Qube combines a digital budgeting platform built on a foundation of the envelope method with a mobile banking experience. Here our Qube Money Review about the basics of how the app works. Ultimately, Qube is designed to digitize the tried-and-true envelope method for those who want to change spending patterns or build more discipline as it relates to their finances over time. ![]() However, it does so in a modern, easy-to-use way that allows individuals to monitor and manage their spending more closely. Qube Money is a mobile app that utilizes the envelope budgeting system at its core. That shift in popularity has to do with the reality that we are moving toward a non-cash economy.Īs a result, envelopes full of physical money simply don’t work as well for budgeting as digital tools. Then, each time money comes in, it is divvied up into an envelope in the amount needed to cover that expense and that expense only.Īlthough the envelope method is a smart money management strategy, it has fallen out of favor with both consumers and financial experts in recent years. The envelope method essentially gives every dollar a purpose by dividing expenses and savings goals into specific envelopes. However, when it comes to the basics of cash flow – that is, monitoring what’s coming in versus what’s going out – the envelope system has long been a tool for success for many individuals and families. ![]() ![]() Several schools of thought drive personal financial management strategies, spanning debt repayment and budgeting to investing and saving for retirement.
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