I never learned Budgeting from home or at school, something which caused me a lot of financial problems after I started living on my own after graduation. I knew I had to save some of my meager salary, but I didn’t know how.

A colleague suggested I try Mvelopes, an online system that helps clueless people like me create a  Personal Budget  which is both secure from prying eyes as well as very helpful in managing money and allocating financial resources. I had nothing to lose, but I slowly realized how much I was to gain from this service.

All my bank accounts were added on to the system, and smaller accounts, or envelopes, were set for each expense. This way I was able to avoid extra costs that would drag me back to being penniless before the month ended. With a click of a button on my mobile phone or computer, I was able to access my account anywhere and at anytime, which helped me a lot with shopping decisions.

My family also started a Family Budget with Mvelopes so as to track their expenses and collect enough for their retirement.

This entry was posted on Thursday, November 19th, 2009 at 2:44 pm and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.