Questions tagged [envelope-system]

For questions on the envelope system of budgeting, or its modern digital equivalents.

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With one checking and one savings, virtually divide into multiple funds? [closed]

I have one checking account and one savings account. I get my checks direct deposited to my checking account. Though, when I get my check, I divide it up into separate "funds" (or envelopes). But in ...
5
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7answers
5k views

Digital envelope system: a modern take [closed]

Is anyone successfully using a digital form of the "envelope system"? I have some of the pieces, but have not figure out a complete process to automate. I am thinking of using a pre-paid debit cards (...
4
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3answers
946 views

Can I label my checking accounts? Trying the envelope system with debit cards

I want to use an envelope system and categorize my expenses. So lets say I have 3 checking accounts for: Grocery Restaurant GAS ... each will have its own debit card. I can write a label name for ...
5
votes
4answers
161 views

Multi-Account Budgeting Tools/Accounts/Services

Every time I get paid, I take some of the money and allocate it for certain uses. I track this in a spreadsheet. This works fine, but it's not what I want in the end. Basically, I think what I want is ...
7
votes
3answers
1k views

Checking/Savings accounts that have sub-accounts

I like to use the envelope system for budgeting, but I can't escape the convenience of debit cards, so a few months ago I set up 5 debit cards, one for my primary account, food, gasoline, household ...
13
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3answers
846 views

How does the envelope budgeting system work?

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 ...