“Knowing that money is there when we need it–that’s fantastic!”

Cindy, her husband, and family dog

Cindy, her husband, and family dog

Earlier this month, Cindy (from Putnam Connecticut) shared the following comments with us:

I began using Mvelopes in April 2007.  My husband had a very serious injury and was unable to work.  Even though we received a paycheck throughout the eight months he was out of work, there was still the worry of medical bills.  It seemed as though everything was out of my control . . . then I found Mvelopes!  I cannot tell you how helpful it was to spend time learning about Mvelopes and setting up a spending plan. It actually helped take my mind off things that were beyond my control and focus on things that I could control!

We are very fortunate and have a secondary home, but with that home comes two sets of bills.  Even though there was enough money to pay those bills, I found it difficult to manage double of everything. We aren’t really big spenders, but we were living paycheck to paycheck. I never really had a budget or any idea of how much I spent for Christmas or anything for that matter.  When tax time came around I spent hours digging through drawers trying to find check registers to determine our charitable giving.  I no longer have to do that.  Now, when my husband asks, I just print out an envelope report. My husband is so impressed, he even brags about Mvelopes now.  Using Mvelopes has allowed me to have a savings, to have money set aside in the summer for winter plowing and fuel and . . . I could go on and on.

I love Mvelopes and have recommended it to my friends and family and will continue to do so. Thanks so much for providing such a fabulous tool!

After reading Cindy’s great comments, I telephoned her and asked her to share a bit more information about her use of the Mvelopes money management system.  I asked the questions, and Cindy provided the following answers:

Q:  How long have you been using Mvelopes?

A:  Almost two years.

Q:  How has Mvelopes assisted you in living within your income?

A:  Most of all, it has identified where I am spending my money.  I didn’t have a problem with paying bills or being late on bills, but it has really helped us see where we’re spending our money.  It has also helped me budget for things I was forgetting that I needed to budget for.

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“There’s no more guessing about where we’re spending our money.”

Julie and her beautiful family

Julie and her beautiful family

Today’s success story comes from Julie of Lexington, Nebraska.  Last year, not long after Julie and her husband had signed up for Mvelopes, she shared the following comments:

Before Mvelopes we were using the cash envelope system. We were starting to use a budget, get out of debt, and spend less. But we found that we still ended up using our debit cards because only one of us had the cash envelopes at a time. We continued to feel defeated because we were trying to be good stewards, but didn’t always know where our money was going.

We were looking online for resources and found Mvelopes. After watching the video tutorial my husband and I said “Let’s try it!” That was several months ago, and now we don’t know what we ever did without it!! We know each day where all of our money is going, whether it’s our clothing, entertainment, grocery, or other “envelopes.” It’s so fun and easy (takes about 5 minutes) to allocate our money into the designated envelopes each day. At the end of each month we always have excess to put into savings, which we continue to be amazed about! We’ve also, in the last couple of months, started a “Christmas envelope” so when December gets here we aren’t wondering where present money is coming from, and a vacation envelope to take weekend trips as a family that we’ve already prepared for.

Thanks Mvelopes for changing our lives and helping us to not be stressed each month about our finances!

We wanted to see how things were going for Julie and her family now, so I telephoned her and asked the following questions:

Q:  How long have you been using Mvelopes?

A:  Over a year.

Q:  How has Mvelopes assisted you in living within your income?

A:  Since we’re able to upload information from our bank account, we are able to allocate every penny that we spend, even when using our debit card, etc.  We know exactly where our money is going and we’re also more likely to not overspend because we have a budget.

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We’ve met and exceeded our goals, without stress!



Not long after Erin (from North Carolina) began using Mvelopes, she shared the following comments with us.

I think this program is wonderful. Initially, we had a bit of trouble setting it up, but we were unwise, and did not use the available support, and the program sat unused for two months. During this time, we had been trying to reach our monthly saving goals, and not only were we not able to do it, but it stressed us out something fierce.

Happily, we tried again with Mvelopes. This time we used the available support, and very quickly figured out how to make this program work for us. Right away, we have been able to reach our savings goals almost effortlessly. This program is very easy to use, and makes keeping a budget a joy. I feel so self assured about our finances now. We are in a lot better shape than before, being able to meet and exceed our goals without stress. Thank you Mvelopes!

I followed up with Erin to get more information from her about how Mvelopes has made a difference in her life. We had a delightful conversation, as follows:

Q: How long have you been using Mvelopes?

A: Almost two years.

Q: How has Mvelopes assisted you in living within your income?

A: It has helped greatly. Actually, we have always been pretty good about living within our income, but it has really helped us save.

Q: How much consumer debt have you been able to eliminate during that time?

A: We had two mortgages and we were able to pay off the smaller one. That’s all the debt that we now have. Instead of buying a car and having a car payment, we saved up and were able to buy two cars. We paid cash for both cars.

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I no longer put off doing my budget

Craig and his beautiful family at Hershey, Pennsylvania

Craig and his beautiful family in Hershey, Pennsylvania

Craig (from Maryland) wrote about his appreciation for Mvelopes. Craig said:

I began using a budget about 18 years ago, keeping track using the envelope system of categories in a ledger book, pencils, and MANY erasers. I had heard about the envelope system on the Money Matters radio program. This worked OK but was extremely time consuming. I would procrastinate and I would get behind in my bookkeeping.

