Comments on: Mvelopes Personal Budgeting Software Features Review http://onemoneydesign.com/blog/2010/03/04/mvelopes-personal-budgeting-software-features-review/ Helping people find true financial freedom. Fri, 10 Sep 2010 19:43:14 +0000 hourly 1 http://wordpress.org/?v=abc By: Jason Price http://onemoneydesign.com/blog/2010/03/04/mvelopes-personal-budgeting-software-features-review/comment-page-1/#comment-3464 Jason Price Thu, 04 Mar 2010 21:33:24 +0000 http://onemoneydesign.com/blog/?p=4603#comment-3464 Lakita, great question. I think you have to evaluate what helps you manage money the best. Some people would rather take out cash from the bank every month and fund physical envelopes. Personally, I like to keep it electronic. I fund my electronic envelopes by setting up a funding plan in the application for my deposits. I also drag and drop spending transactions into the envelopes versus physically spending cash out of them. A nice advantage to the electronic envelope budgeting is the abilty to run reports on all of your spending to see where you're perhaps over or under spending each month. Also, Mvleopes bill pay wil deduct spending from envelopes; everything ties in nicely together. An advantage to physical envelopes is that you might spend less (depends on the person) when you have cash in-hand versus a check or credit card. I'm sure there are other pros and cons, but hopefully,this helps. :) Oh, and for more information, here is a link to my Mvelopes review which covers more about the product: http://onemoneydesign.com/blog/2009/09/02/mvelopes-personal-finance-software-review/ Lakita, great question. I think you have to evaluate what helps you manage money the best. Some people would rather take out cash from the bank every month and fund physical envelopes. Personally, I like to keep it electronic. I fund my electronic envelopes by setting up a funding plan in the application for my deposits. I also drag and drop spending transactions into the envelopes versus physically spending cash out of them. A nice advantage to the electronic envelope budgeting is the abilty to run reports on all of your spending to see where you’re perhaps over or under spending each month. Also, Mvleopes bill pay wil deduct spending from envelopes; everything ties in nicely together. An advantage to physical envelopes is that you might spend less (depends on the person) when you have cash in-hand versus a check or credit card. I’m sure there are other pros and cons, but hopefully,this helps. :) Oh, and for more information, here is a link to my Mvelopes review which covers more about the product: http://onemoneydesign.com/blog/2009/09/02/mvelopes-personal-finance-software-review/

]]> By: Lakita (PFJourney) http://onemoneydesign.com/blog/2010/03/04/mvelopes-personal-budgeting-software-features-review/comment-page-1/#comment-3463 Lakita (PFJourney) Thu, 04 Mar 2010 18:15:36 +0000 http://onemoneydesign.com/blog/?p=4603#comment-3463 Jason, What do you see as the advantages / disadvantages of using Mvelopes software vs tangible cash envelopes? Jason,

What do you see as the advantages / disadvantages of using Mvelopes software vs tangible cash envelopes?

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