What is BudgetMagic?
BudgetMagic is a modern version of a time-tested system: years ago, folks devised a simple yet effective budgeting method known as “the envelope system.” To use the envelope system, a person set their budget for a particular expense, and then placed that amount of cash into a paper envelope. When they wanted to spend money in that expense category, they took cash from the envelope. When the envelope was empty, they knew they had used up their budget for that expense. BudgetMagic is today’s version of the same concept. Instead of cash and paper envelopes, BudgetMagic uses virtual money in Electronic Envelopes.
