Why Cash Budgeting?
We are using an envelope system to track expenses for each month and control unnecessary spending. We previously did not keep a budget, but decided to do so because we believed that we had some unnecessary spending leaks. We had tried electronic budgeting (using Quicken / Microsoft Money) but it failed several times for various reasons, but I might have done better if I had seen these instructions. The problems I saw with typical Quicken tracking were: • Quicken was time consuming to set up when you have a more than basic situation. We have a small LLC, several accounts, a few loans, and credit cards. • Quicken was time consuming to maintain. It had a difficult time learning several categories of spending. I found myself constantly telling it what to classify expenses from the same merchant that I had already classified. (I tried multiple versions including 2007. Maybe the problem is my bank, but the software should be smarter. • Quicken encourages tracking net worth is not as importan
