Easy Money Management
Kublax allows you to aggregate your financial data into one place.
In my experience with everyday money management, the simplest and easiest way to make sure you don’t end up in debt is to make yourself a budget. I know you’ve heard it a thousand times before, but if you’re not budgeting, you’re not really keeping a close eye on your spending - and that’s where money problems begin. If you’ve been making excuses not to budget, I’ve found a free tool online that simplifies things.
It’s called Kublax, and it works by aggregating all your bank, credit, and building society accounts together. It’s a free to use program, and once you spend a few minutes tinkering with your settings, you’ll start to see your finances in a whole new light.
What I like about it, is that it takes the parts out of budgeting that people normally trip up on – such as calculations, missing out an expense or forgetting about a direct debit – because it does the calculations for you and categorises your spending into your budget automatically.
I’ve been road testing this financial software for the past six weeks now and have been really pleased with it. Once you’ve uploaded your details, you define your expenses into as many categories as you like. The software then plots your finances for you on an easy to read graph. After you enter in the figures for your budget, your graph will show both your actual spending and your budget visually.
Now I was happy with just those two functions alone in Kublax, and then I noticed the ‘compare me’ tab. The team at Kublax has come up with a way for you to get some perspective on all your finances by allowing you to anonymously compare your finances with others. You can then check out what areas you might be overspending in by seeing what the average amount others spend on that expense.
I’ve been waiting for a decent money management platform like this to launch in the UK for some time now, and would recommend you try it out if you’re not a fan of traditional budgeting and hate spreadsheets. There’s still some room for improvement in the software, but it definitely lives up to it’s promise - ‘Making sense of your money’. If you choose to road test Kublax or know of any other online money management tools, make sure you let us know.
Comments
One Comment on Easy Money Management
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Money Stand on
Wed, 17th Jun 2009 11:14 am
I’ve been testing out kublax myself - personally think the alerts function is excellent to protect finances against fraud.
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