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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 |
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!
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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.
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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!
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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.
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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.