“I am no longer losing sleep worrying about my finances!”



I had the privilege of speaking with Dan from Nashville, Tennessee, about his appreciation for the Mvelopes budgeting system and how it has positively affected his life.  Let me share our discussion with you.

Q: How long have you been using Mvelopes?

A: Close to three years.

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

A: Before I started the program, I used to overspend consistently. For example, I incurred $1,200 in overdraft fees on my checking account. I just didn’t see the big picture. Since I started using Mvelopes, I have not had one overdraft charge. I also used to spend about $500 a month on eating out and now I’ve reduced that to about $100 a month. Using Mvelopes has definitely helped me see where I need to adjust my spending.

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

A: Prior to discovering Mvelopes, I had incurred debt in excess of $52,000, and have reduced that debt by approximately $22,000.

Q: How much have you been able to save while using Mvelopes?

A: I have saved $1,000 in an emergency fund, and I have built up my 401(k) plan by approximately $4,000. However, I’m really putting all my focus right now on paying off my debt.

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