Prosperity is an excellent money management tool for businesses, personal finances, non profits etc. If you are using Prosperity for a business account you may be interested to know that your personal finances can be managed in an additional Prosperity portfolio. Personal budgeting has never been easier with our user friendly envelope system.

My husband and I have not only created our budget in Ascend but we’ve also created the necessary envelopes to fund our expenses. For instance we have a “Household Envelope” which includes the following categories: Mortgage payment, Water/Sewer/Garbage bills, Supplies, etc. Each month we are able to really plan for how to spend our hard earned money. Although I don’t like to see my envelopes in the red, meaning I have spent more than what I budgeted, it is an excellent tool that shows me when I am spending more than what I intended. We truly are spending on purpose since we’ve begun to use Prosperity for our personal finances.

If you are already using Prosperity for your personal finances and have a business you won’t believe how simple Prosperity can make the money management side of your business. If you would like to add an additional portfolio, please contact us either in Live Chat (via the support page of our website) or send us an e-mail at support@prosperityapp.com

There are two ways to add categories to your Prosperity portfolio. You can click on “Settings”, then Categories, then “Add a New Category”. Remember to select either “Expense” or “Income” category. Name your new category and then you will be able to associate this category with a specific envelope if you choose to. However, you can also add a category WHILE you are inputting a transaction. If you find you are inputting a spend transaction and find that you do not have an existing category you can click the down arrow under “Tax Expense/Category” on the spend screen. Then click “Add New”. Name your category and associate it with an envelope all in one step! If you want to add an Income category click “deposit”. Once you’ve filled in the amount, date, account, payee etc. you can click the down arrow under “Category” and then click “Add a New”. Then name your new income category and save it! We call this adding categories on the fly! Try it, we know you’ll like it!