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October 25, 2006


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That's pretty generous to give away all the money you make. Personally, I dont think I could justify spending the time I do blogging if I didn't keep some of it for myself. Great job though!

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 - unforutnately 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.

Have you considered starting a "charity blogroll" near the top of your site? You could make a list of charities that you support, then allow interested third parties to make a donation (via you) to one of those charities to earn a spot on the blogroll. Basically, you'd be able to leverage your site's popularity and the desire of other blogs to get links as a way of directly raising money for charities you care about.

Since Free Money Finance is raising money for charity, I think this feature might actually be somewhat popular.

After this post, I checked them out. I like the idea and have actually been toying with doing this the 'paper' way. The one problem I see is that some of my transactions will be split between multiple categories. For example, I visit Target and get some clothes, some groceries, and some household items. I checked with MVelopes and you can manually split the transaction, but this seems like a pain. I know - how else would you do it? Still, it seems like one of the reasons to use this system is that it automatically tracks categories. With this, I'm back to manually splitting a transaction just like in Quicken. Maybe I could use an 'average' split and have the same percentage of the transaction go to each category?

Trent -- That's an interesting idea. Let me noodle on it a bit.

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.

No comment about MVelopes. I am wondering about the links to the payday loan outfits at the bottom of the page identified as site sponsors. Doesn't seem like they fit with the editorial content. I appreciate that you're donating to charity, and am not criticizing. Just wondering.

Mike --

Those are links sold to sites to help them improve their search engine ranking when compared to similar type sites. By placing them at the bottom, they are seen by very few people, yet still give the sites their desired benefit. And at the same time, the money they earn all goes to charity.

The ads that are higher above (in the "sponsors" section) are much more noticable (bigger, higher up on the page, etc.) and are the ones I personally endorse. As far as the Google ads on the top sides, I attempt to filter out any ad that is blatantly bad, but I'm only allowed a certain number of exclusions and I'm just at my limit. In addition, they change so frequently that I often have a hard time keeping up with them.

Hope this explains the various ads here at FMF.

I just tried Mvelopes. It feels more like a feature that should be included in Money and Quicken rather than an entire piece of software. Second, it's very expensive for what you get. Even if I updated to the new version of Money or quicken every year (I only upgrade for necessary features), I still wouldn't pay as much for software with fewer features. I cancelled my account, but if Mvelopes offered a standalone version for $50 that I could use for a few years rather than an online subcription I would definately consider it. Also, I would definately upgrade ot the new version of Money or Quicken if either one offered an "envelope" type feature.

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.

Truth be told, I've been using Quicken for so long that it would take something really phenomonal to pry the latest version of Quicken out of my hands. My review, in case it helps anyone:


Hi..I am desperatly looking for a budgeting and bill paying and debt paying off type software...and after about 2 hours of research...I have come to it's going to either be YNAB ( or BUT REALLY I cannot decide because I have not used EITHER. :( I was searching for a comparison of the two (I do realize one is downloadable and the other is access anytime anywhere...but other than that...I really need someone to tell me the difference (and YNAB seems a whole lot cheaper and LOOKS like it's the same? :( Is there anyone that can tell me ?? Thanks so so much :)

Why not try both and see which one you like best? They both have a free trial period/money back offer. See this link for details:

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