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Most People Spend 10% More Than They
Make! You probably know how much money you made last
month, but do you know how much money you spent? Or do you know how much
money you have left to spend this month? If you don't you're not alone,
most people have no idea. The fact is most of us spend 10% more per
month than we make. That comes out to $431 per month based on the
average American income. No wonder the average credit card debt is now
at $8,500!
So why is it so
difficult to track your spending? Today we live in a near "cashless"
society. Using debit cards, credit cards, automatic deposits, and wire
transfers we rarely even see our money. It's easier than ever to spend,
spend, spend!
A New Way To Manage Your Money
Traditionally, many people managed their money by dividing their cash
into several paper envelopes. An envelope for food, entertainment,
utilities etc. They then spent their money from these envelopes. They
always knew how much money they had left to spend, and how long it had
to last.
Mvelopes Personal is a breakthrough in budgeting and spending
management that modernizes this same envelope concept using advanced
Internet technology for today's nearly "cashless" spending world.
Top Reasons To Use Mvelopes Personal
1. Recover 10% of your income from hidden
spending
By knowing where your money is going and setting up spending evelopes
beforehand, Mvelopes users have been able to save 10-20% of their income
each month. Mvelopes helps you eliminate hidden spending from all those
little purchase that add up to more than you think. With better tracking and
forecasting, you can recover that extra 10% each and every month. Over the
year that really adds up! If you make $40,000/year that's $4,000 dollars you
could save and put to better use.
Sande,
Photographer
"I had no idea that I was spending $400 per month on gardening! Mvelopes
Personal has helped me save $350 per month and put it toward debt
reduction."
2. Always know how
much you have left to spend in every budget category
Quicken® and MS® Money both use
after-the-fact budget reconciliation. This means that you don't know how
much you have spent until it's too late. Quicken and Money simply do not
help you manage your spending or teach you how to effectively use a budget.
Mvelopes Personal provides you critical balance information for each
spending category at all times. You always know how much money you have left
to spend and how long it has to last, enabling you to make informed spending
decisions.
Stacy,
Cosmetologist
"I love Mvelopes Personal because it actually sets aside money for
upcoming periodic expenses. All the other "budgeting" programs we tried
were only good for tracking what we had already spent - not telling us
how much was left to spend from before we made a purchase."
3. Automatically track all your purchases
With Mvelopes Personal, you get all your transactions from all your accounts
at once. Mvelopes simultaneously retrieves all your checking, savings, and
credit card transactions from your financial institutions at once. You
decide which envelope budget category to assign each transaction to, and you
don’t have to type in any of the information ! Getting all this information
automatically saves you time and money. No other personal finance program
can do this!
Annette,
Homemaker
"Before Mvelopes, we would discuss purchases but not know exactly where
the money would come from… Now I feel much more in control of our money
and not controlled by it."
4. Effectively manage credit card spending
Mvelopes Personal’s credit card spending tracker knows every time you have
used a credit card to make a purchase. It sets aside money from your
spending envelopes into a credit card payment envelope. This enables you to
pay off your purchases in FULL each month. No more costly finance charges
and interest payments for you!
5. Quickly eliminate debt
People who use Mvelopes Personal have found that many of their spending
envelopes have money left over in them at the end of the month. By applying
this money to debt reduction they eliminate debt at a much faster rate,
often in less than half the time. Once one debt is paid in full, they roll
that amount over into the next debt and continue to pay them off at an
accelerated rate. You too can eliminate your consumer debt before you know
it using Mvelopes Personal.
Stewart,
Journeyman Electrician
"My wife and I have been using Mvelopes Personal for over 4 months and
have eliminated ALL of our consumer debt! It has saved us more than once
from impulse buys and unnecessary finance charges. Once you've used it,
you'll wonder how you ever lived without it."
6.
Never miss a payment again
Mvelopes Personal includes a
full-featured bill pay service ,
which helps you easily create and manage payments online. You will never
miss a payment again. You’ll never have another late fee. Payments can be
made to ANY company or person - up to 20 per month. Save more than $7.00 in
postage alone, not to mention the time you'll save. It’s so convenient and
easy!
Phillip,
Financial Consultant
“I love online bill pay! It's so much easier and faster than writing out
all those checks and this way I never have to worry about whether or not
I remembered to write all the checks down in my registry. Paying bills
takes me so much less time now!”
7. Anytime, anywhere online access The Mvelopes Personal system
is completely ONLINE. That means you can access your information from
anywhere, at anytime--all you need is an Internet connection. This allows
you to always make informed spending decisions and always know exactly how
much you have left to spend. It also means no software to install or yearly
upgrade fees.
Jennifer,
Advertising Consultant
“Each fall I like to buy a season pass for Alta Ski Resort. Since I’ve
started using Mvelopes, it is so much easier now to pay for it. Rather
than having to come up with the whole amount at once, I set a little
aside each month. Then when September rolls around, I already have the
cash to pick up my pass. Now I just have to wait for the snow!”
8. Try Mvelopes free for one month and see
for yourself
You can try the Mvelopes Personal System FREE for one month. Once you’ve
tried the system, we know you will love it. There is absolutely no risk or
obligation! If you choose to continue using the Mvelopes Personal system pay
as little as $9.95 a month, and of course you may cancel at any time, there
are no contracts.
See competitive cost comparison.
The Mvelopes Personal monthly service gives you:
Complete Online Spending
Management System
Instant access to your spending plan and all of your financial information
anytime, anywhere. Everything you need to successfully manage your
finances.
Automatic Transaction Retrieval
Retrieve
all your transactions from all your online financial
institutions and credit cards, at once.
Full-featured Bill Pay
Service up to 20 payments/month including postage.
Mportfolio™, Portfolio
Account Aggregation . Track your investments, mortgage, car loans,
loyalty programs, e-mail accounts and more - all in one summarized page
view.
Personalized Coaching and
Support . Never
pay to speak to a customer support representative again, plus get free
budget coaching.
