Just label the envelopes, file expenses in the right place, and the software does the rest. This works pretty much like stuffing receipts into an envelope at home. Banktivity allows for envelope budgeting.
The budgeting features on the software are traditional and straightforward with one exception. There is a net worth report which will allow individuals to view their overall solvency with a single click. The reports can be saved and compared against reports from another week, month or even another year. Banktivity will do that with just a couple of clicks. Budget software is at its best when it can point out areas where spending is a problem. The report function helps to summarize spending. Create a fast food tag, enter restaurant purchases in that category, and the search results will show how much money has been spent on trips to the drive-thru in a given month. This is useful if users want to know how much they are spending on specific things. There is also a tagging function which allows users to define custom tags that can be searched.
It can be customized in a couple of hours. These workspaces are useful for getting a complete picture of one's finances. For example, a user can pull up their recent bank transactions in one workspace and view their stock portfolio in another. The software must be downloaded or installed on a Mac, but once this is done the program can be synchronized with apps for iOS devices.īanktivity incorporates workspaces to let users access multiple sections of the program simultaneously. Banktivity aims to help users reap the benefits of sound budgeting by providing an all-in-one suite of financial tools. Overall Opinion: When done properly, personal budgeting can be beneficial.
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