- The Wisdom Journal - http://www.thewisdomjournal.com/Blog -
A Fabulous Budgeting System
Posted By Ron On May 21, 2009 @ 6:30 AM In Budgets,Life,Money,Personal Finance | Comments Disabled
If you have used virtually ANY budgeting  software system, ask yourself, are you any better off financially? Most people find they’re not. In spite of everything your software does, it does not solve the fundamental problem that keeps most people from achieving their financial goal of managing their spending.
The key to managing your finances is budgeting, but not in the traditional way. Most budgeting  systems use the traditional “after-the-fact” approach: basically a month-end reconciliation of budget  to actual spending, which simply does not work. Imagine trying to manage your grocery or clothing  spending but not knowing how much you have spent in each category until the end of the month. It just doesn’t work. You need accurate, up-to-date information for each spending category right when you make a spending decision. You cannot wait until the end of the month, or you’ll find you have overspent yet again.
I’m thrilled with a budgeting  system called Mvelopes Personal  that is revolutionizing how people budget  and manage their money. Mvelopes Personal  modernizes this same envelope concept using advanced Internet technology. You can now manage your finances in just a few minutes a week allowing you to get out of debt and save for the future. Mvelopes  will give you the piece of mind to spend with confidence, knowing the money is set aside for each expense. Quite simply, budgeting  with Mvelopes  will help you manage your personal finances BETTER.
Mvelopes Personal  has many features that are just not available in other personal finance systems. Features like anytime, anywhere access, automatic transaction retrieval from over 14,000 supported institutions, and many other unique features make Mvelopes  stand out.
|Uses the envelope system – spending accounts that function like a checkbook for each spending category|
|Automatically allocates monthly income to each spending account, with auto-rollover of balances|
|Tracks spending against income by updating spending
account balances as purchases are made
|Supports over 14,000 financial institutions|
|Tracks credit card  purchases and automatically sets aside
money to pay them off in full each month
|Available completely online. Accessible from home, work or anywhere you have Internet access.|
|Mvelopes costs HALF of what Quicken charges (Mvelopes compared on a monthly basis to what you would pay for Quicken).||As
little as $7.40
Other budgeting  systems use an “after-the-fact” budget  reconciliation strategy. This means that you don’t know how much you’ve spent until you reconcile at the end of the month. Budgeting systems such as 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
you have left to spend which enables you to make informed spending decisions. More 
With Mvelopes Personal , you get all your transactions from all your accounts at once. Mvelopes  simultaneously connects to all your financial institutions and retrieves all your checking, savings, and credit card  transactions at once. You don’t have to enter in any of your data! And no other personal finance program offers more supported financial institutions than Mvelopes  – over 14,000 banks and credit cards !
Until now credit cards  made keeping to a personal budget  almost impossible. But 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 and avoid finance charges.
You could find in using Mvelopes Personal  that many of your spending envelopes have money left over in them at the end of the month. By applying this money to debt reduction you can eliminate debt at a much faster rate, often in less than half the time. Once one debt is paid in full, you can roll that amount over into the next debt and continue to pay them all off at an accelerated rate.
“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.” –Stewart, Journeyman Electrician
Mvelopes  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 to worry about another late fee, postage or licking stamps. And payments can be made to ANY company or any one.
The Mvelopes Personal  budgeting 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 know exactly how much you have left to spend and make informed spending decisions. It also means no software install or yearly upgrade fees. You can be setup and managing your finances in
just a few minutes.
You can try the Mvelopes Personal  Budgeting System FREE for 14 days. If you choose to continue using the system pay just $7.40 – $15.95
a month. There is absolutely no risk for you!
The Mvelopes Personal  system gives you:
If you’ve tried budgeting using other software systems, Excel, or just a yellow legal pad and you’ve found that all you were doing was recording WHAT you did rather than actually PLANNING what you would do, give Mvelopes  a try. It’s free for two weeks — by then you’ll know that it works and I’m confident you’ll love it just like me.
Article printed from The Wisdom Journal: http://www.thewisdomjournal.com/Blog
URL to article: http://www.thewisdomjournal.com/Blog/fabulous-budgeting-system/
URLs in this post:
 Tweet: https://twitter.com/share
 budgeting: http://www.thewisdomjournal.com/Blog/go/budget.php/
 clothing: http://www.thewisdomjournal.com/Blog/ways-to-cut-your-clothing-costs/
 Mvelopes Personal: http://www.thewisdomjournal.com/Blog/go/budget.php
 Image: http://www.shareasale.com/r.cfm?b=369759&u=290897&m=29822&urllink=&afftrack=
 credit card: http://www.thewisdomjournal.com/Blog/credit-card-information/
 The Wisdom Journal: http://www.thewisdomjournal.com/Blog/
 subscribe today: http://www.thewisdomjournal.com/Blog/welcome.php/
 Twitter: http://www.twitter.com/wisdomjournal/
 Facebook: http://www.facebook.com/pages/The-Wisdom-Journal/147054648679421
Copyright © 2008 The Wisdom Journal. Some rights reserved.