This column is where this system stands out. It is just a simple SUM(B13:G13) formula which picks up the totals of every expended amount and subtracts it from the total of each budgeted amount. It then shows how much you should have available in each expense area. IMAGE NOT AVAILABLE HERE For example, you will notice that each income period ษ has been going into the electricity account. Your electricity bill is charged every 60 days so you need to accumulate these funds for when the bill arrives. This account is now showing a total of ๛ held.
Alternative Approach: Use Virtual Envelopes for most of your Spend Categories _ In today's electronic world, there's a version of the envelope system that can take the old proven approach and revamp it for the 21st century: Virtual Envelopes. Built on the solid foundation of the Cash Envelope system, Virtual Envelopes works seamlessly with your existing cash envelopes and your budgeting worksheets. The only difference from Cash Envelopes is that for some budget categories you will now deposit the cash into your bank or credit union and manage those categories online, or "virtually." Hence, the term Virtual Envelopes.