Mvelopes: Online Envelope Budgeting

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If you’ve been following The Abundant Wife for any length of time, you know that we have made great strides toward becoming debt-free.  Despite all our progress, I tend to get over-anxious and depressed about our finances. When Brad told me our December 31 paycheck would be 75% and subsequent paychecks would be lower if our fundraising didn’t come in, I worried non-stop, couldn’t sleep, and walked around in a fog for a month. I remembered vividly our year in Minnesota, 6 of those months on 50% salary, and our year of living in my parents’ basement while unemployed. I panicked. I was sure we were headed down that same road again.

One night Brad told me that he really wished I wouldn’t worry so much. I knew that he meant it from his heart…I worry a lot and it’s hard on me and those around me. I’d been reading “Your Money or Your Life” and “Debt-Free Living” and I realized that my worries for the future rarely come true. I am a visual learner and I realized that I could worry less if I could “see” our budget better, and “plan” it better. I realized that paying for Mvelopes ($9.95/month) would give me the peace of mind that I was longing for.

Mvelopes has been a lifesaver for me.  I’ve been using it for 6 months now, and I love it! I can finally “see” our budget and the money in our envelopes. Even though we’re on 75% salary for the third month this year, I can “see” that we still have the money to pay all of our upcoming bills without touching our savings. I’ve been sleeping better, more relaxed, more productive, and generally more pleasant to be around.  Obviously Mvelopes is no “magic pill” that will fix all your problems, but if you’ve tried cash envelopes and other forms of budgeting without success, you may find Mvelopes as helpful as I do.

God has been teaching me a lot this year about trusting him with our finances, and Mvelopes is another great tool that helps me to do just that.

What money management software (on-line or off-line) do you recommend?

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13 Responses to “Mvelopes: Online Envelope Budgeting”

  1. Jennifer says:

    I just use an excel spreadsheet. I have been told frequently that I worry too much.

    • Jessica says:

      I found some old journals yesterday, and was shaking my head at how I was just as worried then–with no kids and full paychecks–as I am now. It was another reminder that I worry no matter what our circumstances. I need to remember Philippians 4:12-13 every day! 🙂

  2. Laura says:

    I’ve been using mint.com on my iPad and the clarity has given me more peace of mind the last month and a half.

  3. Kylie says:

    Hi Jessica, I’ve just found your blog through Pinterest as I’m looking for tips on meal planning on a budget. We use a fantastic budgeting software called YNAB (You Need A Budget). It is the best budgeting solution I’ve ever seen, and I highly recommend it to everyone!!

  4. Kylie says:

    Great blog (sorry I forgot to mention) 🙂 And congratulations on your awesome progress in reducing debt, that’s really impressive! I’ll be browsing your blog for a while yet, thanks for the great ideas!

  5. […] these expenses, thanks to using Mvelopes for budgeting, I feel more confident about where our money is going than I have in years past.  It’s great […]

  6. […] than our monthly bills, and little success with cash envelope budgeting, I finally signed up for Mvelopes.  I am now a fully converted budget-lover.  I don’t know how I lived without […]

  7. […] a written budget.  In our family budget, we have envelopes for clothing and […]

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