The Envelope Method
Your grandparents may have used the envelope method by distributing their money into real paper envelopes marked with the name of the expense; i.e., electricity, food, rent, etc. When a bill was due, the money was in the envelope to pay it. It was a simple but effective way to ensure that their bills were paid and that they lived within their means. With Budget you can create virtual envelopes for your expenses and set aside your money into those envelopes. All your envelopes and their balances are always on the main screen -- A glance tells you if you have enough money to pay the bills. It's a lot easier than opening up real envelopes to see what's inside! |