What are the Drawbacks of the Envelope Budgeting Method? There are a lot of different budgeting methods out there. You need to choose the one that works the best for your needs and some of your financial style. What works for one person may not work the best for another. But for those who are renting and want to either get a nicer apartment, or who are looking to save up for a home, finding a successful budgeting method is going to make a difference....