Crazy long car loans and how to avoid them

Posted by Kevin Nielsen on Aug 30, 2016 9:47:34 AM

A car is necessary, but a 68, 72 or 84-month loan isn't. The average car loan, term length and monthly payment each hit new highs in the first quarter of 2016, but car loan inflation doesn't need to affect your next purchase.

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Topics: Auto Loans

8 lessons the Olympics taught us about budgeting

Posted by Kevin Nielsen on Aug 23, 2016 10:03:33 AM

Budgeting and the Olympics don’t often go together, especially since every modern Olympics has gone way over budget, but there are things we can apply to our financial lives from the past few weeks in Rio de Janeiro.

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Topics: Budget

7 opportunities to personalize your budget with Mvelopes

Posted by Kevin Nielsen on Aug 16, 2016 9:39:51 AM

Your budget is nobody’s budget but yours. While plenty of people may be making the same or similar amounts of money, no one spends it exactly the same way. We all have different priorities and are all at different points in our lives.

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Topics: Budget

Why knowing your account balance doesn't matter

Posted by Kevin Nielsen on Aug 9, 2016 10:26:05 AM

Your account balance can only tell you so much about your financial situation. Your current balance is only a snapshot in time, it doesn't give you a clear picture of where your money is going and what expenses you have in your future.

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Topics: Mvelopes

6 ways to maximize your budget as a student

Posted by Kevin Nielsen on Aug 2, 2016 10:37:37 AM

The school year is right around the corner. It’s time to start thinking about how to save money while making it through another academic year, especially for college students. Reducing costs is an important part of staying away from taking on debt while going to school. On most college campuses, getting the most out of what you have to pay also makes a difference.

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Are you prepared for a financial emergency?

Posted by Kevin Nielsen on Jul 26, 2016 9:06:18 AM

Living paycheck to paycheck leads to piling debt on top of debt when emergencies happen. Not being financially ready for unexpected expenses is a surefire way to limit what you can do with your future income because of how much debt and interest you have to repay each month. 

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Topics: Emergency Fund

Why funding is important in Mvelopes

Posted by Kevin Nielsen on Jul 19, 2016 9:15:38 AM

You're looking at 25 envelopes all with $0 next to them. Another envelope, the Income Cash Pool, has all your money. It only takes a few minutes to get from that point to tracking your purchases and keeping to your budget. But it can be a harrowing few minutes for anyone, especially if you just started your Mvelopes account.

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Topics: Budget

How to get ahead by assigning transactions

Posted by Kevin Nielsen on Jul 13, 2016 9:07:51 AM

The Mvelopes inbox helps keep you on top of your transactions and using it for five minutes everyday makes a big difference in how successful you are in keeping to your budget.  

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Topics: Mvelopes

How to save on food by buying more groceries

Posted by Kevin Nielsen on Jul 6, 2016 9:11:38 AM

On average, Americans spend more on food eaten outside their home than inside. If that describes you, then here’s a bit of good news. It’s an opportunity to save money.

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Topics: Grocery

11 ways to use Mvelopes’ new closed captions

Posted by Kevin Nielsen on Jun 28, 2016 3:16:46 PM

The Mvelopes budget app, both on the web and mobile, now has closed captioning enabled in the video library to help you learn financial skills in yet another way.

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Topics: Video Library