Hi frocco,
CB has helped me manage my money in various ways. Most finanace software will obviously do this, for me CB does it best and like I said it is easy to use. I have CB set up with the following accounts:
a. Bank account
b. Savings account.
c. Investments.
d. Card for Online shopping.
Although It is called CB, I now do nearly all my purchases using my debit card, which is the easiest and most practical to track. At the end of each day I enter all debits into CB and retain the the receipts until I've checked them against my bank statement.
Using cash is more difficult to keep track of. I could withdraw say £200 and then have to track all expenses. Using my debit card for all purchases is automatically recorded and each one appears on my bank statement.
As for keeping in budget. Well once you have populated CB with data you can set up reports that will keep you informed as to your current spending etc. For example I have reports for:
a. groceries.
b. Cash withdrawn
c. Direct debits.
d. Transfers.
e. Car fuel
f. Deposits.
Actually I could go on, You can produce just about any data you have entered as a report. To do this you have to be accurate in entering data. For example I use the word Groceries, If on the next entry I use weekly shopping, then I will not get an accurate report because one of these will be excluded from the report.
I wouldn't encourage you to buy CB straight away. You get a healthy trial period so use it and make sure CB is right for you. I feel confident that you will find it very useful.
I tried Budget but thought it overcomplicated. Do you really want to mimick an 'Envelope' system of budget management, when software like CB displays all your funds in a modern and easy to use Mac UI.
hardcat
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