Mvelopes mines the same tried-and-true envelopes budgeting system as You Need a Budget and Dave Ramsey’s Every Dollar, explicitly telegraphing the fact in its malapropic name. The app doesn’t look as polished as some of its competitors’ offerings, but its system is sound and easy to grasp even if you’ve never created a budget before.
Mvelopes walks you through a four-step setup process of syncing your bank accounts, defining your income, creating a budget, and funding your envelopes.
Adding your various banks is easy. Mvelopes displays clickable tiles for fast access to the most popular financial institutions. On the off-chance your bank isn’t among them you can search the database for it. If your bank isn’t supported, Mvelopes provides a New Institution Request form and promises to respond within two to four days.
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