1. Savvycents Wallet
It’s not only affordable ($30 at the time of this review) but it met all of our quality standards.
It’s also one of the most reviewed and popular wallets on the market – and for good reason.
Quality wise, the wallet feels very nice. It’s heavy enough to feel durable but lightweight enough to carry around.
The material is faux leather, which makes the wallet look more expensive than it actually is.
Since it’s one of the more affordable, we were pleasantly surprised that they didn’t skimp on quality with this one.
(Some of the wallets we tested didn’t have a coin pouch – which was a con)
Even though this wallet is for a cash system, we’re happy to see that it still has plenty of places to fit cards and coupons.
The accordion style folder comes in handy too. There are five dividers.
It also includes pre-printed and blank labels so you can easily customize your budgeting categories.
If you need a large wallet, this one is for you.
There are 9 colors to choose from, so you’re sure to find something you love.
This wallet doesn’t have the accordion style filing system.
This makes it seem less like a cash envelope wallet and more like a regular wallet.
(We personally preferred the accordion style though)
This is a great option for someone who is wanting a multi-purpose wallet.
But if you were expecting solely a cash envelope wallet, the size and setup of this wallet might be a con.
This wallet definitely takes up a lot of space and can be quite bulky at times.
Advantages to Using a Cash Divider Wallet
Tips for Making it Work
1. Choose Categories You Struggle With the Most
Once upon a time, I used to have an envelope for clothing. But after several months of never using any money from that category, I decided to cut it out.
Instead, I put that money towards groceries because I struggled with that category the most.
By using my cash wallet and sticking to a list, I’ve been able to save $200 each month.
2. Only Take the Cash You Need
If you’ve only budgeted $125 for eating out this month and go grab lunch, don’t take all $125.
Instead, only take the $10 or $15 it costs to actually buy your lunch.
3. Tweak It When Needed
It can take a few false starts before you get everything perfected. But don’t worry, developing a good cash system takes time.
The key is to identify what works and what doesn’t. Are you overspending in certain areas and under-spending in others?
Get clear on your numbers so you can make the necessary adjustments.
4. Come Up With a Plan Before Starting
There are certain rules you’ll have to decide on beforehand:
Are you going to borrow from other categories if you run out of cash in others?
Is using plastic completely off limits?
Does the leftover money go into savings or towards next months envelopes?
It’s good to be prepared for these things because they will come up!
5. Don’t Give Up
Using cash can take some getting used to! But studies show that people who use cash save more money than those who don’t.
Aren’t those odds you’d like to have in your favor?
You can do it! Plus, finding the right wallet makes it so much easier.
What do you think? What cash envelope wallets do you like? Let us know below!
And as always, thanks for reading.