Hit “Amazon Order” and enter the total amount including tax. When you’re about to place an Amazon order, you open a Qube and hit “Spend” (little green box with an arrow to the right). Qube has an automatic Amazon Orders Qube.
(Because the transaction amount isn’t the same amount as your order value.) So, when you see an Amazon transaction in your account after the fact, it’s hard to know what item it is without downloading all of your invoices. One purchase can actually be processed at multiple times and in different amounts, based on when items are shipped. Would you like to open a Qube?”Īnd it really makes this whole thing secure and easy.Īnyone who has ever budgeted before knows the pain of categorizing Amazon transactions. When a transaction fails, a notification pops up on your phone and gives you an alert that says, “A transaction has been tried at Barnes & Noble but a Qube has not been opened. The way the Qube card works, if you haven’t opened a Qube or there’s not enough money in the Qube, it will deny the transaction and you can try again. There are also no overdrafts meaning no overdraft fees! So, even if you lost your card or someone got your account number, no one would be able to make a transaction without a Qube being open. There is nothing to spend on the card until you open a Qube. While your Qube Money card is a debit card, it’s default balance is $0. (Especially as more debit cards have Visa and Mastercard logos and don’t always require your pin to make a transaction.)
If you lose your cash or your card, someone can easily spend your money and you have limited protections. When you think about spending with cash envelopes or a debit card generally, your money is at risk. I love that Qube gives you the ability to be proactive and intentional with your spending, while also avoiding the time commitment and headache of cash envelopes. And of course that’s a major security risk. This is the reason that cash envelopes have worked for so many people, except for the fact that they’re incredibly difficult to manage. It stops it before the transaction happens! And if there’s not money available, you either need to change your priorities and shift money from one Qube to another or just realize you can’t make that expense.
With Qube, because you’re opening that Qube in the moment, you know that that money is there. This is why sometimes you sit down to do your budget on Friday and you realize, “Oh my goodness, I overspent on groceries again!” And you’re trying to make adjustments to fix it after the fact. Anytime you’re using a budgeting app or tool – even just pen and paper – you are reconciling what you’ve spent and how much money you have after the fact.
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