I have seen a little bit about the "Envelope System" for spending, and while I think I have the rough idea of it, how does it work in detail.
I know there is http://www.mvelopes.com/, but this site will neither tell me how it works nor explain how much they want. (I won't sign up with them at all until I know how much money they want.)
I want to know generally if it is a system to help you learn to budget, or if it is more than that. I would like to know specifically what you are supposed to do.
Do I put actual cash in an envelope? Do I pay only cash for things? What about interest from keeping money in a bank? What about having my house robbed? How does it differ from an spreadsheet or mint.com in tracking my money?
Does anybody do it? Is it as simple as this page makes it seem?