Spending Plans/ Budgets
The Compass Budget
Do you know how your great grandparents kept a budget before people used checks, credit and debit cards and online banking? Simple! They used the cash-in-the-envelope system. They labeled envelopes for various spending categories and at the beginning of the month put a budgeted amount of cash in each envelope. And, for example, when the “clothes” envelope was empty, they didn’t spend anymore on clothes that month. It was simple and effective. You’ll use a similar system with the Compass Spending Plan!
Mint.com lets you see all your balances and transactions together, on the web or your phone. Mint automatically pulls all your financial information into one place, so you can finally get the entire picture.
- Mint automatically updates your information every night and categorizes everything for you.
- Mint has more than 4 million users who know their information is always secure. That’s because Mint uses 128-bit SSL encryption–the same security that banks use–and all data is protected and validated by VeriSign and TRUSTe.
- Manage your personal finances in real time and on-the-go with free mobile apps for iPhone and Android. Check your accounts, track budgets, and edit info right in the apps.
- The fees that banks pay Mint for introducing new customers allow them to keep the service free for users.
To begin using Mint go to www.mint.com