If youâre not familiar, the concept is simple: Separate your budget into different categories, such as entertainment,
groceries, rent, and gasoline â¦ Create an envelope for each category, label it, allocate money in each envelope representing the total amount youâll spend in that category for the month and when the moneyâs gone, stop spending in that category until the next month.
Categorizing purchases determines how your money should be used. It gives you the guidelines of what our behavior should
look like. By tracking purchases and following through on categorizing you can identify what you have done well and what we have done poorly.
Smart Budget is a online budgeting system that uses the envelopes method of budgeting to keep your money under control.
The installation of the system is very simple.