InfoAnda - Financial crisis a boon to money management websites

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Iran leader in China after about-face on sanctions | 11 June 2010
2 Pakistanis arrested in Britain return home | 3 September 2009
Renesas: to start shipping 40-nm chips in 2014/15 | | 28 May 2012

AMD revenue beats Street but shares fall | | 16 April 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : Financial crisis a boon to money management websites

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Financial crisis a boon to money management websites AFP - Monday, January 5 SAN FRANCISCO (AFP) - - Balancing checkbooks and relying on paper bank statements is so last century. Over the past two years, websites such as Mint, Buxfer, Geezeo and Wesabe are wooing users with powerful online money management tools and the promise of access to their financial information from anywhere in the world. And it's working. New user signups have tripled for industry leader Mint.com since the financial crisis hit the United States in September, with 40,000 people joining in the last week alone. Geezeo had 20,000 visitors a month back in May -- today, they're averaging 150,000. And they're by no means alone. "You have this generation of people using debit and credit cards, but removed from where their money is going," Geezeo.com co-founder Peter Glyman told AFP. "The silver lining is that it creates an excellent audit trail." The ability to aggregate credit card statements, checking account balances, and other financial data together into a simple interface was what attracted 32-year-old Kelly Whalen to Wesabe.com. "With so many accounts all over the place, it's hard to figure out what's going on with just a pen and paper," she said. With the help of Wesabe's financial tools, as well as its anonymous user discussion forums, the stay-at-home mother of four from Pennsylvania embarked upon a "No-spend Month." With some preparation, she was able to limit almost all of her extraneous spending for an entire month. "We ended up saving 500 dollars, which was our Christmas budget," Whalen said. "It showed just how much money goes out the door." Whalen is one of thousands of users who have cut down on their spending with help from the site. "Half of our users have changed their spending as a result of using our program," said Mint founder Aaron Patzer. "Average user spending has decreased by 300 dollars to 400 dollars per month over the last year." Additionally, while Mint, Buxfer.com and Intuit's Quicken Online offer a host of spending analysis tools, Geezeo and Wesabe offer discussion forums akin to the social networking groups in Facebook. "Money management is something people have been doing for years, but most of us aren't trained on this," said Wesabe's vice president of marketing Gabriel Griego. "Now, people can log on and post the most intimate details of their financial information anonymously, and get detailed and thoughtful advice from people who are going through the same thing." Most of the websites also offer the ability to send text messages to users warning about unusual spending or upcoming bill payments. And some even offer support for Apple's iPhone, giving users mobile access to their information. Still, with all the benefits and tremendous growth of the new financial websites, the average age of its users has remained around 30 years old. "Security is a big issue for all financial sites," said Buxfer co-founder Shashank Pandit. "Some people are scared about this whole idea of putting finances on the Web. But it's not any better or worse than their bank." Another barrier for customers has been that most of the websites cannot offer automated bank and credit card account synching outside North America or Britain, although some offer users the ability to manually upload their information. Another thing that has left potential users uneasy has been the website's business models. While almost all of them are backed by venture capital money and have yet to become profitable, Mint makes its money by suggesting lower interest credit cards and higher yield savings accounts through its partners. The others either have advertisements or tiered membership options. Still, the sites insist they are committed to free access for their users. Whalen said her experience has been worthwhile. "Having the ability to see this information is like personal finance 101," she said. "I thought having credit card debt wasn't a big deal, but when I saw how much of our monthly budget was going toward debt, that was a big wake-up call." Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Internet Portals & Search Engines Financial crisis a boon to money management websitesAFP - Monday, January 5 AsianWeek to go online onlyAFP - Saturday, January 3 Wikipedia reaches 6-million-dollar fundraising targetAFP - Saturday, January 3 JPG Magazine shutting down next weekAFP - Saturday, January 3 Related Articles: Technology Financial crisis a boon to money management websitesAFP - Monday, January 5 Worldwide semiconductor sales fall in NovemberAFP - Saturday, January 3 AsianWeek to go online onlyAFP - Saturday, January 3 Wikipedia reaches 6-million-dollar fundraising targetAFP - Saturday, January 3 JPG Magazine shutting down next weekAFP - Saturday, January 3 Enlarge Photo Over the past two years, websites such as Mint, Buxfer, Geezeo and Wesabe are wooing users with powerful online money management tools and the promise of access to their financial information from anywhere in the world. Related Photos Slideshow Full Photo Coverage: Internet Portals & Search Engines Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed US steel industry in collapse, eyes government aid: report Rare Bugatti untouched for 50 years could fetch millions: report World's oldest person dies at the age of 115 Vogue editor biggest fashion flop of 08: Time Paulson blames global imbalances for credit crisis: report View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Sunday, 4 January 2009
