Envelopes is a virtualisation of the envelope budgeting method. It is simple to use and allows you to keep a close eye on where your money is being spent, but without the need to keep paper envelopes filled with cash around.
∙ Create unlimited envelopes and order them to your preference.
∙ Set up a budget with Quick Deposits and distribute your income to all your envelopes at once.
∙ Create withdrawals, deposits, and transfers with custom memos to track your spending.
∙ Secure your data with a passcode, and use Touch ID or Face ID if supported by your device.
iOS 11 and iPhone X support.
Ratings and Reviews
I bought this app because Envelopes 2 finally died. Without warning. I didn’t even know this version existed until I went to the App Store to find an easy, similar envelope budgeter (so uh... thanks for the A+ customer service, guys.) It’s definitely not worth $7, but for it is it’s great. EXCEPT that it’s missing two QUITE IMPORTANT facets that were in Old Faithful: Notes, and Auto-Budget. Yeah yeah, if you put the same amount in, don’t set a budget for it, blah blah blah. But if you don’t know how much you’re getting each pay, it’s SO MUCH EASIER to Auto-Budget and see what’s leftover for saving or spending! Notes alone would be useful, but without both it’s just crippling. For $7 I would expect full functionality and - as a whim- more than 10 envelope colors (two of which are nearly identical??)
I had the older version—which was previously free. I feel like these apps (old and current version) are the same. They do have the ability to write a note for each transaction. The color scheme and look is different and the layout looks cleaner.
I am putting it at 3/5 stars because it is $7! I tried a tooooon of different apps out there to have another free app, but I wanted something simple like this. So with that said, why is this simple app $7? It does the trick though.
Update: I’m putting it at 4/5 because there are some features I like with this version: How to auto fill budgeted amounts (all or just selected envelopes). I like the layout of how the transactions appear in each envelope too.
Easy way to track spending
I've used this app for a little over a month now and it has helped keep me from over spending. It has a clean appearance and is easy to use. When I make a purchase with my debit card or checking account I add the expense in the app right then in a couple seconds. Much easier than having real cash envelopes and dealing with that mess. First set up a budget and at the beginning of each month fill your envelopes with the categories you determine then record each transaction. I made it 26 days before running out of money, without the help of this app it would have been a lot less.
With Family Sharing set up, up to six family members can use this app.