Money Folders

Like alot of Finance Bloggers, I also encourage the use of the “envelope system.” The envelope system is a budgeting method wherein your spending money is divided into budgeting categories and cash is designated for each category. I use an small accordion envelope for this purpose. But if you do not use cash, but use debit or credit cards, then Money Folders will certainly help you track down all your spending / expenses per category.

Lynnae of Being Frugal have a splendid review on the Money Folders and she gave out several reason why she liked the Money Folders. To read her review, click here.

The desktop application is worth $29.95– yes, sad to know that it is not for free, but there is a free trial version available, so you can try before you buy. Also, it comes with a 30 day money back guarantee, so you can be sure of your purchase. And thanks to Lynnae– if you enter the code ” beingfrugal “, you get 25% off the purchase price, bringing the total down to $22.46!

Are you currently using any accounting or budgeting tools? Share your experience with us here and win some cool prizes courtesy of who else? Me!

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