12 Nov 2007 | Comments |
website review |
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Find out Where All Your Money Goes with Expensr
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Budgeting and persistent tracking or your own cash inflow and outflow is the basic foundation towards better wealth management. If you don’t want to spend money on Microsoft Money or Quicken to do the job, here is another web-based personal finance app that lets you enter your income and expense, and then gives you analysis about your money management habit. I am talking about Expensr.
It is free and allows you to create budgets to track your spending and projected spending. You can upload your bank account statements in a .ofx, .qfx, and .csv. format, or manually enter transactions as you would in your checkbook register. After all your account is set up, and with enough transaction input, you can analyze your spending habit using the pie chart and timeline chart.
Since Expensr is a social network, you can compare your spending against others. This means you get to see the aggregated data of the users of a particular tag. If you are a fresh grad, enter the tag and find how other fresh grads are spending their money. Are you a spend thrift, or living frugally? Numbers are meaningless without comparison.
Summary
Expensr a useful application for those who are serious about their money
- it is user friendly
- with enough data and a set of minimum friends in your network, you will be able to compare your expenditure to the average
- since it is all web based, you don’t have to save a file on your local hard drive. Your financial report is always available wherever you can access internet. This is what I like about web-based application.
- most important - it is FREE.
« Money tips linking 11 Nov 2007 | The Physics of Personal Finance »
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