Qube Money is a more effective form of budgeting since your budget inside Qube Money is also your spending money. If you do exceed your budget, you only end up confronting this financial boo boo after the fact, when it’s too late. Your spending activities are completely separate from the budgeting and planning you’re doing inside the app, so it’s possible to lose sight of the goals you’ve made when you’re out spending. Unless you stay focused, YNAB’s interface allows you to ignore your budget. Wanna see how Qube Money works? Click here. These sub-accounts are called “qubes” and they are the spending categories (“envelopes”) of the budget you’ve set up inside the app. This account can be divided into as many “sub-accounts” as you need. Your account with Qube is a literal FDIC-insured checking account that’s separate from your other spending accounts. It combines a digital envelope experience inside the app with its own debit/credit card. Qube Money was built around the cash envelope method of budgeting. Transactions from your accounts can also be manually entered. YNAB also syncs with your bank and credit card accounts to import your spending information. When you use YNAB, you’re primarily using it to create budget categories, prepare for upcoming expenses, and track the balance of your current budget. The difference is that when you use your Qube Money debit card, you’re spending straight from the budget you’ve created.īelow, we’ll answer five questions, to help you understand which of these two is best for you. Similar to YNAB, your budget lives inside the Qube Money app. It’s a spreadsheet-based website/app combo that helps you set up your budget in categories and track your expenses.Ī newer app with a growing reputation, Qube Money is an app/debit card combo that unites your bank and budget in one system.
You Need a Budget (YNAB) has been a big daddy in the budgeting app world for a while. This article is here to help you make your choice! If you want to stick to your budget and want the help of an app, you may have narrowed it down to YNAB and Qube Money. A budgeting app can make life easier, but because the app store is packed with them, it’s hard to know which one to choose.
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