Software Review- Mvelopes

As I was surfing various personal finance forums this morning, I came across a poster who mentioned a budgeting software item called Mvelopes. The program interface is Windows browser based view and shows you a breakdown of each category and sub-category with an envelope icon for each one. You can enter your monthly income manually, or if you have direct debit with your employer and enter your online bank access information, it will update automatically.

Each envelope shows you your budgeted balance for the month and the amount remaining as money is spent. If you link your checking account and credit card accounts, the software will recognize what category each expense should be drawn from and reduce the amounts accordingly. You also have the option to move budgeted money remaining from one envelope to another for flexibility, yet you still maintain your budgeted goal.

The program offers a 30 day trial and is a more user friendly, simpler version of quicken basic. The website http://www.mvelopes.com has a short demo video of the interface and some of the features. Check it out!

Tim Haibach
PFDaily