With a heavy focus on budgeting, the Spent and Funded amounts for each qube are extremely important. They also set the foundation for monthly reports. One thing to keep in mind before we dive deeper into the math is that currently all of Qube's calculations are based on a monthly budgeting period. In future, we will be able to support custom budgeting periods.
Let's look at each category separately:
Funded Amount
Any time you add money to a qube during the calendar month will add that amount to the qube's "Funded" amount. Any time you remove money from the qube (not through spending, but through internal transfers) will reduce its Funded amount. The Funded amount will reset to $0.00 on the first of each calendar month. Here are a few scenarios to explain how Funded amount is affected:
A transfer from the Cloud to "Qube A" for $50 will increase the "Funded" amount of "Qube A" by $50.
A transfer from "Qube A" to the Cloud for $50 will decrease the "Funded" amount of "Qube A" by $50.
A transfer from "Qube A" to "Qube B" for $50 will decrease the "Funded" amount of "Qube A" by $50 and increase the "Funded" amount of "Qube B" by $50.
The ReQube of a transaction for $50 from "Qube A" to "Qube B" will not affect the "Funded" amount of either qube.
A Peer-to-Peer transfer from someone else that you put into "Qube A" for $50 will increase the "Funded" amount of "Qube A" by $50.
Spent Amount
Any time money leaves your Qube Money bank account from a qube, it is considered spent. This can be through a purchase, a Peer-to-Peer transfer, or an ACH Transfer out of a qube to another bank account. Simply moving money from Qube A to Qube B is not counted as "spent," as the money has not left your Qube Account yet. The Spent amount will reset to $0.00 on the first of each calendar month. Here are a few scenarios to explain how Spent amount is affected:
A transfer from the Cloud to "Qube A" for $50 will not affect the "Spent" amount.
A transfer from "Qube A" to the Cloud for $50 will not affect the "Spent" amount.
A transfer from "Qube A" to "Qube B" for $50 will not affect the "Spent" amount of "Qube A" and will not affect the "Spent" amount of "Qube B."
The ReQube of a transaction for $50 from "Qube A" to "Qube B" will decrease the "Spent" amount of "Qube A" by $50 and increase the "Spent" amount of "Qube B" by $50.
A purchase at Costco for $50 from "Qube A" will increase the "Spent" amount of "Qube A" by $50.
A Peer-to-Peer transfer from "Qube A" for $50 will increase the "Spent" amount of "Qube A" by $50.
An ACH Transfer out of "Qube A" for $50 will increase the "Spent" amount of "Qube A" by $50.
Assigning a Qubeless Transaction for $50 to "Qube A" will increase the "Spent" amount from "Qube A" by $50 and decrease the amount of your Qubeless balance by $50.
