This is exactly how I do it. When I’m trying to catch up or save for something special I use any rollover for that. I try to make extra payments on my credit card whenever I can because I hate feeling like I owe someone money 😂😂
Now you are the umpteenth person to show me this and I finally think I understand. Yes I probably made it harder than I had to but it remains I FINALLY got it! I always have trouble with sinking funds, savings, and closing out but I think I understand now! Thank you so much!!
I started using this method this month. And let me tell you, July isnt even over and i've already been able to save a little over $400. Won't he do it! 😂😂
Hello Jasmine, I am new to your channel, and I ❤ to explore other budgeters channel and watch their videos from the very first video. Anyway, great video! ❤
I just did my new budget. I have a small debit I want to pay off but my emergency fund is my main focus. I added an extra $10 to my monthly credit card payment. It’s going to be my normal monthly payment until my EF goal is met. I also opened another savings account last year at a different bank from my bills account. I set it up this year to auto deposit $20 from every paycheck. I FORGOT about that account last year and had $500 at the end of the year! I hid the account from my dashboard 😂.
How are you able to do cash envelopes if most of your bills you have to pay electronically? Do you cash your check or take out the cash and then deposit it back into your account after you separated them ?
I'm wondering the same thing. Direct deposit is how most people get paid so it doesn't make sense to me to buy all those accessories when you can have multiple bank accounts.
@BaddiesandBudgets Jasmine, where/how do we contact you with a private question? Had a question about some numbers but don't want to be putting all your business out there in asking. Question about rollover funds. Thank you! ❤❤
Do you keep your savings in a hysa or only cash bc some banks let you have up to 25 savings account. I like this but inflation is too high to have everything in cash, personally. I’m going to get some play money and do this but keep the actually money in their own accounts