Team Budget Blog - New Budgeting Tool

Top 3 Pains of Team Budgeting 

As a Product Designer here at FlipGive, I spend my time talking to busy sports parents in order to understand how FlipGive can make things easier.

It is clear that team budgeting is a serious pain in the pants. I have interviewed and surveyed hundreds of team budgeters and regardless of sport or city, a few common patterns emerged. 

Here are the top pains and pointers!
 

1. Being new

For first time budgeters, being asked to whip up a spreadsheet and manage the team budget feels like being asked to calculate the circumference of the radius of the sun. It’s no wonder most new managers reported taking 2 - 3 years to develop a budgeting system they felt confident with.

If this sounds like you, try getting your team’s previous budget manager to send you a recent version that can be your guide. Look to your club, association or another team member to help you source this and other useful materials.

2. Nagging parents

Reminding parents to pay their fees is awkward. You don’t know if someone is financially unable to make the payment or simply just forgot. Logistically, tracking who paid, how much they paid, and who still owes money is frustrating. 

More managers are digitizing their fee payments so that money can be transferred immediately instead of waiting to chase down cash or cheques. 

3. No centralized system

Every team budgeter brews their own mix of spreadsheets, quickbooks, emails, Facebook pages, Venmo, online banking apps, papers in the glovebox, misplaced manilla folders, Advil and other tools that all operate in silos. This means you have to track everything on its own, then pull it into one place. This tedious and manual task burns up hours of your nonexistent free time.

There was no good solution for this problem, so we made one!
 

Introducing FlipGive’s Budget Tool

With the budget manager's frustrations top of mind, we set out to build FlipGive’s own budget tool designed specifically for youth sports managers. Our goal is to get everything in one place and automate your least favorite tasks!

• Automatic charts and reports
• Pre-programmed spreadsheets 
• Fee scheduling with automated payment reminders
• Link your bank account and just click to sort new transactions into their budget line
• All inside of one tool with more features coming soon!

For more details and to get early access to FlipGive’s budget tool go here 
 

Happy Budgeting!

Jason