There are many different types of organisations and processes that Cobudget can be used for. Here are 3 examples of common Cobudget use cases and the details of their implementation.
Cobudget is used to engage a paying (monthly, quarterly or annually recurring) member community in financial decisions.
A percentage or the full membership fee (monthly, quaterly or annually) is made available to members in a Cobudget group to decide what their fee is spent on and suggest new ideas.
a percentage or total of surplus / bonuses are allocated through Cobudget to fund (new) projects.
Alumni-organisations, NGOs, Coworking Spaces, Cooperatives, Associations
Cobudget is used for teams or entire organisations to collaboratively allocate resources to costs of all types and new projects.
Operational costs: events, travel, office furniture, well-being & team building activities
Strategic projects: innovation, exploring new products / services, prototypes, new ideas (i.e. running a contest)
Cobudget is used for funding a commons within a network. They tend to consist of a diversity of individuals and entities (both profit and non-profit) in multiple locations.
Objectives of Cobudgeting in this case are:
Enabling the entities and individuals in the network to fund projects together
Investing in shared assets and infrastructure (i.e. software, branding)
Increasing impact and possibilities by tapping into the resources of the whole ecosystem
Enhancing collaboration between organisations
In this use case there are a many different ways that group members receive funds in Cobudget. Each specific network needs to find the right solution to manage the money flows between entities in a legal and efficient way.