Using this effective cash-based budgeting tool in a cash-less society

Adapting the Envelope Budgeting System to a Digital World

by Gary Foreman & Shane Tripcony

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The Digital Envelope Budgeting System

The envelope budgeting system has been around for decades and those who use it swear by its success in helping one maintain a budget. But it requires that you carry cash. And many of us rarely carry the stuff these days. How can this effective budgeting tool be used by those who only carry a debit or credit card and do all banking online? In this edition of Ask The Dollar Stretcher, Gary Foreman, editor of The Dollar and Shane Tripcony of explain an easy way to adapt the envelope budgeting system to today's cash-less world.

If you have a question for Ask The Dollar Stretcher, email it to Gary.

Shane Tripcony is a blogger in the personal finance arena, web marketing consultant and the co-founder of

Gary Foreman

Gary Foreman is a former financial planner and purchasing manager who founded The Dollar website and newsletters in 1996. He's the author of How to Conquer Debt No Matter How Much You Have and he's been featured in MSN Money, Yahoo Finance, Fox Business, The Nightly Business Report, US News Money, and Gary shares his philosophy of money here. Gary is available for audio, video or print interviews. For more info see his media page.

For more helpful videos on living better for less, visit the TDS YouTube channel or the TDS video index.

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