Recently, I had the privilege of speaking with Staci from Saline, Michigan. Staci has been using Mvelopes for a couple of years now. Not long after first discovering Mvelopes, Staci wrote to us about her appreciation for the program. Staci said:
Twelve years ago, I was going through a divorce after 11 years of marriage. For all those years, I had run a household on whatever allowance my husband gave me. When he left, I was both emotionally and financially devastated, and I had three kids to worry about. I didn’t even know what bills we had or when they were due. Family and friends tried to teach me their budgeting methods, but nothing clicked – not until Mvelopes.
I had been searching around for some kind of budgeting system, and had read a lot of reviews. The name that kept popping up over and over again was Mvelopes, so I gave it a try. When I started with Mvelopes, it was like I was back in school. I had to learn what money I had coming in, what was going out and when, and how to plan for the future. It was scary, but Mvelopes helped me see for the first time exactly what my financial picture was. Once I could really see what was going on with my money, then it wasn’t scary or frustrating to manage it anymore.
With the spending plan feature, I plan for all those events that used to catch me financially by surprise, like birthdays, holidays, even little stuff like book orders for my daughter’s classes. A little each month sure helps! I can also forecast my finances for the year, by looking at how much my daycare is going to cost, or how much I can save for something special.
I am paying for a house by myself. I have paid off my credit card. I have money to pay for Christmas presents in cash this year. I never bounce a check. I give myself a little money every month that I can spend guilt-free. I even have Mvelopes for my kids’ allowances!
I think I may be something of an Mvelopes evangelist. I have spread the word to friends and family members. One even said that she thinks Mvelopes saved her marriage because she and her husband don’t fight about money any more!
I can honestly say that Mvelopes helped me feel confident and strong in managing my money, and was a real stepping stone to helping me feel confident in other areas of my life.
I was so inspired by Staci’s comments that I wanted to know more–hence, the telephone call. During our conversation, Staci answered the following questions:
Q: How long have you been using Mvelopes?
A: Two years.
Q: How has Mvelopes assisted you in living within your income?
A: When I got divorced, I hadn’t paid bills or written a check in 10 years and it helped me to visualize my budget. I was able to stay on my budget and, with the bill-pay feature, I was also able to pay my bills on time.
Q: How much consumer debt have you been able to eliminate during that time?
A: I paid off my car.
Q: How much have you been able to save while using Mvelopes?
A: Well, right now, nothing–because my son is in full-time daycare (chuckles), but next year I’m hoping to put about $400 a month into savings.