What is the envelope budgeting system and who is it good for?

The envelope budget is a budgeting method that involves setting aside cash in envelopes or a separate account for each budget category (e.g. groceries, entertainment, etc.) and spending only the cash in each envelope or account. This can help you stay on track with your spending and avoid overspending. 

This budgeting method is a good choice for people who have a hard time controlling their spending or tend to overspend with a credit or debit card. It can be effective in helping you stick to your budget and avoid overspending, as it requires you to physically see and manage your spending. However, it may be inconvenient for some people to carry cash and keep track of multiple envelopes or accounts, and it may not be suitable for people who prefer to pay with a credit or debit card. 

To use the envelope budget, start by determining your budget categories and how much you want to allocate towards each category. Then, set aside cash in envelopes or separate accounts for each budget category. Spend only the cash in each envelope or account, and track your spending to make sure you are staying on track with your budget.

The commentary on this website reflects the personal opinions, viewpoints and analyses of the Ascend Investment Partners employees providing such comments, and should not be regarded as a description of advisory services provided by Kesler, Norman & Wride, LLC dba Ascend Investment Partners or performance returns of any Ascend Investment Partners Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Ascend Investment Partners manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. 

Ascend Investment Partners provides links for your convenience to websites produced by other providers or industry related material. Accessing websites through links directs you away from our website. Ascend Investment Partners is not responsible for errors or omissions in the material on third party websites, and does not necessarily approve of or endorse the information provided. Users who gain access to third party websites may be subject to the copyright and other restrictions on use imposed by those providers and assume responsibility and risk from use of those websites.

To Get Started Click Here

 (https://ascendinvestment.com/start)

Sign Up for Email to stay in touch

(https://ascendinvestment.com/signup)