A simple way to summarize the personal finance control system is as follows:
- The Envelope system - placing the budgeted amount from a paycheck into actual cash envelopes
- Checkbook register system - tracking expenses and finance activities in a checkbook register categorized into spending plans
- Electronic spending plan system
I decided to do this break down so that when I go into my apps and spreadsheets discuss, you do not get confused wondering what the point of it all is. If per adventure you find yourself puzzled, just cast a quick glance at the summary above to get you on track.