Tag Archives: money management

Kublax Expenditure Graphs

I’ve been looking for a way to monitor my expenses online to help me see the ‘bigger picture’ of my finances for a while now. Despite budgeting and generally being quite frugal, I started looking for a program that could take some of the work out of budgeting for me so I can spend more time actually figuring out where I should be cutting back. That’s when I found Kublax.

I’ve tested the site and have to say, I’ve enjoyed using it. I found it more user friendly than Wesabe (I got frustrated just trying to upload my account!) and particularly like their ‘people like you’ functionality that gives you an idea of what other people spend on the same expenses.

Kublax is a free to use online money management platform that basically aggregates all your bank accounts in one place. Using bank level security, Kublax pulls together bank, credit cards and building society accounts and then divides all your purchases into an expense category. It’s a lot easier than other desktop accounting tools I’ve tried, and really easy to read, as you can view your finances in bar graphs and pie charts.

I started off by adding my accounts and setting my budgets and alerts to let me know if I start spending more than I would like to in a certain area. Once I’d gone into the transaction section and categorized my expenses, the magic started happening. I could then see my budget against my spending and revelations where made. I spend a lot more on shoes than I thought I did.

Kublax Money Management Tools

By using the ‘compare me’ function, I also discovered that I spend a lot more on shoes than the average other Kublax users. Another revelation.

The other feature of Kublax I think is great is the alerts function. At first I thought it would probably be an annoying function, telling me that I’ve overspent on shoes each day, and lets be honest, I already have my partner to tell me that. However, what this function could really be good for is alerting you to any unusual account activity.

If you’ve ever got that dreaded call from the bank, asking you if you’ve just spent a ridiculous amount on car rental in the Maldives on your credit card while you sit in dreary ole England, you’ll know that sick feeling in the pit your stomach. The alert function means that Kublax will tell you of any irregularity, most likely before your bank has called you.

Overall, I like it. I like that it makes me more aware of my spending habits, and that it makes me actually want to log in once a week to see how I’m going financially. Now, I just have to make myself cut back on shoes.