Cash Budget Envelope System & Super FUN Kids Piggy Bank (Time to Save in 2018)
As we mentioned last week, we’re starting 2018 with a January lineup featuring some of our favorite products (health/nutrition items, finance products and more)! If you’re looking for an easy way to keep your budget in check this year, here’s one of our favorite ways to do that…
CASH ENVELOPE SYSTEM:
We love the Cash Envelope System here at Hip2Save – this is a great and very simple way to control your monthly spending and follow your budget. It’s so easy to get started, you’ll just want to make time to categorize your cash expenses (i.e. – groceries, entertainment, clothing, gas, etc.).
Note that automatic withdrawals and bills are probably not suited for the envelope system.
One affordable option is this Budget Keeper Cash Envelope System, which includes 12 water/tear-resistant envelopes in assorted colors. Fill each color-coded envelope with the money allotted in your budget for each one. So if you have $800 allotted for groceries each month, put $800 in your grocery envelope. Once the cash in that envelope is gone, it is gone until next month! This makes budgeting SO simple. LOVE THAT!
NOTE, you can also opt to make your own envelope system just by using durable envelopes and labeling them. Regardless, using a cash only system like this truly works!
KIDS STEALING COIN PANDA BOX SYSTEM:
This is SO fun!
If you’re looking to teach your little ones how to save money but want a fun alternative to the classic piggy bank, we LOVE this hilarious Little Panda Coin Box! It’s a fun toy and would make a great gift too!
Just set the coin on the designated spot and press down on the coin. The panda will say “hello” and then covertly take one coin at a time while saying “thank you” in return. The stealing coin panda box holds approximately 40 coins and at the bottom of the box there is a twist latch that the parents can open to retrieve the money that has been saved up! Just don’t tell the kids how the latch works! 😉
Speaking of kid oriented financial products, be sure to check out this post that features TEN highly rated products to help teach your kids about money!
Need more inspiration to save in 2018?!
Check out these Money Jar Challenges for the New Year!