Most people had positive comments about Mvelopes Personal on my post asking What do You Think About Mvelopes? and I thought it would be worthwhile to share a few of these with everyone. Here's the first:
I've actually been trying out Mvelopes recently. I bought Quicken last year when I decided to try TurboTax for my taxes. I thought that tracking everything in Quicken would really speed things up and make it easier - unfortunately I didn't do very well at tracking everything in Quicken so I don't know that I'll see the benefit. So far, the integration between Quicken and TurboTax would be the only reason I would stay with Quicken over Mvelopes. I really like the interface, the ease of use and the ability to specify up front where the money should go rather then just tracking where it went.
Maybe I just don't know how to use Quicken as well as I could, but then that's part of the point too - Mvelopes is very easy to use. All in all, I think Mvelopes will be the way I end up going pretty soon. At this point in my financial life I have a hard time justifying keeping up to date with Quicken.
For more information, here's how Mvelopes compares to both Quicken and Microsoft Money:
Here's the next endorsement for Mvelopes Personal:
We have been using and recommending Mvelopes for more than 2 years. They have the great technology and very easy to use budgeting system that makes it very simple to track and record all of you expenses.
But a couple people had negative comments as well. here's a thought that summarizes the issues these people brought up:
I tried Mvelopes out some time ago for a review I did. While the concept is pretty nifty, and Mvelopes recently came out with a module to use on a smartphone, I thought it was expensive. I am also paranoid about putting ALL my financials on one company's server, although I am sure they must use the best encryption possible. It's just that if someone hacked into an Mvelopes account (if it's even possible to do so) they would not just have information on one account, but on all accounts the user established in Mvelopes.
To add a bit more explanation, here's what Mvelopes says about themselves:
Mvelopes Personal is an online budgeting system that makes it easy to create an effective personal budget and track every aspect of your spending as it happens. It will help you always know exactly how much you have left to spend, instantly know the impact of every spending decision, effectively manage credit card spending, and quickly create an easy to use household budgeting plan. Click here to learn more
They also offer a tour of their service: Take a tour of Mvelopes Personal
Another thing that pushed me over the edge towards recommending them is that they offer people free offers and valuable tools just to get to know them (plus they have a 30-day free trial, so you can't get burned trying them out.) Here are the offers I particularly liked:
Any other thoughts/comments out there?