

- #Online cash envelope system how to#
- #Online cash envelope system pro#
- #Online cash envelope system trial#
- #Online cash envelope system free#
For example, an allowance might allocate $450 to the Grocery IOU account each month. Fund the envelopes automatically with an allowance.Ĭreate an allowance that allocates the right portion of the budget to the right IOU account on the right schedule.
#Online cash envelope system pro#
Pro Tip: Casey set his IOU accounts up under a fake family member named "Budget" so he can see the subtotals and grand total for his remaining budget in one convenient place.ģ. So, if the Grocery IOU account balance is $65.33, that’s how much your family has left to spend on groceries for this cycle. The current balance represents how much money is remaining in the digital envelope. Create one for each envelope or spending category. In this system, a FamZoo IOU account serves as a virtual envelope. Set up IOU accounts for your household budget categories. We'll elaborate on how the primary funding card interacts with the individual family member cards below.Ģ. Order one primary funding card for the family and one spending card for each family member.įor example, a couple with one child would have four cards: the primary funding card, a spending card for mom, a spending card for dad, and a spending card for junior.

#Online cash envelope system how to#
He figured out how to use our unique IOU accounts to represent the digital envelopes while still using just one prepaid card per family member to make the purchases. It’s just too unwieldy and rigid to gracefully handle the broader household budgeting scenario.Ī Digital Envelope System That Really WorksĪ couple months ago, one of our users, Casey, came up with an innovative digital system that really does work for the broader household. The bottom line: FamZoo families have told us that the simple card-per-envelope solution only works well for limited scenarios like spend-save-give envelopes for their kids.

So prepaid cards are the envelope budgeter’s perfect digital alternative, right? Just lock the card, file a claim for any unauthorized purchases, and order a replacement - no harm no foul. Detect unauthorized usage immediately with activity alerts.Track your spending history automatically with an electronic audit trail.
#Online cash envelope system free#
#Online cash envelope system trial#
But there is one free trial available before spending money on it. Goodbudget application is the best fit for the people who are worried about their budgeting. Here in this application, you can add an account you want to use for online transactions. With Goodbudget, you can create different categories according to your budget in this app.
