Friday, November 9, 2012

App Pick of the Week: "Easy Envelope Budget Aid" by Christina Barks* (Guest Contributor)



REASON:
The "envelope budget" is a popular means to control your spending habits. You put your entertainment budget, food budget, etc. into separate envelopes, so you do not overspend and dip into another part of your budget.  But who uses mailing envelopes anymore?
This app takes the amount that you get paid monthly and helps you to divide it out into virtual envelopes. When you spend money from a specific area you can put in the amount that you spent and it will automatically take it out of the envelope for you. This will allow you to keep up with your budget on the go and see how much you have let in your envelopes to spend. Once you put in the amount that you spent the app will tell you if you are ahead or behind on that specific envelope. If you are behind and have spent too much money then the app will let you know how long you should stop your spending in that category.

The Easy Envelope Budget Aid app is a good idea for anyone that has a problem with over spending on shopping or fast food.
TRY ME
 Download the FREE app on your Android phone.

READERS…
Have you heard about the envelope budget before reading this?

*Christina Barks is an undergraduate student with UK Department of Family Sciences
Reference
Easy envelope budget aid: Sync. (2012, August 12). Retrieved from https://play.google.com/store/apps/details?id=com.dayspringtech.envelopes&feature=search_result

2 comments:

  1. Elizabeth Cox

    Christina - this is an awesome app! I've always heard how great the envelope method is but I agree with you.. using actual mailing envelopes seems a little unrealistic. Now that there's an app that helps us do so virtually I think I'll be able to budget my finances much better. Thanks for sharing!

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  2. This app is for me. I don't have a problem admitting that I have a problem with spending. I love to shop!! After being enrolled in FAM 402 I now know how important it is to have a budget. A budget will allow for me to save for the future. AimeeB.

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