How is Mvelopes different from other personal finance programs?
If you have used Quicken or Microsoft Money, ask yourself, are you any better off financially? Most people find they’re not. In spite of all that these programs do, they do not solve the fundamental problem that keeps most people from achieving their financial goals – managing their spending. Quicken and Money use the traditional after-the-fact approach, basically a month-end reconciliation of budget to actual spending. With these programs, money is assigned to spending categories only after it has already been spent. You can then run reports in order to see where your money went so you can try better “next time.” It’s a reactive approach to budgeting, which simply does not work. The key is not only looking back to see where your money went, but also looking ahead to plan where you want your money to go. Mvelopes Personal lets you set up a spending plan, dividing your money into spending categories based on what you plan on doing with the money as it is received as income. Mvelopes the
