Posted on 22. Feb, 2010 by Jennifer Streiff.
Tax Time
I have a Money for Life Coaching Client that purposely has extra money withheld for taxes so that he gets a larger refund at tax time. During the year he relies on credit cards to get by if he doesn’t have enough income. He carries a balance on…
Posted on 12. Feb, 2010 by Jennifer Streiff.
Recently I’ve had a few Money for Life Coaching clients that have developed a habit of resetting their Mvelopes account whenever they get a little behind. Instead of spending some extra time to get things caught back up and balanced out, they just simply erase it all and start over.…
Posted on 12. Oct, 2009 by Jennifer Streiff.
For many people, the biggest challenge to living within their means is keeping track of their envelope balances and staying within them. It can be difficult to stay within your envelope balances, especially if you don’t always know that the balance is.
I often get asked for tips or advice…
Posted on 05. Oct, 2009 by Jennifer Streiff.
The other day on a call with one of my Money for Life Coaching clients, she asked, “Why does everyone want me to use their online bill pay system?”
Some companies, or financial institutions, charge fees to use their online bill pay services. Obviously they want you to use it so…
Posted on 21. Sep, 2009 by Jennifer Streiff.
Who says your envelopes have to be named only things like “Auto Registration,” “Gifts”? Why not use the envelope name to help you remember when the registration is actually due each year? Or to remind yourself how much you are planning to set aside for gifts over the course of…
Posted on 14. Sep, 2009 by Jennifer Streiff.
In Money for Life Coaching Sessions, I often run into situations where my clients have expenses and initial spending plans higher than their income. I do what I can to help them balance things out so that their expenses match their income, but really it’s up to them to make…
Posted on 08. Sep, 2009 by Jennifer Streiff.
Inevitably there are a few credit cards or store accounts that just won’t aggregate with the Mvelopes system. It generally has to do with the way the financial institution handles multi-factor authentication (the way they verify that you are, in fact, you when you log into your account online). It…
Posted on 31. Aug, 2009 by Jennifer Streiff.
Mvelopes has some great automation tools built in so that you can simplify your spending management, but how much automation is too much? If you automatically assign all of your transactions, do you lose the emotional tie to your spending?
It’s great to automate your spending management and reduce the…
Posted on 14. Aug, 2009 by Jennifer Streiff.
It’s ok to be spontaneous, as long as you plan for it. I know, that sounds a little crazy, but it’s actually true. I was talking with one of my coaching clients the other evening and he commented that he was worried he would feel restricted by his spending plan.…
Posted on 07. Aug, 2009 by Jennifer Streiff.
Why do people sign up for Mvelopes? The most common reason I hear is that people need to get a better idea of exactly where the money is going. They often feel that they should have plenty of income, but it just doesn’t seem to go as far as they…
