For the last 6 months or so my husband and I have been doing great. Our finances and budget is finally working out. While the only real income change was a .50 cent raise, we went from having a NEGATIVE balance the day before payday, every week; to having over 1,300 in the bank right now. It is truly amazing. I credit Dave Ramsey, and the Money For Life Ebook (That links to a free download of the book, usually 9.95 to download - 79 pages long - :-))

MVelopes has a free trial of 30 days, that I took advantage of, after the trial it is only 39 something every quarter. I swear by this program, I tell people about it when I am in line at a grocery store if we get to talking about money. It works just like grandma used to, you allocate ALL of your money into ‘virtual envelopes’ BEFORE you spend it, every dime. Then you have your money accounts linked to it, for instance, I have a checking account, a cash account, and my PayPal account hooked up to MVelopes.

Each time I use my PayPal Debit card, or get a payment, the transaction appears in MVelopes as a new transaction, I then drag and drop that transaction to the right envelope. (Say it was for 5.00 at McDonalds, I would drag it to the ‘Eating out’ Envelope, and 5.00 would deduct from the money in the envelope. (if I budgeted 20.00 to eating out that week, then I would have 15.00 let to eat out on) )

By ‘assigning all of your money before you spend it, you are less likely to ‘go over’ if I see 15.00 left in the eating out envelope, I know I cant go out to eat…. unless I transfer money from another account, like savings - but then I would not have as much money in savings, so I usually decide just NOT to go out- it makes you think actively before you cut into savings for something as little as eating out.

It has been absolutely amazing, we have enough money to pay all of our bills, and have money in savings and even in an auto maintenance account. I can’t even rave about this enough, it has made such an impact in our lives. If there was one thing I could ever recommend it would be with out a second thought. If you have not tried it yet, head on over for the free thirty day trial. I promise you will not regret it. It saved my husband and I, we were fighting DAILY about where the money went, it went so quickly!

(PS- yes, the link above is an affiliate link, I get a free month for every referral, and once you sign up you can as well.) If you didn’t catch it earlier here is the link to download the ebook for free >>> Money For Life

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Last Modified : August 7th, 2007
Filed under : Money Management
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