Is it good software?

Sure.

Could it help someone trying to create a budget and allocate their money?

Absolutely.

Is it for me?

Not really.

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Nothing against Mvelopes or their format, but I just don’t think I’m going to be going on past the free trial. It’s just an extra step and I think could be more useful to help a family or at least a young couple with their budgeting. Since it would be helpful to have one place that lists how much money is left in a specific envelope without always having to have “a talk” with someone.

But I’m a young guy – basically just starting out – and I think my duel-bank account system is going to be more effective for me, since it will practically run itself.

Then, once my day-job begins to pay slightly more (and there have been some great personal/career developments lately – so hopefully it’s only a matter of time). I will split my direct deposit so that I can continue my two bank system and let my money take care of me.

After seeing a few blog posts about Mvelopes, I’ve decided to give their program a shot.

The reason for this is that I see how it would be useful to have specific buckets (a.k.a. Envelopes) in which to plan for certain things that may occur either throughout the year or throughout the month. What I’m skeptical about is how easy I will find it to be.

While the program does link to (most) all your online accounts, it doesn’t physically transfer any money for you. So it’s really just a fancy way of telling yourself that you only have X amount to spend on Y this month.

Like I said, I’ve decided to give it a shot and take advantage of the free 30-days to see if I like it and if it makes any difference come my next pay period.

Like always – I’ll keep you posted.