The youth of today are growing up in extremely competitive times.  Competition coupled with a slowing economy is placing many of our young adults at risk.  One of the biggest issues young adults are facing is not having a solid mastery of financial management.  Living budgets provide the visibility youth need to be able to see and manage their finances.

Palmdale, California March 3, 2009-- CLB Systems LLC’s Living Budget Pro 2009 software provides youth with the edge they need to succeed.

Unfortunately, most families have over shielded their kids from the details of basic household financial management; the end result is that the youth is not prepared to enter life with the mindset it takes to properly plan. In general, a youth’s goals are short term and mostly non-essential; cost and affordability is normally not part of their thinking. Educators, struggling to keep pace with the rest of the world, are focusing on other fundamental basic skills.  Our youth need to be able to see their financial picture in a way that will inspire them to create plans, and budget with the goal of achieving realistic objectives; parents must help them see the bigger picture.

Living Budget Pro’s forward approach to planning and budgeting paints a clear picture of their finances.  The program creates up to a year’s worth of transactions based on their income and debt sources; this makes it easy for the program to display their financial potential.  Their financial potential is represented in December’s ending balance after paying all bills and other obligations.  Armed with the knowledge of their financial potential, they can more easily realize a vision for their life and set goals to achieve it.

Now parents can give their youth a tool with their very first checkbook that will help them to become financially responsible.  Living Budget Pro has a built-in check register that automatically updates the budget with actual expenditures; it will immediately alert them if that expenditure caused the budget to go negative anywhere in the future.  Even college students who are being completely funded by their parents can benefit, since their parents can build a budget with them before they depart.  The budget can be based on periodic funding from their parents.  Parents now have the option of having their kids send back a copy of the living budget when requests for extra funding exceeds the parent’s tolerance.  The parent can then review the living budget and determine if expenses were unwisely exceeded.

The uniqueness of this software relates to living budgets.  A living budget(R) is defined as: the evolving statement of financial position laid out in terms where one can easily manipulate its various components and see results across all periods within its scope, which is typically a year; differs from a budget in that proposed solutions are easily discernible by virtue of the layout; optimal results are achieved with consistent, habitual use. Basically, a living budget is a method of displaying finances in a contextual, editable format where one can easily see the potential of their earnings.  Budgets don’t easily allow for deviations and unexpected expenditures, which cause people to give up.  Living budgets are designed to support and expose the ramifications of these unexpected expenditures, providing a means for the individual to change future expenditures, and essentially balance the budget.

CLB Systems LLC was formed in 2006 with the intent of launching its flagship product Living Budget Pro. 

For more information contact Charles Blake of CLB Systems LLC (http://www.clbsystems.com) 661-274-4790

###

This slow economy is causing people to rethink their spending, and develop budgets.  Living budgets provide a new level of visibility over normal budgets making it easier for individuals to see their income potential, and thusly set achievable goals.

Palmdale, California February 11, 2009-- CLB Systems LLC recently released Living Budget Pro 2009, a software program designed to help people succeed at creating and following through with budgets.

Today’s economy is forcing people to consider developing a spending plan (budget) to help plot a direction through this turbulent time.  There are a variety of reasons why people don’t budget, the list includes: complexity, numbers not adding, commitment, and prior failures.  Other reasons include people not recognizing the value of budgeting, and lastly people who don’t want to restrict their spending habits.  It appears that the current economic climate is applying pressure to this last group of people, and it may cause them to reconsider their position.

The budget process can be divided into three main areas, each of which can be further divided into sub-processes; these main areas are: creating the initial budget, tailoring (fine tuning) the budget, and maintaining the budget.  This software minimizes the complexity of these processes by providing a unique level of visibility and functionality.

Living Budget Pro creates and manages living budgets.  A living budget is defined as: the evolving statement of financial position laid out in terms where one can easily manipulate its various components and see results across all periods within its scope, which is typically a year; differs from a budget in that proposed solutions are easily discernible by virtue of the layout. Basically, a Living Budget is a method of displaying personal finances in a contextual, editable format where one can easily see the potential of their earnings.

The software offers a couple of options for creating a living budget, which makes it easier to get to the actual task of tailoring the budget.  Once created, a living budget displays all the budgetary information in context by period for the year.  Edits made to an existing income or debt source (I-D source) can be applied to one, many, or all periods. Creation or deletion of I-D sources is straightforward. The ease of which these changes can be made makes it easy to create many what-if scenarios, and tailor a budget that actually meets desired goals.

Lack of commitment and failure to follow-through with the budget can be attributed to a lack of vision and goals.  The software provides a label on the main workspace that displays the family’s income/cash potential.  The financial potential label will immediately expose the family’s ability to set and achieve goals. 

The software has a built-in check register that makes updating the living budget easy.  All check register entries automatically update the living budget.  Upon exiting the check register one can easily see if preset goals or upcoming non-discretionary expenditures have been compromised.  This makes it easy to adjust upcoming discretionary expense items to keep on track. 

The uniqueness of this software relates to living budgets.  Budgets don’t easily allow for deviations and unexpected expenditures, which cause people to give up.  Living budgets are designed to support and expose the ramifications of these unexpected expenditures, providing a means for the individual to change future expenditures, and essentially balance the budget.

CLB Systems LLC was formed in 2006 with the intent of launching its flagship product Living Budget Pro. 

For more information contact Charles Blake of CLB Systems LLC (http://www.clbsystems.com) 661-274-4790

###