It aims to help you create a proactive budget that encourages you to set aside money for expenses, debt payoff, and savings before you spend. The key to this app is the “qube,” a virtual envelope that designates each of your dollars for a specific job.
“Qubes” for Budgeting, Saving, and Paying off Debt Qube’s premise is simple: It turns the envelope budgeting method digital and layers it on top of your bank account for seamless digital cash envelope budgeting.
The fledgling banking-and-budgeting app lets you visualize and manage your budget, control spending, and automate saving through its signature “qubes.” To determine whether this is the solution for your banking and budgeting needs, get to know its features. Utah-based entrepreneurs Ryan Clark and Shane Walker founded Qube Money - or, simply, Qube - to address this need. Popularized by Dave Ramsey decades ago, the system assigns a job to every dollar you bring in - where to spend it, save it, or use it to pay down debt - by literally putting cash into envelopes for designated expenses.įew of us use actual cash for the bulk of our purchases anymore, however, so fintech has had to adapt to bring this useful budgeting system into the digital age. The cash envelope budgeting system solved this problem for a lot of people. Setting limits on spending feels restrictive and difficult to adhere to.
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