Cubux Budget

The principle of the balance checkbook is easy. It supposes the careful recording of each withdrawal and deposit during a certain period with the calculation of the difference between incomes and outcomes. The result shows you your profit or loss. There are 3 ways to do it. The classic way is to buy a special notebook and to write data by hand. The second one is to use Excel or special software which will show you the profit or loss immediately. And the third is to trust your finance to cloud or Internet storage. Let’s find the best idea how to choose checkbook of your family. Option 1: Paper checkbook The average price is about $2-4. The financial notebook has a wide classification. The most widespread is a monthly budget planner with 4 large blocks for each month: an expenditure tracker, a calendar, total rows and a to-do checklist. The disadvantage of such method is a limited space for records so it doesn’t fit the daily records as food and needs of the big family. Besides...

It often happens that people spend much more than they would like to, and later realize that they are not able to afford buying something expensive or saving money for the future. Finances just keep slipping through our fingers, and the more we earn, the more we spend. Psychologists have long proved that keeping track of our actions helps to improve our organizational skills and achieve better results in various spheres. Personal finances are not an exception. When you know how much money you have already spent or earned this month, you are much more likely to achieve your financial goals. And this is where Cubux.net family budget planner will help. How to keep track of money with Cubux? Cubux.net is a new online service for home accounting. The app is divided into two blocks (Income and Expense) where you can fix all your daily cash flows. Each block contains several subcategories for more convenient and precise reflection of your finances. For example, the active part of you...

Creating a household budget is an essential step for creation of a strong material foundation. Many people compare the planning of family spending to dieting: sometimes you feel deprived and restricted, but you do not dismiss the chosen strategy, as you know that it’s anyway good for you. Methods of Creating a Family Budget According to a recent poll, only 30% of Americans plan their household expenditures for the following month. As they confess, at first budgeting was an “eye-opening” experience for them, but then it turned into a positive habit protecting them from a variety of financial troubles. Let us have a look at the basic ways of setting up a household budget: You can create a simple Word/Excel table to hold the data. Put down your biggest regular expenses – mortgage, utilities, insurance, – as well as the overall family’s income, with the dates, figures, and additional comments. Many people, who are aware of how to make a home budget, give preference to special appl...

“The money that you earn does not bring wealth, but those that you save” said Bodo Shafer, finance consultant, businessman, writer and billionaire, who could live only on interest from his investments at the age of thirty, and not work. Nowadays more people want to save their money because of economic instability. Even a small purchase can undermine your budget. If you cannot say how much money you spent last month, you should start to track your expenses. These simple actions allow you to save up to 20% of your escalating costs. There are some tips and life hacks on how you can act in order to track expenses and keep them low. You are your own accountant Many people think: “Who can track my expenses?” The answer is – you are. Take a pen, a notebook, think for a while and start composing your list. Spot your main spending like food, rent, traffic, eating out or even sweets. Divide your sheet into three or five columns and at the top of each column write down the names of budge...

Household bookkeeping is a tool for tracking a family’s income and expenses or, to be short, a family budget. Using a finance tracker allows you to keep a track of all of your personal income and expenses. There are many websites that offer online budget tools. They are similar to desktop budget management software; the only difference is that the software and all your data are stored on the provider’s server. Today you can find a large number of money trackers that make it easy to keep control over your finances. So, you may ask, what are the benefits of online budget tools? Well, here you go: You don’t have to install the specialized software for online budget planning. Everything is intuitive and easy! You can manage your finances from any PC or mobile device that has an access to the Internet. Thus, you don’t need to worry that your data will be lost because it was stored only on one device or your family member deleted it by mistake. Analytical reports created by web b...

Many people think the main reason why they always encounter a lack of money or cannot afford to buy an essential but expensive item, is their low income. However, most of them have no idea that the cause of their financial problems is not a low income, but rather thoughtless expenses. Instead of complaining about money slipping through their fingers, they need just to sit down and analyze the family budget. Budget planning has many benefits and wise family financial management can help you save a significant amount of money. Indeed, you don’t have to keep complicated records; there is always the possibility to configure a bookkeeping system that fits specific family needs which will not take as much time as might appear at first sight. So, what are the benefits of keeping household records? Well, it allows you to: Compare income and expense information from different time periods Identify your income and expenses for budget planning purposes Analyze, redistribute and re...

In this article you will find a few simple tips that will help you significantly cut back on spending to be able to save money. Start home accounting There are numerous software programs that can help you find the right way to save money. These are the so-called family or free budget apps , which are typically fairly easy to use. Logging of daily expenditures will teach you self-control and it is just one of the many great features that come with these incredible apps. Set a limit for daily expenses It’s a brilliant idea to determine the amount that you and your family will be spending each month. Take this amount from your monthly income and deposit the remainder into a savings account. Say “no” to loans The interest rates that you have to pay for credit card loans are quite high. Furthermore, credits cards also encourage you to spend much more than you initially planned. Save on: Food – This certainly does not mean that you ...

Researchers from Harvard University came to the conclusion that the so-called “snowball” method is very effective when it comes to the repayment of debts, states Business Insider. According to the data, provided by the Federal Reserve System, almost half of the families in the U.S. cannot repay their debts. The data, used by the researchers came from HelloWallet, a company specialized in financial services. The research was based on data, that was received in 36 months, including monthly credit card data of 6.000 HelloWallet clients, who were determined to pay down their accounts or at least manage them effectively. It appeared that those who were focused on discharging one certain credit were more effective than those who tried to distribute their payments among multiple debts. The researchers arranged an experiment to prove their theory, according to which the interest rate after the repayment is much more important than the actual payment amount. The participants were given a ta...

If you regularly run out of money a week before your next month’s salary and can’t account for the previous month’s salary, then it’s time to get a grip on the management of your personal finances. The aphorism used as an epigraph to this material is 100% true; however, if you currently can’t put the first part into effect, then you will have to do something about the second. On the surface, it seems very easy to follow this wonderful piece of advice, but it’s not. When it comes to actually doing it, the question that has to be answered is: what exactly should you spend less on? There’s no single answer to this question that’s fit for everyone since the nature of expenses (and above all its most critical items) vary from person to person. For instance, some people can’t live a month without frequent visits to entertainment venues and replenish their wardrobe, while for others “their Internet bill is due” and yet they didn’t buy a single new gadget that month. It’s here that home ...

Everyone knows that there is never too much money. Have you ever asked yourself how to spend less and how to save money, are there any tricks? Did you finally decide to spend less money and start your family budgeting? Are you seriously thinking about saving money and minimizing your household expenses? Then you came to the right place! How to start? Avoid unplanned expenses: Have you ever been in such situation when you went to the supermarket to buy some groceries for a dinner and ended up with a fully loaded shopping cart and a significantly lightened wallet? This is the result of the good supermarket’s marketing strategy. How to save money on food? You should never go grocery shopping when you are hungry. Try to make a meal prep grocery list. By the way, there are a lot of grocery list apps available for smartphones. They are very convenient because they allow you to track your spending so that you can always check what you bought last time or two months ago. Using thos...