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Q: How do I group my Envelopes? How does that help?
It’s quite simple to group your Envelopes. When you name your Envelopes via Edit Budgets, use colons “:” — like Food: Eating Out and Food: Groceries. On the web, your Envelopes Overview and Reports will group these together. You’ll see whether you’re on track in each Envelope and also how you’re doing with the whole Envelope group.
Which Envelopes should I group together?
Well, that depends on what you want. If you have a lot of bills (cell phone, power, water, trash, cable, etc.), you might be getting a report that shows all your bills separately, like this:
To see how much you spent on all your bills together, while still tracking cell phone, water, and power separately, name your Envelopes like this:
- Bills: Cell Phone
- Bills: Water
- Bills: Power
- Food: Groceries
- Food: Eating Out
You’d get a cleaner, simpler report that shows how much of your budget goes toward Bills.
Another way we’ve seen people use Envelope groups is to track spending between different members of a household. For example:
- His: Gasoline
- His: Fun Money
- Hers: Gasoline
- Hers: Fun Money
- Ours: Rent
- Ours: Groceries
This enables the two partners to see how much they’re spending on shared expenses and how much they’re each spending on separate expenses.