Some time later, I purchased our first computer and I was able to use a spreadsheet for the budget. This made storing the data easier, but data entry was time consuming, and I would get behind in my bookkeeping.

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February 2009 Release: Envelope Sweep and Performance Enhancements

We rolled out a new release to all of our users today that contains lots of good stuff including new features and performance enhancements.


• Envelope Sweep!

A large percentage of our users have requested this feature and we are excited to announce that it is now live!

This new feature will allow our users to move excess funds from multiple envelopes and re-balance any negative envelopes they have, all in one fell swoop. You can sweep money out of any envelope by entering an amount in the Sweep OUT column, or bring any negative envelope up to zero by entering an amount in the Sweep INTO column. The new envelope balances are displayed on the right side of the window and a difference is calculated at the bottom. Simply select a Sweep Envelope to transfer the difference to and click Run! Significant time and effort has gone into this feature, so please send us your feedback and let us know what you think.

Click on the Support icon in the app and search for the keyword “Sweep” in the Knowledgebase for more info on this feature.


Open Sweep Window by clicking this link

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Win a $500.00 stimulus check from Mvelopes

Video Success Story Contest

We want to see the success you are having with Mvelopes. Send us a short video of you telling us about how Mvelopes has helped you get on top of your finances. Make it fun, make it serious, it doesn’t matter.

Here are some of the questions you may consider answering in your video:

– How long have you been using Mvelopes?
– What financial goals has Mvelopes helped you achieve?
– What are your next goals?
– How has it helped reduce stress in your life?
– What advice would you give to new users?

Burn the video to a disc and send it to:

PO Box 1827
Draper, UT 84020
Make sure to include your name, email address, username and phone number.

All entries must be received by March 31 2009. The winner will be announced in the April newsletter and posted on Mvelopes.com. All submissions used on our site or blog will receive 3 months of free Mvelopes service.
All submissions become the property of Mvelopes to use at our discretion.

Losing Control

Many years ago, I-along with many friends and family members-got caught up in the trend (for me it was an addiction) of creating handmade greeting cards and scrapbooks using rubber stamps and other popular scrapbooking supplies. I frequently shopped at local craft and scrapbooking stores, attended workshops offered by rubber stamp companies, and literally spent hundreds of dollars on supplies that I “just had to have.” Now, as I look at the abundant supplies I amassed (some of which have never been used), I feel a great sense of remorse. I definitely wish that I would’ve been more prudent with my “extra” money. In fact, I’m embarrassed to admit that I often used credit to make impulse purchases! Looking back, I wish that I’d have put even a portion of that money into a savings account, or an “emergency” envelope, and I definitely regret adding to my credit card debt with purchases that I really didn’t need.

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“Mvelopes has kept us from getting into debt!”

Carey and his beautiful family

Carey and his beautiful family

Some time ago, Carey (from Ohio) shared with us the following comments about his appreciation for Mvelopes.

“A friend and his wife were over $60,000 in credit card and consumer debt! They were completely stressed at trying to move money around to keep up with their bills. It contributed much anxiety to their lives. They came and asked me for help and I suggested they get set up on Crown Mvelopes so I can help them track and manage their expenses.”

Carey continues:

“Because they live a distance away, it would have been almost impossible for me to really help them without the internet capability of Crown Mvelopes. They are no longer juggling money around and are now at the point where enough money is built up that they can begin to pay down the debt. They are so grateful for my help, but also for the ability Crown Mvelopes has given them to see the light at the end of the tunnel.”

I recently contacted Carey to get more information about his experience using the Mvelopes budgeting system and to get an update on his friends who were struggling with debt.

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Cutting Costs

When I was younger, my older siblings used to always make fun of me because I hated to spend money. Now that I’m an adult, I have a number of different things that I have to spend money on, such as a mortgage, utilities, transportation, food, etc. One of the great things about using Mvelopes online budgeting software is that it gives me many opportunities to review my online budget and look for ways to cut expenses.

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“When you budget for ‘fun spending,’ there is no guilt in spending it!”

Olga and her family

Olga and her family

Olga, from Portland, Oregon, shared the following comments about her initial experience with Mvelopes.

“My husband was skeptical when I first introduced the Mvelopes system to him. We have tried budgeting before and quickly gave up because we became tired of writing down multiple transactions, etc. He recently told me that he really likes this new budgeting system because, for once, he has his own ‘envelope’ and he can spend the money, guilt free, for things he’s always wanted. Of course, when you budget for ‘fun spending,’ there is no guilt in spending it. I am glad he is onboard with me. Thank you, Mvelopes!”

I decided to make a telephone call to Olga so I could get more information about her Mvelopes’ experience, and we had a delightful conversation, as follows:

Q: How long have you been using Mvelopes?

A: I started last March, so just less than a year.

Q: How has Mvelopes assisted you in living within your income?

A: It gives a clear picture of what the income is and what the categories are for spending. We have a clear picture of what’s coming, what’s going, and what’s left before the end of the month.

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