Friday, May 25, 2007

Personal Finance Software a la Envelope

Mauder's Money Matters posted A Quick Update on Envelope Budgeting Software a few months ago, comparing two "envelope style budgeting" programs. I found this highly interesting, because envelope-style personal financial software seems to be a rare enough species. I'm currently using--or trying to use--Mvelopes, and my experience has been very similar to what Mr. Mauder describes.

Getting Finances Done has a number of useful posts about budgeting, including How to Create a Zero-based Budget. The links and comments got me started on a long evening's research of (free) personal finance software. Zenhabits' 6 Great Free Alternatives to Quicken & MS Money offers six (!) alternatives, which are multiplied like rabbits in the comments. The paid alternatives mentioned: You Need a Budget, Mvelopes, and

YNAB, the other envelope-style software mentioned by Mr. Mauder, is not free, but it costs a fraction of an Mvelopes subscription of any duration worth mentioning.

I'm on the hunt for alternatives to Mvelopes. YNAB might be worth looking into.

Comments? Suggestions? Have you used Mvelopes or YNAB?

No comments: