Delete Collection?

Are you sure you want to delete this collection permanently?


Delete Collection?

Are you sure you want to delete this collection permanently?


This Budgeting App Makes Technology the Serious Contender for Financial-Minded Masters

You'd have to be a "master" if you're a die-hard budgeter especially in this day and age when technology seems to help you SPEND money!

Make no mistake: this app (and website platform) is definitely for the seriously money-minded.... Not in terms of spending and spending and spending. And believe it or not, it doesn't mean this app will actually keep you from spending and save, save, save either! It won't limit you. It won't set a 'boundary', so to speak. Rather, it empowers you to focus on the age-old timeless best practice existing since the day paper was invented.

Remember the Envelope System?

Those of us who actually still have that little thing called "dollars" in our pockets might actually know what that is. In this day and age when cryptocurrency rules cyberspace and the digital banking stratosphere, and plastic cards seem to get passed around even more than paper checks, you'd be hard-pressed to find someone answering immediately when asked the question: What is the "envelope system"?

When you got your income in -- usually in big paper bags, we think -- the common adage in terms of financial responsibility was to stick certain amounts of money in separate actual envelopes. Then you basically stash them away and sort of 'forget' about them. This ensures you don't spend any of that money. You've designated certain 'roles' for the money you've made.

The system worked quite well until banks made it easier for you to, well, remember where your money is and not lose any of it. Because, let's be fair -- it's easy losing coins and dollars in the sofa. So someone had the smart idea to create BANK ACCOUNTS. And to make it even easier, you can manage these accounts ONLINE! I know, right? Crazy.

Needless to say, this proved to be a novel idea, one of convenience. The problem was technology also made it that much easier to spend all of your money on stuff not designated with an "envelope." Which made you broke. Hence debt, and more debt. People going out of business. People going bankrupt. You get the picture.

The Fact Is the "Envelope System" Stopped Working All Because of That


But YNAB took that same system and implemented it digitally through a die-hard logistical and responsible plan of action practically forcing you to assign a "duty" to each dollar you make. You can kind of call them "digital envelopes" if you want.

This isn't for the timid. The fact is you can break these rules if you want to. It's not like you don't have access to your own money using this app. But if you're that serious about saving money, the technology is designed to keep tabs on your "digital envelopes" for a price of $83.99 a year, or $6.99 a month, after a 34-day free trial. Here's one particular bonus if the price sort of scares you a bit: students get 12 months free! All you would need to do is provide proof of your enrollment.

What You Have to Understand Is That YNAB Makes You RESPONSIBLE

So when you think about it, the cost of this app is well worth it. The technology took one of the oldest budgeting systems known to man and digitized it for you. You sync your bank accounts automatically through this app/website, categorize specific amounts toward everything from "entertainment" to "bills" to "pizza," or what have you.

Then all you need to do (and for some, this may be the hardest part) IS FOLLOW THE PLAN.

I personally find that worth every penny especially with everyone saying that technology seems to be "taking over everything" and turning us into mindless nobodies. Guess what: we still have the power, we're still masters of our destiny. We just like to use technology to help us stay that way, okay?

Now throw those envelopes away, man.

Related Articles

From Plasma to LCD, and LED to touchscreen, the display screen technology has come a long way in the past two decades. Undoubtedly, mainstream companies such as Nokia, Samsung and Apple have contributed a lot towards innovative technologies to enhance the user experience. Not to forget, the invention of active-matrix organic light-emitting diode (AMOLED) displays in 2008 that is acting as the basis for next-gen devices. Building upon this technology, Samsung and LG rolled out their curved-screen smartphones in 2014. This launch has fuelled Samsung’s ambitions to release infold, outfold, rollable and stretchable AMOLED displays. Notably, Apple has patented designs of rollable smartphone which folds like an ancient scroll.

Let’s dive a little deeper into the flexible screen technology, which seems to conquer the future soon.

Flexible Display Technology...


Literally, a flexible display screen is an electronic visual display which is movable in nature. This is a type of OLED that has a flexible plastic substrate on which the electroluminescent organic semiconductor is deposited. Or, in layman’s language, a flexible screen is a display made up of flexible materials like plastic instead of traditional rigid glass. Unlike the prevalent traditional flat-screen displays that are used in the majority of electronic devices, the flexible screens will be bendable.


Better longevity: As these displays will be made out of plastic, they might offer more longevity as compared to the traditional glass.

Lightweight: As it is a known fact that plastic is lighter than glass, flexible display screens will be definitely lighter than the traditional glass displays.

Leaner dimensions: The flexible display screens have the capability to be manufactured in thinner dimensions and different shapes unlike the traditional rectangular screen.

Unbreakable: There might be a possibility to incorporate unbreakable plastic into the flexible display screens.


Inflexibility of circuit board: There are a lot of things going on with a flexible display. There are many different materials – conductors, semiconductors, insulators, substrates – that can be combined into a very thin film.

Less reliable: As there is a flexible plastic substrate on which the electroluminescent organic semiconductor is deposited, there might be incidents of accumulation of screen diodes on the foldable portion of the screen after a long span of wear and tear.



The flexible smartphones by Samsung, including Galaxy X or Galaxy F, will feature two inside panels with the foldable technology and one outside panel. On being unfolded, it will have a 7.3-inch screen. Also, the technology giant plans to roll it out at a cost ranging from $1850 to $2000. Apart from Samsung, Huawei is also rumoured to be launching smartphones with flexible screens in early 2019. Moreover, the company is said to launch these smartphones with flexible screens at a competitive price, thus giving an edge to Samsung.

While a lot of talking has been done about flexible display screens, those with a soft corner for technology can’t wait for long to bend and stretch their smartphones or have a laptop-like experience on their mobile devices!

Reference Image