Spending Alarm.

• Author: Florence Jr., Giles H.
• Position: Computer program for spenders - Brief Article - Product Announcement

If you're like most Americans, you spend money and then balance your checkbook. As more people get careless about their daily checking balance, they are depending on overdraft protection and credit cards to cover their spending.

Mvelopes, a South Jordan company, is developing a new software program called "Mvelopes" designed to help consumers curb their spending appetite. Based on the old tried-and-true method of dividing income into separate "spending" envelopes, Mvelopes makes money handling just as simple and measurable.

Released in September, the Mvelopes software can be downloaded to a Palm Pilot or a computer where it warns the user before he or she spends money they...