Review of Mvelopes Money Management System

Has credit card spending become unmanageable? Have you lost track of where all your money goes each month? What if you could try a tool that allows you to see every penny of your spending, across all accounts, in real time? Perhaps one of the most innovative household budget monitor available, Mvelopes is completely online. This means there is no cumbersome software to download, and you can access your account information from any computer in the world. Mvelopes is confident that their product is the best way to increase control over spending and eliminate debt. In fact, most users experience a 10% spending decrease after just a few months of using the program!

Based on the method of cash envelopes, Mvelopes allows you to set an assigned cash amount to each budget category, or envelope. This envelope needs to be funded prior to spending from it. A quick glance at your account will tell you how much you have left in your envelope, and how long it has to last you until you can fund it again. Following this system eliminates the possibility of living beyond your means, and guarantees that debt will not increase over the course of the program.

In addition to keeping you accountable for your envelope spending, Mvelopes Personal Budgeting System keeps track of spending accounts, as well. All checking, savings, loan, and credit accounts are easily accessed from one main screen in the Mvelopes Budget Center. (The only downside to this product that I found was that certain very small financial institutions may not be available for online access, and would require manual updating to the program.) An unlimited number of accounts can be viewed in detail each time you log in to your Mvelopes account. This program also conveniently eliminates the need to manually track transactions or log in to individual accounts to keep on top of your finances. And because you will always have up-to-date transaction information from all of your accounts, you can stay on top of any discrepancies and stop potential identity theft and fraud before it gets out of hand!

In addition to the obvious budgeting tools that are included in the Mvelopes Personal Budgeting System, there are also several exciting free resources available to all users. A financial fitness quiz, personal printable budget calculator, debt calculator, financial forums, articles, and a complete 5-day budgeting e-course are all provided to users free of charge, and they are certain to help educate and encourage responsible household budgeting and financial freedom.

Mvelopes Personal Budgeting System is an innovative approach to a very classic financial concept. Perhaps one of the most user-friendly and easy-to-learn methods of household budgeting, Mvelopes is quick to start and takes hours off the traditional tasks of account reconciliation and bill payment. I really enjoyed how easy the program was to use, and I was very shocked to see some of the places that my money went each month! I was also very impressed with friendly and helpful customer service centers available via email, phone, or live chat, who helped me with all of my technical and support questions.

Readers of Lille Punkin’ can try Mvelopes Online Budgeting tool FREE for 30 days!

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