NeoBudget is web-based budgeting software that you can use to manage money online anywhere there is an Internet connection. Like all envelope budgeting software, NeoBudget uses images representing envelopes to show much money as been set aside to pay bills or for savings.
Setting Up an Online Budget:
Setting up your budget with NeoBudget takes about 10 minutes:
- Enter a name for your first account.
- Create envelopes, which represent bills or spending categories.
- Create a Paycheck plan to automatically distribute income across envelopes. Left over funds are held in the Unallocated envelope.
- Enter the beginning balance for your first account and allocate the balance across envelopes.
Create the other financial accounts and envelopes for your online budget by clicking on the links on the account summary screen or by clicking on Settings, then the Accounts or Envelopes tab.
NeoBudget is Secure:
Since no account numbers or other identifying information is required, personal financial information remains secure.
First impression of NeoBudget online envelope budgeting software:
The NeoBudget introductory information mentions advanced tools for analyzing spending over time, but I only found some basic graphs. The graphs report spending patterns for analysis but I would not define them as being advanced.
- I like the included Consumer Debt Worksheet, which generates plans for reducing debt.
- NeoBudget is easy to navigate. Add funds to, subtract funds from or transfer funds between envelopes by clicking on a tab at the top of the screen.
- Although you cannot directly download transactions to NeoBudget, you can import transactions after first downloading them from your financial institution. This saves time.
- Transactions can be split across multiple envelopes.
NeoBudget gives you a free trial for a month, thereafter, the cost is $2.50 per month. You can learn more and sign up to use NeoBudget at www.neobudget.com.
