/MissyMoney
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♥ MORE MISSY!
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Опубликовано:

2 июл 2024

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Комментарии : 38

@corrieshaffer4172 5 дней назад

I hope this video reaches out to everyone needing help understanding the cash system and budgeting. I have been doing this for two years and it has saved my financial life and if I’m being honest it has helped my marriage! Loved this video! ❤

@MissyMoney 5 дней назад

@@corrieshaffer4172 Oh my gosh, that is so kind of you and truly means so much! My goal is to help inspire and motivate others on their personal finance journey because I truly believe it can change lives… but I know sometimes it can feel overwhelming to start. So I just hope I can break it down for people so they have confidence to start. That’s so incredible that you’ve stuck with it for 2 years and that it’s had such a positive impact… congratulations!! 🖤

@utiosorio4201 6 дней назад

I’ve watching budgeting videos for years and your video is really great at explaining budgeting for beginners.

@MissyMoney 6 дней назад

@@utiosorio4201 Thank you so much for these kind words! 🖤

@artdebt 4 дня назад

this is the best explanation video for beginners 100%

@MissyMoney 4 дня назад

@@artdebt You are so super kind - thank you!! 🖤

@wryterzblock 21 час назад

I don't know if I'll ever be comfortable cash stuffing (the thought of having that much money on hand makes me super nervous) but I do love that you explained about using a credit card when needed and repaying that bill through the cash by moving it over to the spent section so everything evens out. I've never seen anyone even present that as an option before I think it's incredibly clever!

@MissyMoney 17 часов назад

@@wryterzblock I totally get that! If you are interested in the method but don’t want to carry around cash, you could always just set up everything (even variable expenses) as binders that stay at home and then use cards for the day-to-day so that’s all you need to carry. The system is actually pretty flexible. Thanks for watching and for the super kind words! 🖤

@HotMessMoneyMom 19 дней назад

I’ve been watching cash stuffing/budgeting videos for years and am going to start creating my own soon (when I’m finally comfortable enough to do so!) This video was so informative and easy to understand. You even answered some things that have been confusing me in my own journey! New subscriber here 😊

@MissyMoney 16 дней назад

That is so kind of you, thank you so much! You totally should start doing videos! I have been cash stuffing for a while but just started being consistent with videos a couple months ago. I’ve found that it not only helps me be consistent and stay motivated, but it also feels so nice to have the support of a community. 🖤

@HotMessMoneyMom 16 дней назад

I’m excited to start I just need to get my plan together and learn how to edit videos lol plus I’m super self conscious about my voice- i always sound uninterested and mean lol

@AishaMBudgets Месяц назад

Great video! Very informative and easy to follow. But, holy crap you make a lot of money!!!

@IntriguedByDollars Месяц назад

new subscriber here I enjoyed this video. Well explained !!!!!

@MissyMoney Месяц назад

Thanks for subbing and for the kind words! 🖤

@kathyseebaum8886 Месяц назад

New subscriber here and what a great video! 😊

@MissyMoney Месяц назад

Thank you so much - I’m glad you liked it! And thanks for subbing!! 🖤

@OdettesBudgetingLife Месяц назад

❤❤❤

@jessicaleibret8772 Месяц назад

❤❤

@AngiesFinance Месяц назад

Hey, new subbie! ❤ great video I can’t wait to follow along your journey ☺️💕

@MissyMoney Месяц назад

Thank you so much for being here! 🖤

@EmmaBecker-ew1wr 2 дня назад

How do you catch up on bill's that you are behind on.would love to know how to do this and a simple way to go about this too! Thanks for any information. Thanks Emma that.

@MissyMoney 2 дня назад

Hey Emma! This is a great question. If you have any bills that are behind, I’d try to get as many of them as you can to be put on a payment plan with whatever creditor they are owed to. Many times if you call, you can negotiate a monthly payment on the balance. If money is tight, as them what if the minimum payment you can make on a monthly basis. Then, I would treat those bills as debt categories, and make at least the minimum payment towards them to keep the bill (or payment plan) in good standing. Hope this is helpful! 🖤

@pamelajackson5573 Месяц назад

New subbie as of today

@MissyMoney Месяц назад

Thanks so much for subbing! 🖤

@SusanAragon-xk4rs 12 дней назад

How would you do the 52 challenge if you get paid no weekly

@themonthlydollars Месяц назад

Great informative content, new subbie. Paper cuts hurt so much and are hard to find

@MissyMoney Месяц назад

Thank you so much for watching and subbing! 🖤

@kyxmix2212 Месяц назад

Hi where did you get your inserts?

@MissyMoney Месяц назад

Hi there! Thanks for watching! All the tools I use are from missymoney.com

@melissapetticord1944 Месяц назад

I have a quick question. If I would like to start saving for the “one month ahead”, should I I be putting any extra money that is left from the week in that, or should I be putting a percentage of our paychecks to that? I hope that makes sense.

@MissyMoney Месяц назад

Hey Melissa! It’s a great question and totally makes sense. You can do either one. If the need to be one month ahead is more urgent (for example, if you are in a paycheck to paycheck cycle) then I’d recommend you treat it as a priority sinking fund, with a total sinking fund goal equal to one month of your spend/obligations, and I’d plan for it within your monthly goals and paycheck breakdowns, and put as much as you can towards it. If it is more of a “nice to have” goal (meaning you already have a buffer or emergency fund in place), you could do a one month ahead savings challenge. In this case, your savings challenge categories would be your bill and debt payments and then your savings challenge goals would be equal to one month’s cost. With a savings challenge approach, you could just use any leftover cash from your variable expenses. Good luck - you are rocking it! Let me know if you have any other questions! 🖤

@treehugger2718 28 дней назад

what category do you use for say cleaning supplies, TP, etc.

@MissyMoney 28 дней назад

If I pick those up at the grocery store or Target, I’d pull from groceries. If I get it somewhere online I’d probably use shopping. 😊 Good question!

@treehugger2718 28 дней назад

@@MissyMoney thank you ! I have been looking for a paycheck outline I'm excited you are selling those

@SusanAragon-xk4rs 12 дней назад

How would you do the 52 week challenge is you get paid bi weekly Please explain

@MissyMoney 12 дней назад

Hi Susan! Great question! I use leftover variable expenses as the funds for my savings challenges. If I only cash stuffed and unstuffed my variable expenses every two weeks, then I would just fill two weeks of the 52 week challenge at a time. (So envelopes 1 and 2 with my first cycle, envelopes 3 and 4 with my second cycle, etc.)

@kai-zo8dl 10 дней назад

May i know ur opinion on how should i budget for life insurance? I’m a student and my life insurance needed to be paid one-time every year so tht’s kinda a large sum. Or should i make it as a sinking fund? Thank you in advance 😭❤️

@MissyMoney 10 дней назад

Really great question and yes you are exactly correct - any bills or expenses that are not monthly should be set up as a sinking fund. Insurance is a perfect example of that and that way you can break up that large sum into smaller contributions. Awesome job getting ahead of that one! 🖤