How will Mvelopes help me get out of debt?
Mvelopes users have found that by closely managing their spending, they are able to eliminate overspending and even save extra money each month. In many cases, there will be money left in several of their discretionary envelopes at the end of the month. By sweeping those extra amounts into current debt payments, they quickly eliminate their debt. If they have more than one debt, when that first debt is paid in full, they roll that whole payment amount plus the extra into their next priority debt on the list and so on until all their debts are paid off. Once they are debt-free, they roll those former debt payments into savings and investments to provide a more financially stable future for themselves and their family.
