Most young people start off with a bank account and a few obligations such as rent and their consumable type expenses along with a small paycheck. Wouldn't you agree?

In the "olden days" before parenthood we also were just starting out and had to work from a tight budget that came from our small paycheck.

Back in the day, the best known secret... "The Envelope System!" was once a familiar envelope budgeting system that was popular with most people just embarking on their life journey. Those of us that used the system felt empowered and in control of the new life we were seeking! Our parents had used "The Envelope System" and had done OK with it. Who were we to challenge it? Now we would model ourselves after those spend thrifty parents that had survived the depression. We too would manage just fine in the world of responsibility and managing of our affairs.

Flash forward 25 years and careers have grown and our paychecks have too; children were born and are now seeking their freedom from our secure nest.

But, these children have grown up differently then we did. Technology impacts their world and ours everywhere we look. With the impact of technology in our daily lives and the lives of our children the envelope system has become outdated. Frankly, a little impossible to use since we are virtually a non-cash society where instant pass key cards, debit cards, on-line banking and credit cards are a means to get what we want and to get it fast.

Imagine a scene where you begin to discuss the urgency of teaching your graduating senior to manage their daily, weekly and monthly spending. You spend time talking about money and express to your child how important it is to take control of their money immediately so that they can enjoy a future sprinkled with experiences where career opportunities blur with the joys filled by family and friends. Then help your child picture a goal to acquire money that they have earned and stashed away in the bank and in their investment portfolio. All it takes is deliberate action on their part to make the dream a reality. Everyone is getting excited about such a dream of prosperity and success.

Now, you are excited and begin to pull out paper envelopes to explain the details of how you and the generations before you accomplished a similar goal of personal regiment and the trusty "Envelope System."

Your child is now either laughing hysterically and unable to stop to breathe or they have completely come to the conclusion that you have totally lost it and they need to check you into a psych ward at your county hospital. No way are they going to be caught using some paper envelopes to manage their important financial future. Nor would they want anyone to know you even know about such a system let alone suggested it to them. Now, they are frantically trying to figure out a way to get you to stop trying to teach them anything.

Do not worry! "The Envelope System" has joined the age of technology! Now everything is possible! A software program called Mvelopes has taken "The Envelope System" and turned it into a software program that you can use to help teach your child a tried and true system of keeping on track and out of debt by managing virtual envelopes as they learn to spend and save. And yes, all in "Real Time" and information available with their cell phone. The old message that "Cash is King" is still true today and I can just bet that once your child realizes the value of working hard and earning their own money that they to want to be king of their cash!

Check out this software and make it your mission to empower your kids with tools to help them become successful money managers.
The Mvelopes Online Spending Management System can help you teach your high school graduate to budget money and save more NOW!