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                      TO:   Christian Family Onliners                                                                                         FROM: Jim Bramer. Retired CPA-Auditor
                                                                                                                                                                         FILE:  0928-04/fwi

                      RE:  Personal Finance and use of the Mvelopes product                                         Originated in August 2004

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- - - - - BACKGROUND- - - - -

        For a long time I have been convinced that Christian Families Units (CFUs) should use the fundamental Envelope system as a Budget equivalent tool to carry out their Righteous Personal Finance convictions. Please examine the Web page links found in the list located at RPFin.  The Green Stuff - Cash Only  Envelope approach --- as described when you read about the  Olden Days ----  has been a practical way to make use of this method, as people would take their Green Stuff - Cash  upon receipt and place a pre-determined amount within applicable physical Envelopes.  There is a physical Envelope for various ways that you had decided to righteously spend this green stuff-cash.  When there was no green - stuff cash left within an Envelope, you had no more to spend in that area of your life.  As I point out when you read my editorial at 0917,  estimated recent consumer spending has been divided up as follows:

--- Consumer Spending ---	Ratio:
Via Checks	51%
Via Credit/Debit Cards (Plastic)	25%
Via Green Stuff or Cash	17%
Other ways	7%
Total	100%

        Apparently our present society uses Checks and Credit Cards to do over three fourths of their consumer buying. Such facts tremendously complicate the foregoing Green Stuff - Cash Only Envelope system since, no doubt, Christian Family Units (CFUs) are close to the above ratios.

- - - - GOOD NEWS- - - -

        There is now a commercial Internet software product known as Mvelopes  -- please notice; it is not Nvelopes (or Envelopes), but Mvelopes -- that greatly assists you to use this Envelope method as a tool toward CFUs having and living up to their "Righteously Imposed Spending Limits ."  It also integrates Online Bill Payment resources found at  www.bills.com  and more!  
    As of September 2005, the current fantastic good news is that   Crown Ministries  includes this as part of their resources to help CFUs.  Please note the following  Mvelopes  features/issues.

	Factors / Issues:	See the Web Link Contents Below:
01<	It is a Web based computer system or you	http://www.mvelopes.com/mvelopes/index.php
	do not buy software as you access it directly	http://www.bcidot.org/fwi/0904-03.html
	via your Internet computer browser at anytime
	CAUTION:
	You need a fast connection to be effective.
	See other Web based issues in the 0904-03
	link contents to the right
02<	The  cost is between $10.00	http://www.mvelopes.com/mvelopes/service-plans.php
	to $15.00 a month. The 1st month is free.
03<	You do not have to manually write checks	http://www.mvelopes.com/mvelopes/bill_pay.php
	and mail them as you can pay virtually all	http://www.bills.com
	of your vendors via the integrated Bill
	Payment system.  This savings can greatly
	offset the costs of the above monthly fees.
04<	You have Online access to the activity	http://www.mvelopes.com/mvelopes/index.php
	and status of each of your Online Bank
	Accounts.  Such transactions can be posted
	automatically to the Mvelope system
05<	You have Online access to the activity	http://www.mvelopes.com/mvelopes/index.php
	and status of each of your Online Credit Card
	Accounts.  Such transactions can be posted
	automatically to the Mvelope system.
06<	You use the "drag and drop" feature	http://www.mvelopes.com/mvelopes/online_budget.php
	to move an amount from one place
	to the applicable Envelope (Mvelope);
	you do not process bookkeeping entries
	with related complications.
07<	You readily know how much of all your	http://www.mvelopes.com/mvelopes/online_budget.php
	restricted finances is in that spending
	area --- or that  Mvelope Envelope.
08<	You readily know how much you have	http://www.mvelopes.com/mvelopes/index.php
	used of your Credit Card limit so you can
	timely pay the balance and pay no fees, etc.
09<	You can invite Helpers to view the	http://www.mvelopes.com/mvelopes/index.php
	Mvelope Envelope  system content as you	http://www.bcidot.org/fwi/0905-03.html
	together make use of these resources.
10<	You know the critical fact of how	http://www.mvelopes.com/mvelopes/online_budget.php
	much you have to spend (as previously
	decided) before you actually spend it.

       After July 2006,  please  Click Here  and go to a sister website with a  SPENDING CONTROL HELPS  "Jesus Savior Pilot Me" emphasis for those that are  Internet Centric (or Internet Friendly)   It is especially designed to assist fellow Christian Believers along these Envelope lines via the appropriate use of a Computer System and the Internet.  

- - - - K E E P   L O O K I N G   U P !! - - - -

                             Please  Click here  for a list of of our "For What it is Worth" Editorials or Online documents.

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UPTD: September 01, 2008

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