What is CIPMB?

Can I Pay My Bills is a system for making sure you have enough money at a specific time in the future.

How does CIPMB work?

Here's an example.

Sure, it's just addition and subtraction, but it's hard to keep track of. CIPMB will tell you what your predicted balance is on each day. If your balance ever goes below $0, you have a problem that needs fixing.

How does CIPMB know my future balance?

To predict your balance on future days, all that is needed is your current balance and a list of expected transactions.

I don't know all my expected transactions. Now what?

Most people don't. You don't know if your trip to the grocery store is going to cost $80 or $90. We recommend setting up an average that gives you a little wiggle room. Enter an expected transaction of $100 and then be happy knowing that you stayed under it.

I've had an unexpected transaction that wasn't entered. What now?

Update your balance. If you went to a restaurant to eat last night, you don't need to enter that transaction. Just update your balance. CIPMB doesn't care about the past, only the future.

Does CIPMB create a log of my expenses

No. CIPMB only helps with future transactions, not past ones.

Does CIPMB help with budgeting?

A little, but not really. Budgeting is the act of deciding how to spend your money. CIPMB will help you determine if you have enough money to pay for the things you've already decided to buy.

Should I include savings, investment, or retirement accounts?

No. CIPMB is a good tool for your highly liquid assets - your checking account.

Does CIPMB link to my bank accounts?

Definitely not. That's your business. Keep those account numbers to yourself.

Does CIPMB cost anything?

No.