Three small credit card changes to save you hundreds

Posted by Kevin Nielsen on Dec 6, 2016 9:42:46 AM

Our finances are at times distracting because of their complexity, their details or the feelings of urgency they create. This is especially true of your credit cards with their high interest rates and what seems like ever-increasing balances.

If your financial picture seems daunting and too big for you to change, it can be good to look at the little things. Even small adjustments can help you achieve your big goals.

Here are three seemingly minor changes that can help make a difference in the long run.

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Topics: Tips and Tricks

More money doesn't remove financial stress − budgeting does

Posted by Kevin Nielsen on Nov 30, 2016 9:09:49 AM

Sometimes when you find yourself in a hole, you really should stop digging. Even if shovel after shovel is being handed to you.

Financial stress comes from a lot of different causes, but getting rid of that stress is rarely accomplished by finding more money to throw at the problem.

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Topics: Budget

How giving back fits in your budget

Posted by Kevin Nielsen on Nov 22, 2016 10:19:03 AM

One of the biggest reasons why we strive to be financially fit and debt free is to be able to help others.

At Mvelopes, we tend to like the 80-10-10 budget simply because it sets aside 10 percent of our income for giving, 10 percent for saving and the other 80 for our expenses. Taking the time to create and use a budget can not only help us reach that 10 percent goal, but can also help us increase it over time. Imagine things going so well that you can comfortably have a 60-20-20 budget each month.

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Topics: Life in General

Make your holiday shopping worry free with a budget

Posted by Kevin Nielsen on Nov 16, 2016 9:12:41 AM

It’s that time again. The most distracting season of the year.

The holiday shopping season can eat you up and spit you out if you’re not careful. Ads disguised as gift ideas and big ticket items tied up with bows can make it seem almost mandatory to spend, spend, spend.

Don’t get overwhelmed because creating a plan and following it can make all the difference.

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Topics: Tips and Tricks

5 Reasons to Integrate Your Accounts with Mvelopes

Posted by Kevin Nielsen on Nov 9, 2016 9:19:37 AM

Making your finances less stressful is just one way Mvelopes helps your bottom line. Budgeting and worrying about your finances takes time, so why not use it wisely by integrating your bank accounts into Mvelopes.

Everyone’s finances are different, but think about everything you would need to look at if you were being totally responsible for every penny of your money. A shoebox full of receipts that grows larger each day or a spreadsheet that takes too long to load because of everything you’re trying to track. Post-it note reminders to pay bills stuck on any flat surface, plus just enough uncollected change bouncing around that you wonder how much is really lying around the house.

Now take all that and put it into Mvelopes.

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Topics: Mvelopes

How Mvelopes Can Help With Your Finances

Posted by Kevin Nielsen on Nov 2, 2016 9:26:01 AM

It’s November and we would like to show our gratitude to everyone who uses Mvelopes and helps to make us successful in providing a budgeting solution to accomplish your financial goals.

Over the past two months, we have been rolling out testimonials from our users about what our app and coaches have done for them. We appreciate them taking the time to record these videos and tell their story to all of you. They're just a sample of individuals and families who have used Mvelopes to accomplish their financial goals.

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Topics: Mvelopes

7 Ways to Save on Health Insurance

Posted by Kevin Nielsen on Oct 26, 2016 9:28:53 AM

It's decision time for your health insurance once again. Take the time between now and December to look into your options and save on next year's medical costs.

Open enrollment for health coverage that begins on Jan. 1, 2017 begins on Nov. 1 and if you sign up by Dec. 15 your coverage will begin along with the New Year. The last day to enroll in coverage is Jan. 31, 2017.

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Topics: Tips and Tricks

Take a long look at saving

Posted by Kevin Nielsen on Oct 14, 2016 1:42:24 PM

The miracle of a savings account is that it can help in so many ways.

If you’re short on income, your savings is there. If you’re heavy on expenses, your savings is there. If an emergency tosses you around, savings can steady your financial life.

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Topics: Tips and Tricks

Be Energy Efficient and Save on Your Energy Bill

Posted by Kevin Nielsen on Oct 12, 2016 9:40:57 AM

Stop me if you have heard this one before, but turn out the lights when you leave a room and decide what you want out of the fridge before you open the door.

Your behavior can go a long way to saving money on your energy bills, but there are a variety of routes to take for lower power bills. A combination of increasing energy efficiency, reducing consumption and properly maintaining your home and appliances will decrease how much you’re paying each month.

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Topics: Tips and Tricks

Paying Off Your Credit Card Debt Or...

Posted by Kevin Nielsen on Oct 4, 2016 9:52:18 AM

The average interest rate on a credit card is 15 percent. For every $100, you borrow you're paying $15. That certainly adds up quickly, which is why if you are carrying credit card debt you should be paying it off even faster.

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Topics: Credit Cards