When you get on the budgeting bandwagon, you face a host of perplexing decisions. Do I pay off my credit cards first or start building an emergency fund? What´s more important: saving for my kids´ college education or my retirement? The ensuing confusion causes many to abandon budgeting altogether.The Every Dollar app is part of personal finance guru Dave Ramsey´s `Baby Steps` method for providing budgeting newbies a road map. Think of it as the facilitator for the journey. Like YNAB, it´s based on the envelope method and the principle of giving a job to every single buck.Once you create an account on the website, you´re ready to build your first budget. Every Dollar starts you off with eight main budgeting categories: Giving, Savings, Housing, Transportation, Food, Lifestyle, Insurance & Tax, and Debt. You can add more to tailor your budget to your needs. You can also create savings categories-called `Funds` in Every Dollar parlance-which carry a month-to-month balance as you save toward your goal.To read this article in full, please click here
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