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Most people find they're not. In spite of all these budget programs do, they do not solve the fundamental problem that keeps most people from achieving their financial goals, managing their spending. The key is budgeting, but not the traditional approach. MS Money uses the traditional after-the-fact approach, basically a month-end reconciliation of budget to actual spending, which simply does not work. Imagine trying to manage your grocery or clothing spending but not knowing how much you have spent in each until the end of the month. It just doesn't work. You need accurate, up-to-date information for each spending category right when you make a spending decision. You cannot wait until the end of the month, or you'll find you have overspent yet again.
Mvelopes Personal allows you to easily create a budget or spending plan with dynamic spending accounts that provide you with daily, up-to-date balance information for each spending category. You always know how much money you have left to spend in each category, and how long it has to last. You can then begin to manage your spending, and lay the foundation for reaching your financial goals. Take a look at the following feature differences. (If you use Quicken® click here)
| Key Features |
Mvelopes |
MS Money |
| Uses the envelope system - spending accounts that function like a checkbook for each spending category |
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| Automatically allocates monthly income to each spending account, with auto-rollover of balances |
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| Tracks spending against income by updating spending account balances as purchases are made |
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| Supports over 5,000 financial institutions |
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| Tracks credit card purchases and automatically sets aside money to pay them off in full each month |
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| Available completely online. Accessible from home, work or anywhere you have Internet access. |
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How much do you really pay using Money? Often there are many hidden costs to using these applications. Compare Mvelopes Personal on a monthly basis to what you would pay for a competing budget program.
| Feature |
Mvelopes® Personal
(per year) |
Microsoft® Money
(per year) |
Initial Cost1
Mvelopes – Complete spending management tools available any time, anywhere you have an Internet connection. Plus unlimited free upgrades. |
$129.60 |
$39.95 |
Automatic Transaction Retrieval2
Mvelopes – Receive all your transactions at once from all your online financial institutions. Plus, support for over 10,000 online financial institutions. |
$0.00 |
$36.00 |
Bill Pay Service3
Mvelopes – Full-featured bill pay service for up to 15 payments/month including postage. |
$0.00 |
$71.40 |
Live Customer Support4
Mvelopes – Live unlimited technical support |
$0.00 |
$0.00 |
| Total Yearly Cost |
$129.60 |
$147.35 |
| Total Monthly Cost |
$10.80 |
$12.28 |
The Mvelopes Personal budget program really works, and you pay a flat monthly fee. There are no hidden costs, and since it’s completely online, you always have the latest version available. Get started today and see why so many users rely on the award-winning Mvelopes Personal spending management system.
*Based on a 2-year membership plan, other plans available.
**To avoid being charged the full service plan fee, simply cancel before the free trial period ends.
1 Cost based on 2006 Deluxe edition of Money after manufacturer rebates/discounts. Mvelopes cost based on one-year prepaid plan.
2 Cost based on monthly service fees charged by Wells Fargo Bank ($3.00 per month). Prices vary by bank. Bank of America and JP Morgan Chase both charge $9.95 per month for transaction downloads to Money.
3 Money figure is based on MSN Bill Pay. Money also offers option to use user's financial institution's bill pay - Wells Fargo charges $6.95 for its Money-compatible bill pay service.
4 Money offers unlimited free support for three years after purchase. However, transaction download capabilities and other "internet-based services" are only "available for two (2) years after activation of Microsoft Money 2006 or September 1st, 2008, whichever is earlier," according to Microsoft.com.
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