What's the Envelope System for Budgeting — and Is It Right for You?

The envelope system for budgeting is a tried-and-true method for managing your personal finances using physical envelopes to separate your cash into budget categories. Though the digital age has brought forth plenty of advanced financial tools and apps, the simplicity and effectiveness of the envelope system have sustained its popularity among budget-conscious fans everywhere. Many people still find it to be a valuable tool for achieving financial discipline and clarity. By providing a tangible and visual method of tracking your spending, the envelope system can help you become more mindful of your financial habits while encouraging you to live within your means.