Our financial behavior is continually motivated by two conflicting
forces: the temptation to buy and spend money as opposed to the fear that the
money will run out. HandWallet will allow you to get to know yourself better,
to understand and to balance the two forces within yourself and to bring you to
a state of better personal equilibrium between these two forces. Using this program
you will have more income available, and you will perform your expenses in a
more efficient manner. The result of both of these is "more money", or in other
words a better state of personal equilibrium.
Although this will not bring you happiness (we believe that happiness is
an internal matter that doesn't depend on anything, certainly not on material
things) yet it will enable you to enjoy the purchasing process more and will
vacate your time for more important occupations than arguing with your bank
The Temptation to Buy . . .
The perpetual need to spend money is easy to understand. It stems from a number
of reasons at the foundation of which lies the world of prosperity that we
live in, the Western culture in whose lap we were brought up, the
plentiful advertisements that overwhelm us and the competitive and comparative
side of out characters.
The first step is to understand the temptation
to buy and not to deny it. The temptation to buy is both good and
natural. It proves that something
is important for you and attracts you. You can be a computer freak (who is
"dying" to play with the newest model that has just come out onto the
market) or a swell kid (who is "dying" to try on the most modern line of
swimsuits that just appeared on the fashion channel). You might be a restaurant
lover (facing a special
restaurant) or an insect collector (facing a rare find) . . .
It will appear accompanied by a number of
sentences, such as "I have to have it" "That's exactly what I was looking for", and this will usually also be
accompanied by a silencing of the other force: "We received some money not
long ago", "I can afford it", "We restricted ourselves last month, we deserve a
The Fear that the Money will Run Out
This is also easy to understand.
It stems (how surprising!) from that same world of prosperity, that same
Western culture and those same advertisements, credit sales and sophisticated
sales methods. Once, when we used to
make a living from agriculture, we knew exactly what we had.
Today we are forced to cope with an assortment of abstract and confusing
terms: credit, interest, overdraft, fund, linkage...
and that only misleads, and even pressurizes.
Once we have understood the impulse to buy, the second step is to
understand the fear that the money will run out and not to deny it.
This fear is realistic.
The money is after all finite: it doesn't
matter how many payments you have been allowed, they all have to be paid in the
end. It doesn't matter what loan you
have received, your situation now (if you don't alter anything) is only more
difficult because in addition to your regular expenses you also have to repay
it . . .
It doesn't matter what your incomes are - since your expenses and level
of lifestyle are always more or less in accordance.
It also doesn't matter what your status is and to what extent you
are established - you will always be accompanied by this same feeling, with
regard to different things and different sums.
What Should you Do? HandWallet
Let's increase the amount of money -
By locating all the mistakes, the duplicate payments and the fraudulent dealing that may be taking place on our credit cards.
By the use of preferable means of payment for each action.
By supervision of all the bodies (and people) who owe us money. It may be the refund of travel expenses from an employer, the correction of a mistake in a telephone bill or simply money that you lent.
By forgoing the expenses that are found to be expensive and don't provide us with satisfaction.
By postponing expenses that at the present time are liable to cause a problem in our balance of payments (and also to hamper the pleasure to be derived from that same expense).
And for those lovers of formulas amongst us - if (F: Fun) is the amount of pleasure that we derive from the expense and (P: Price) is the price for that expense, we aspire to an expense that gives us maximum F (fun) for a minimum P (price).
Examples? With pleasure!:
An unnecessary payment that is debited to our credit card gives us a high P (high price) and nil F (no pleasure). Unless we are masochistic . . .
It is worth making purchases in the supermarket with the use of purchase vouchers (that give a discount and decrease the P) without altering the F (the taste of the strawberries remains the same no matter how you pay).
The purchase of a dress in three payments will create a deficit in our current account for another two months
(that means excess interest and consequently an increase in the - P - the cost of the dress).
Should we forgo it? Not at all . . . just wait a couple of days until the beginning of the month and thus postpone the payment and prevent the problem.
I do this anyway. Why do I need HandWallet
Perhaps. But you work hard at it. And you fight with yourself.
In other words you are not objective because of the two forces having a running battle inside of you.
There are many little tips that you haven't thought about.
The Media Vision company employs a staff of experts in order to lessen your purchase costs and calculates complex computations for you
(such as interests, charges, exchange rates) that may influence your decisions.
In addition the company collects and pays for advice from other users from all over the world and provides this to you for free.
You are not alone . . . we place a professional tool at your disposal that will precisely and faithfully keep you updated with regard to your financial situation. Is your husband really convinced (or in other words does he "internalize" this) when you scold him and tell him that this month the money is going to end? You're not sure.
With HandWallet you have the proof at your finger tips.
Does this mean that now I'll have to enter every penny I spend into my palm computer?
Of course not. Small expenses that do not accumulate (its worthwhile, at least at first, to check this) are usually not significant (a small P) and therefore they will not cause any significant saving.
It's up to you to decide what to enter and what not.
Moreover, most of the expenses will be directly updated from the Internet sites of the various banks and credit cards,
and all that is left to do is only to affirm them and to attribute them to a category (if you wish to do so).
This action takes a few minutes every month and it replaces going over the data sheets that you receive by post, as you would do anyway.
From what date should I begin to insert data?
Historical activities can be introduced (starting from 1950 if you have records) but we wouldn't recommend this.
Begin the use from the beginning of the month or alternatively from today.
Record the purchase at the supermarket, the fuelling at the fuel station or the account for the mobile phone and you will already know what your wages "go" on.
After about a fortnight of data input, you will already have an expansive graphic picture that should reveal interesting (and in some cases surprising) things to you about your expenses.
Life is Complicated. There are postponed payments, there are discounts on credit cards. Sometimes I make purchases abroad. Do you provide support for all of this?
Yes, yes and again yes!
With the help of HandWallet you can insert a postponed event, an event involving payments, a postponed event of payments, a periodic event once a month (such as a wage), a period event for another period of time, transfers of monies from one account to another, discounts, special charges, an event in foreign currency (including the potential for various currency conversions), payments with constant interest, payments with variable interest, linkage of various kinds etc.
And what do you get out of this?
Our line of products includes three winning products:
that is marketed for free,
that is purchased with a single payment
that is provided for use in return for a monthly payment.
The financial model of MediaVision is based on the sale of the advanced versions of HandWallet .
The payment for the advanced versions of HandWallet is in most cases significantly lower than the sums that the program will save for you.
Moreover, if you are happy with the program and you introduce your friends to the experience that you have acquired you are liable to profit just by
distributing the program.