How can I do something like the "Envelope System"

[Rafferty Uy]

Hi,

Does anyone know how to do something like the envelope system? Here's the
idea:

You have a payroll account, where every month a fixed amount is deposited by
your employer.
You want to allocate this amount to different "envelopes", but all kept in
your bank account.

So for example you have a bank account with a total deposit of $1000, you
know that this $1000 is composed of $200 in savings, $300 in bills, $400 for
daily necessities and $100 for unplanned things.
Is there a way to do this automatically for every pay day?


Thanks in advance.


Rafferty D. Uy
Software Engineer @ ease solutions Pte. Ltd.
MBA Student @ National University of Singapore

"Business is a game, the greatest game in the world if you know how to play
it."
~ Thomas J Watson (Founder of IBM)