Money in Cobudget
Running & Facilitating Cobudget rounds
Any admin can invite new people to their group with their email address, either one by one, or with a bulk upload. Simply click on the settings tab on the upper right hand corner of your group, and select "invite people".
Cobudget is a governance and decision making tool for how to spend funds, but no real money actually sits in Cobudget. When you start a new group, you need to define where the funds represented in Cobudget are being held. In most cases, groups have a special bank account where they keep the funds they are collaboratively spending.
At the moment, there is no way to sync Cobudget directly to your bank account. Cobudget is a decision-making tool only. The funds that you see in your group may stand for real money, but there is no actual money in Cobudget.
Cobudget currently lets you select from the following currencies when starting your group: EUR, USD, CAD, NZD, GBP, CHF, DKK, JYK. There have been discussions about enabling Cryptopayments with Cobudget, and if you are interested in getting involved in this discussion, join in here.
This is a common question! Since money in Cobudget is not real, you can of course decide to use the numbers to reflect time instead of moeny. However, Cobudget is not ideally designed to deal with time at the moment, so you may want to look into using a timebanking tool, or do simple dot-voting with a tool like Loomio.
Yes, there is a full searchable transaction history in each group in the tab called "activity tab" with every transaction in Cobudget, such as funds being added to accounts and buckets being funded. You can also download the transactions as a CSV file.
There are several ways you can learn about how others have been using Cobudget:
To help you design and run great collaborative funding processes, we have created an open source participatory proposal guide. It takes you through a basic 5-step process setting up and running a funding round, from bringing awareness to your group culture, to onboarding, engagement, high quality proposal making and accountability. You can see it as guide.collaborativefunding.org
Cobudget is an open source project, that has been developed thanks to the contributions of a number of developers from the Enspiral network.
Currently, our team is focusing on supporting groups with the practice of Cobudgeting rather than doing technical development of the application, but we work with a number of different development teams when needed.