MS Money for personal finances and personal budgeting

I tried to get started using Microsoft Money several times. But after getting it going I found that it just didn't really help my finances. Most people find they are not better off after using Quicken. In spite of all that Money does it does not solve the fundamental problem that keeps most people from achieving their financial goals, and that is managing their spending. The key is budgeting, but not the traditional approach. Money uses the traditional after-the-fact approach, basically a month-end reconciliation of budget to actual spending, which simply does not work. Imagine trying to manage your grocery or clothing spending but not knowing how much you have spent in each until the end of the month. It just doesn't work. You need accurate, up-to-date information for each spending category right when you make a spending decision. You cannot wait until the end of the month.

Something New!

I found a great option to using MS Money to manage my personal finances. It is called Mvelopes Personal. Mvelopes Personal allows you to easily create a budget with dynamic spending accounts that provide you with daily, up-to-date balance information for each spending category. You always know how much money you have left to spend in each category, and how long it has to last. You can then begin to manage your spending, and lay the foundation for reaching your financial goals. Take a look at the following key feature differences that make Mvelopes different.

Key Features	Mvelopes	MS Money
1. Uses the envelope system - spending accounts that function like a checkbook for each spending category
2. Automatically allocates monthly income to each spending account, with auto-rollover of balances
3. Tracks spending against income by updating spending account balances as purchases are made
4. Retrieves all your financial transactions from all your financial institutions at once
5. Tracks credit card purchases and automatically sets aside money to pay them off in full each month

The Mvelopes Personal budgeting system really works. Visit the Mvelopes Personal website and check it out for yourself.

Financial News

Recently Launched Home Mortgage Education Site Helps Consumers Avoid Unscrupulous Home Loans

Mortgage Consumer Advocates (MCA), a non-profit corporation dedicated to giving consumers unbiased home mortgage education and tips on consumer protection, now helps consumers against being a victim of mortgage fraud. MCA's new Consumer Protection Plan will help give consumers added safeguards against unscrupulous lenders and brokers. This plan will help consumers get a mortgage professional to review his lending disclosures and later his closing documents prior to closing to make sure that consumers get the home loans they requested at the price they were quoted. (PRWeb May 8, 2008)

Read the full story at http://www.prweb.com/releases/2008/05/prweb919334.htm

Nonprofit Organizes Run in Vegas to Raise Funds for US Soldiers in Financial Crisis

A 5K run in Las Vegas will benefit soldiers and their families battling financial struggles at home. Former soldier Randy Couture's nonprofit Xtreme Couture GI Foundation, and Fighters.com are part of the race on Saturday May 15, 2008. (PRWeb May 12, 2008)

Read the full story at http://www.prweb.com/releases/Randy/Couture/prweb930654.htm

Financial Guru Robert Shemin Hosts Virtual Book Tour

New York Times' Bestselling Author of "How Come That Idiot's Rich and I'm Not?" Shares his Secrets for Abundant Wealth (PRWeb May 12, 2008)

Read the full story at http://www.prweb.com/releases/2008/05/prweb933154.htm

Allianz and Kinder Institute of Life Planning Sign Agreement: Intermediaries Receive Training to Become Registered Life Planners®; Learn a New Way of Thinking

Allianz Nederland Levensverzekering will partner with the American-based Kinder Institute of Life Planning to train its financial intermediaries to become Registered Life Planners® (RLP®), a protected title. Registered Life Planners® are trained to converse with their clients in more meaningful and holistic ways. (PRWeb May 7, 2008)

Read the full story at http://www.prweb.com/releases/2008/05/prweb921554.htm

Get Low Cost Loans With Securedloansukonline.co.uk's New Website

Securedloansukonline.co.uk specialise in finding secured loans (£7,500 - £100,000) for the UK home buyer. Applicants can choose repayment terms of between 5 years and 25 years. The company is now in its third year and has firmly established itself as one of the leading online providers of low-cost secured loans in the business. (PRWeb May 12, 2008)

Read the full story at http://www.prweb.com/releases/2008/05/prweb869674.htm

Online Personal Budgeting

Mvelopes® Personal will help you easily create an online home budget, track all your spending, and always know exactly how much you have left to spend in every category.

With Mvelopes you can: Access your home budget anytime, anywhere Recover 10% of your income from hidden spending Eliminate existing debt Easily pay ALL your bills online Always know exactly how much you have left to spend Effectively manage credit card spending Create an easy to use household budget or spending plan Try it FREE for 30 days!

Free eCourse

Let us give you a free gift! We have created a 5-Day Spending Management E-Course called Money for Life - Financial Fitness University. This powerful new e-course will help you understand your spending and achieve financial success!

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