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Showing posts from June, 2011

Mint Wins with the Envelopes Method

Hallelujah!  Mint.com has edged out Quicken with a new budgeting development in the software -- the ability to track expenses a la the Envelope method.  I'm freed from the Quicken annual subscription fee shackles ...and you could be too! I've been comparing Quicken and Mint for some time and reporting about it on this blog.  Just recently I noticed a Mint upgrade that promised to "roll over" a monthly budget category, so I tested it for the month of May, 2011.   As you may know, the Envelope budgeting method, espoused by Dave Ramsey and all manner of other financial gurus, is really pretty sweet.  What doesn't get used in one envelope (or category), can be shifted to another.  What isn't used in one month in your category (i.e., groceries), can be rolled over to the next month. In my May 2011 grocery budget, for example, I underestimated my monthly $200 alotment by $8.  (Maybe it was all those coupons I used!).   In any case, those $8 are now sitting i