Having a cash envelope wallet is an essential purchase when you are living within a budget. Whether you are paying off debt or looking to simply stay in a budget, the cash envelope system is my favorite.
When I first began budgeting, I would carry around all of my cash in paper envelopes from the bank. I felt so chic and savvy with my organized envelopes, until a few days passed and my envelopes began to fall apart.
What’s worse, it was easy to misplace my grocery store envelope and leave hundreds of dollars on the table.
The purpose of these envelopes is to help you be in control, not feel concerned! That was when I began researching and I found that plenty of other people were having the same problem that I was. The solution? A Cash Envelope Wallet!
It turns out, there are hundreds of types of cash envelope wallets out there. Depending on your lifestyle, you can buy the right one for you.
There are so many, it can be difficult to decide which one is right for you. So, I took some time and found the best ones on the market.
So, which cash envelope wallets made the cut? Keep reading and find out…
What is a Cash Envelope System?
Before we dive into which cash envelope wallets are my absolute favorite, let’s discuss what the cash envelope system is.
The cash envelope system is an excellent budgeting tool created by Dave Ramsey to help the average person get out of debt and stay within a budget. The idea behind it is that you are telling your money where to go by designating how each and every dollar will be spent each month.
This is achieved by setting your money into categories like ‘gas’, ‘grocery stores’, and ‘date night’ then pulling out cash so that you don’t overspend. Once the cash is spent for the month, then you need to either decide to pull money from another fund or wait until the next month.
Of course, this is a simplified explanation but I want you to understand one thing- I love the cash envelope system and I firmly believe that it can benefit any family!
**Read more about the cash envelope system in detail
In order to be successful at this budgeting system, it is important that you are organized with your money. Any of the cash envelope wallets listed below can help you with successfully budgeting your hard earned money.
Keep reading to see which cash envelope wallets made the list!
The Best Cash Envelope Wallets
This wallet is the overall budgeting system for a few reasons. For one, I love the leather (in black or red) and how it gives the look of a traditional wallet.
At first glance, you would have no idea that it includes budgeting forms, budget envelopes, and a nice zipper closure so nothing can fall out.
For those living a more ‘get up and go’ lifestyle, this envelope system takes the top spot! This cash envelope system comes with the most durable envelopes that you can just toss in your diaper bag and run out the door.
Each envelope is a different color for easy access and can be stretched, tossed, and is completely waterproof. Spilled coffee or an aggressive toddler have nothing on this cash envelope system!
This cash envelope system from Magicfly would be an exceptional gift for anyone looking to be more mindful with their spending. The wallet is unisex and the envelopes would be easy for anyone to use while budgeting.
In addition to storing your cash envelopes, this wallet is great for storing your phone as well as anything else for your trip to the store.
With 6 horizontal tabbed envelopes, this envelope wallet wins the prize for most compact cash envelope wallet. For how little room this wallet takes up, it sure has everything that you need to make a big impact on your financial future!
Complete with budget forms and plenty of tabs to keep your cash organized, I love this wristlet.
Some seasons call for more envelopes, which is why I love this wallet.
When it comes to a successful cash envelope system, it completely depends on your lifestyle and how many envelopes you actually need. A mom of 3, for example, is going to need more envelopes than someone like your retired neighbor who lives alone- which is why this cash envelope wallet had to be included on the list.
With 24 wallets included, you are able to get as specific as needed to help you and your family stay on budget.
There is a common misconception that going on a budget means you are unable to own anything cute. Well, my friend, I am here to tell you that that is simply untrue. You can have your cake and eat it too! Or, in this case, budget wisely and have a cute wallet too.
This yellow leather cash wallet system will definitely get you compliments and help you stay within your spending limits. With 12 included envelopes in super fun patterns, you won’t be able to help but implement the cash envelope system to its full advantage!
This cash envelope wallet is fun because you can customize it however you need it. That’s right, you can choose the color, what the labels read (even the font) as well as anything on the outside. The envelopes are also unique in that they are plastic with a zippered top so that your cash will stay put no matter what your life calls of you.
This is the perfect cash envelope wallet for someone who travels often- whether its around the world or frequent trips to the park.
This starter set is the perfect addition for anyone beginning their new life as someone who budgets using Dave Ramsey’s cash envelope system. This complete starter set is reasonably priced with 6 customizable envelopes.
My favorite part? These envelopes are see through, so you will know if you are running low in a specific area you will be able to adjust for the next month fairly easily.
This cash envelope wallet found on Etsy is one of my favorites because it is made with sustainable materials. Instead of plastic envelopes, it is made with eco-friendly cloth to help you budget and save the planet.
Because this cash envelope wallet is homemade, you are able to choose fabric designs as well as how many envelopes are attached to your wallet. Personally, I want to save for a trip to somewhere tropical, so I think I will have to purchase the fabric with sandy beaches to help me stay motivated!
This cash envelope wallet is unique in that it is actually a wristlet, meaning that you can just grab it and go. This is perfect if you just need to run to the store for some milk or if you need to pack light for a trip to the gym.
I love using a wristlet when I take walks on the beach or a jog in the park!
Beginning to implement the cash envelope system can be difficult, so it’s important to find ways to make it more fun until you develop all of your new budgeting habits. For me, that means finding the brightest, happiest cash envelope wallets around to help make saving money even more fun.
That is why this adorable wallet by Heart of Harshey made the list. The colors are bright and fun, making your budgeting even better for an awesome month of spending wisely.
Implementing Dave Ramsey’s cash envelope system can seem overwhelming and- for some- impossible. I promise you though it is worth it! Allocating your money for specific things feels really good.
In fact, there is only one way to make it even better and that is a quality wallet. Take a look at the list here of my favorite cash envelope wallets and invest in your future!
Tell me- what did I miss? Are there any other cash envelope wallets that should’ve made the list? Tell me in the comments below!