Paul A. Etienne
MadbuMax
Orlando, FL, Aug. 28, 2020 (GLOBE NEWSWIRE) -- One advancement that has come about with access to the internet and general awareness about financial independence in recent years is that young people are choosing to get financially independent at a younger age. With opportunities popping up such as a career in the retail, food industry, academics, army, etc. as traditional options, the youth are also opting for jobs as influencers, YouTubers, and such other equally lucrative professions that bring in a lot of income. But where there still exists no shortcut to is financial planning.
Studies have suggested that despite standing up on their own feet at such an early point in their lives, the youth seem to have the most mismanagement of financial resources. They often fail to differentiate between a want and a need and easily get influenced to buy luxury commodities that they see their favorite celebrities flaunting without realizing that they do not share the same lifestyle and that the purchase will put extreme pressure on their bank balance.
Thankfully, there is a realistic guide to help you with your personal budgeting and develop healthy financial management patterns.
About MadbuMax
MadbuMax is a software created by Paul A. Etienne that helps you monitor your budget and keep track of your spending. The software has multiple facets to it: income sources, expenses, budget, accounts, overview, and spending.
-
Income Sources:
The software has an “income” module that helps you keep track of your different sources of income and also helps sort these sources of income into different groups. And if you have multiple bank accounts, you can control which bank account money from each of these sources can be deposited into, all through that one software.
-
Expenses:
MadbuMax has an “Expenses” module equipped to help track all expenditures by the users. It records every single expense and helps sort them into categories and lets the user know from which bank accounts the expenses were financed.
-
Budget:
MadbuMax’s budgeting feature is unique. It allows the user to set a sending limit each month. The user can also use the software’s interface and plan their expenditure distributed over a month so as to keep from overspending.
-
Accounts:
MadbuMax helps the user keep track of their balances in their cash card, bank accounts, and e-wallets. It also automatically records and saves the amount of transaction and the account through which the transaction was financed, keeping the expenditure tab up to date.
-
Overview:
It provides a synopsis of all the user’s transactions, expenses, incomes, and budgets. It also provides user’s with spending reports at the end of each month which you can filter and access for an expert opinion.