Wednesday 12 November 2008

A good sign that we're heading for lean times...

Is a venture-funded, money-saving tips site! However, www.wesabe.com is slightly different.

To start with, Wesabe encourages you first upload statements for your bank or credit card account, prompting you for some further information to help integrate your monetary habits.

Once you're set up, the site allows you to tag all your outgoings and income, which helps you create a picture of your spending habits...for better or for worse.

For example, Wesabe will show you a merchant with whom you have spent money recently, and then allow you to tag them accordingly i.e. TFL can be tagged with transport.

In true, thrifty spirit, you can join up with fellow scrimpers, as Wesabe has the obligatory Web 2.0 community section, featuring numerous support groups of hard-up people, giving tips on frugal living.

It's definitely a great idea - not sure how they intend to make money from it though. Although, if they follow the advice on their forums, they may not have to.

No comments: