October 2003
Financial Advisor features Mvelopes Personal in article by Marla Brill, “But I Need That Lexus - Getting clients to invest more and spend less is easier said than done.”
'Others may need a more disciplined approach, particularly when spending issues persistently derail personal savings. A relatively new entry into the budgeting software arena is Mvelopes (mvelopes.com), a program that allows users to track expenditures as they make them, rather than after the fact. Earlier this year, Mvelopes began selling multiple copies of the software and an accompanying book to financial advisors. The goal for advisors, says vice president of marketing Dave Neddo, is to distribute the materials to clients or potential clients who just can't seem to fit saving and investing into their budget plans. “If the system can recover 10% of someone's income, the money that would have flown out the door can be diverted into investment products or services,” he says'
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October 2003
Financial Advisor features Mvelopes Personal in article by Marla Brill, “But I Need That Lexus - Getting clients to invest more and spend less is easier said than done.”
'Others may need a more disciplined approach, particularly when spending issues persistently derail personal savings. A relatively new entry into the budgeting software arena is Mvelopes (mvelopes.com), a program that allows users to track expenditures as they make them, rather than after the fact. Earlier this year, Mvelopes began selling multiple copies of the software and an accompanying book to financial advisors. The goal for advisors, says vice president of marketing Dave Neddo, is to distribute the materials to clients or potential clients who just can't seem to fit saving and investing into their budget plans. “If the system can recover 10% of someone's income, the money that would have flown out the door can be diverted into investment products or services,” he says'
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