I have had quite a few customers purchase a second (or even third, etc.!) Divide-It cash envelope system wallet from my shop to use for something other than their general, everyday cash spending categories. Some readers recently expressed interest in hearing about some of these different ways, so I would like to share a few with you.
This picture shows one of the wallets in my own purse. It contains these tabs:
- thrift stores
- Fred Meyer
- Target / Shopko
Behind each divider I keep coupons, punch cards, and gift cards that correspond to that category or store. So if Kohl’s sends me a coupon, I place it behind the “clothing” divider. And when I receive my Fred Meyer rewards or coupons, they have their own spot. I can’t tell you how much more effective this has been than keeping all of my store coupons together in one place, all gift cards in another, etc. I can easily go through this every week or two and discard expired coupons, and when I go to a particular store, I know exactly where to find what I need.
I also have a wallet that stays at home for less frequently used categories that we use cash for, such as babysitter & haircuts. If I need to bring it with me, I just grab that divider and the money behind it and temporarily add it to the cash envelope wallet in my purse.
Other uses customers have found for these Divide-It Wallets include:
- farmer’s market or craft fair cash (for accepting payment & making change as a vendor)
- gift cards belonging to each member of the family (rather than by store or category)
- manufacturer coupons (some of these need to be folded in half, FYI)
I’ve also had customers set them up for cash spending in ways that are much more targeted than general expenses. So they have one wallet for everyday expenses such as groceries, gas, personal care, etc., and another for a very specific purpose. For example, one customer purchased a wallet for Household expenses–the ones that are typically project- or item-based and occur after money is saved over time or the need arises. Her particular categories were Appliances, Maintenance, Garden, Lights, Paint, and Furniture.
Here are some other “theme wallet” examples and categories. Divider labels can be tailored to the needs of each individual, of course.
- birthday gifts (tab for each family member/friend)
- birthday parties (invitations, food, decorations, treat bags, games, venue)
- Christmas (tab for each person receiving gifts, cards/postage, party, dinner, activities)
- vacation (airfare, lodging, car rental, meals, spending $, entertainment)
- back to school (clothing, supplies, books, field trips, sports, fundraisers)
- homeschooling (books, supplies, equipment, subscriptions, field trips, co-op)
- saving for holidays (Thanksgiving, Christmas, Easter, Mother’s Day, Father’s Day, birthdays)
Another variation–especially if you use cash for fewer than six categories–is to divide your budgeted cash by week. For example, assuming a bi-weekly pay period, your tabs could say Groceries 1, Groceries 2, Toiletries 1, Toiletries 2, Recreation 1, Recreation 2.
I hope you’ve found these examples helpful! If you have any questions, please leave a comment and I will reply below it.