We have an envelope, in an undisclosed location, where we keep cash. It is not an emergency fund or our monthly cash allowance and there isn't a lot of cash in the envelope. Yet it is a place where we can go to if we need a quick $10-$20 for a last minute pizza dinner or the neighbor kids, who are knocking with Girl Scout cookies, or the pick your own strawberry patch or a yard sale outing, the list goes on and on...
The money comes in handy for those sudden occasions and the money usually comes from our yard sales, rebates, or gift money.
My envelope was pretty much empty a few weeks ago, but a recent yard sale helped me replenish it. I feel less stressed now knowing that we have a little bit of cash tucked away.
How do you manage last minute or sudden cash expenses? Do you have a petty cash fund?
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