Wasabi is a hot paste that accompanies sushi. Wesabe is a hot web-site that provides a great application for monitoring how much you spend and on what. Here’s the basic premise of Wesabe:
- Sign up for a free account.
- Download the latest account statement from your bank/s or credit card/s.
- Upload the statement to your Wesabe account.
- A list of your expenditure will appear and you can rename any of the expense items.
- You can then tag any or all of the items in the statement – e.g. ‘rent’, ‘groceries’, ‘bank fees’ etc.
- Now we get to the key benefit – you can generate reports (very funky reports at that) on how much money you are spending on a particular tag, e.g. how much you are spending on rent.
If you find it hard keeping track of where all your money goes, then this could be the tool for you. I haven’t committed myself to Wesabe yet because whilst reading through some of the Wesabe forums I heard about Mint – another personal finance tool that is soon to be released. I’ve no idea how it will compare, but if the Mint blog is anything to go by, Wesabe may have an even hotter competitor. As for wasabi competitors, check out this self-proclaimed “pure evil” hot sauce.
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Hey, here’s another interesting personal finance site you might want to keep your eyes on http://www.spendview.com Last I checked, you could sign up to get notified when they launch their beta.
Hey there,
Great to see the interest in the online personal finance space. Thought you might be interested in checking out Geezeo (www.geezeo.com) a free website for managing and tracking your money. Thanks!
Pete Glyman
http://www.geezeo.com/profile/pglyman
I’m interested to see what spendview will provide, and how it will compare to Wesabe and Mint.
I’ve just checked out Geezeo and it gets the thumbs down on two counts –
1. there is no option for a cash account, to record daily cash expenditure, and
2. Australian bank accounts (at least mine) aren’t recognised.
The fact that Wufoo recognises my Australian banks is a huge positive, as is its capacity to record cash expenditure.
Have you tried doing that sort of analysis in a statistical package such as R (www.r-project.org)? In R, basically any standard data format is accepted (so I’m sure Australian bank statements could work), and you have heaps of statistial tools at your disposal. There are even nice GUIs available to make it even easier.
I guess what I’m saying is that these websites are merely front-ends to these type of packages anyway, so why not cut out the middle man and use the packages themselves (perhaps with the nice GUIs that offer the same functionality)? There’s no inherent advantage to accessing that sort of thing over the web, and there are a few disadvantages.
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