Finicity’s home budgeting software (formerly known as Mvelopes) is the ideal choice for families and individuals who are looking to eliminate debt, save more and reduce stress related to money. Finicity is based on the forward-thinking method of envelope budgeting, where cash is allocated to various expense categories (food, utilities, mortgage, etc.) before it’s ever spent. This type of home budget software has proven to be a highly effective way of managing both traditional expenses as well as the unexpected.
Some of the primary causes of financial distress are the unexpected expenses that seem to crop up with alarming regularity – car repairs, medical treatment and children’s sports, to name a few. And it’s not really that they’re unexpected so much as they’re not planned ahead for. That’s where Finicity’s household budgeting software can play such an important role. With it, you create virtual envelopes for all the different spending categories you need, funding those envelopes each time income is received. As you build up the balance in a given envelope, say auto maintenance, you’re setting aside that money each month so when you need it to fix the car, it’s already there and you don’t need to go into debt. Finicity will even help you create a spending plan, so it’s easier to stay within your envelope balances.
Finicity is also about making money management more convenient and less of a hassle. Since it’s all online, you can check your envelope balances anytime, anywhere (even on your cell phone). You’ll always know how much you have to spend in a given category, which will help you make informed spending decisions. You can also enroll for online Bill Pay, free of charge, and manage both your money and bills from the same place.
In addition, Finicity has created an online community to provide a support system as you use our home budgeting software and take control of your finances. You can take advantage of a variety of resources – mentors, support groups, personal finance articles, money tips, Finicity forum, personal finance experts and more! Finicity’s community is free, and just another way to make sure your household budgeting needs are taken care of. |
