But you might also want to consider increasing your contribution to your 401(k), making bigger payments on your debt or investing for a future expense. They'll earn more interest in a high-yield savings account than your checking account. On the other hand, if your income is higher than your expenses, reevaluate what you should be doing with those excess funds. If your expenses exceed your income, this means focus on finding line-items in your budget that you can remove or cut back spending on.
This is when you compare your net income to your monthly expenses to see where you stand.
Users can customize the envelope categories according to their needs, such as saving for an emergency fund or a vacation.Envelope feature allows user to visualize their spending and prioritize meeting different goals.
Free to use for creating 20 envelopes, one account user on up to two devices, one year of transaction history, debt tracking and community support.