The "envelope method" is a way of budgeting where you divide your money into different envelopes for different expenses. It helps you stick to a budget and know how much you have left to spend on each category. Full definition
With the physical envelope method, you open your bag, select an envelope and remove the cash. (gobankingrates.com)
Finally, every money - minded frugal family would do well to download an app like GoodBudget, using the tried - and - true envelope method to keep track of finances, budgeting and spending. (policygenius.com)
You could use the age - old envelope method to set aside money for various projects, gifts, and plans for the future, or you could make sure that you only bring a certain amount of money with you when you go to a store. (perspectivesoftroy.com)