Israeli tanks and troops fight Hamas in Gaza
Pakistan arrests former top Taliban figure: security official
Thousands protest in Europe at Gaza offensive | International |
Marines in combat still seek a better flak vest
Israeli ground troops have entered Gaza: army
Marley Songwriting Collaborator, Vincent Ford, Dies
Israeli strike on mosque 'kills 13, wounds 60'
Ghana opposition leader wins presidential election | International |
Strong quake hits off Indonesia's West Papua province: seismologists
S.Korea says domestic power prices too low
Sri Lanka presses on with fight against rebels
Search Called Off For Florida Mission Cruise Ship Crewman
Student Dressed As WWII-Era German Soldier Killed By Seattle Police
AirTran Airways Refuse To Board Nine Muslims
Actor Sam Shepard arrested for DUI in Illinois
Relative unknown to take lead in BBC's 'Dr Who'
Thunder of artillery signals ground push on Gaza
UN Security panel schedules meeting on Gaza fight
Brown plays down fresh bail-out for banks
Israeli ground troops invade Gaza to halt rockets
John Travolta's teenage son dies, autopsy planned
Amid Broadway woes, curtains up in China
Colo. gov names schools chief for Senate vacancy
Two powerful quakes rattle Indonesia
US blames Hamas for growing Mideast violence
Two of four newly appointed Senior Counsel are from AG’s Chambers
Denver schools chief named to fill Senate vacancy
Tsunami alert lifted after strong Indonesian quake
5.9 quake shakes northeast Afghanistan, Pakistan
Series of powerful quakes rock eastern Indonesia
Guam, focus of new US strategy, faces hurdles
Report: AT&T Degrading 2G Network Signal To Make Way For 3G
Guests for the Sunday TV news shows
Israeli tanks, soldiers invade Gaza Strip | International |
France leads alarm over Gaza, splits with US
Taiwan believes China may cut missiles aimed at it | International |
Gazprom urges Ukraine to resume talks on gas crisis
UN Security Council fails to agree on Gaza ceasefire call
Quake hits Indonesia's West Papua, four dead | International |
UN Security Council fails to agree on Gaza statement
Ukraine warns EU of 'serious gas problems' in 10 days
Invading Israeli troops battle Hamas fighters in Gaza
Japan PM: No snap poll before '09/10 budget passes | International |
Put kangaroos, camels on Australian eco-menu: scientists
UN Security Council meets on Gaza
NYC mayor heads to Israel to 'show his support'
Nepal boat sinks, 29 missing: police | International |
Vietnam workers strike over alleged abuses: reports
China violates accord with Japan over disputed gas field: report
Japan Inc. says recovery unlikely this year: polls
Indian minister to take Mumbai evidence to US: reports
Chinese manufacturing shrinks in December
Sri Lankan troops move on Tiger's military base in jungle
Japan's beleaguered PM says no plan for snap election
Japan's beleaguered PM says no plan for snap election
Base jumper survives 60-metre fall with failed parachute
Bank of Japan chief eyes action on strong yen
China arrested almost 1,300 in Muslim west last year: report
S.Korea c.bank vows rate policy to support economy
35 missing in Nepal boat accident: local official
SKorean parliament clashes leave dozens injured: officials
Fireworks factory blast kills 13 in eastern China
Blast at China fireworks factory kills 13: state media
Penn, Hawkins, Israeli film win critics' awards | Entertainment |
Actor Sam Shepard charged with drunken driving | Entertainment |
Series of powerful quakes kills 4 in Indonesia
Series of powerful quakes kills 3 in Indonesia
Hotel collapses after powerful Indonesian quakes
Vilnius, a 2009 European capital of culture
Spoleto Festival USA unveils modest 2009 schedule
Critics pick 'Waltz With Bashir' as best '08 film
Female suicide bomber kills 35 near Baghdad shrine
Female bomber kills 35 at Baghdad shrine | International |
Israeli Arabs on Gaza firing line lack shelter
India to give U.S. Mumbai evidence against Pakistan | International |
Financial crisis a boon to money management websites
Russia-Ukraine gas row disrupts supplies to EU | International |
South Africa's anti-apartheid activist Helen Suzman buried | International |
Thai police to charge club owner over deadly fire
Two more Singaporeans among Bangkok blaze victims
Police: Gunbattle kills 7 in Indian Kashmir
SKorea's opposition party sues parliament speaker
Opposition: No hope for future of Myanmar
2 dead, dozens missing in Nepal boat accident
Sri Lanka pushes ahead with war on rebels
Captured rebel land in Sri Lanka deserted
Female bomber at Shiite shrine in Baghdad kills 38
Africa hails Ghana election as democratic success | International |
New York mayor, in Israel, backs strikes on Hamas
Russia wants warships stationed around the world | International |
Demonstrators try to reach US Embassy in Beirut
Chinese manufacturing shrinks in December
Samurai archery, an ancient sport, still thrives
Pakistan army discovers van packed with explosives
CAN! ambassadors bring YOG spirit to Orchard Rd
Official: Near-freezing cold kills 20 in India
Fund—raising initiative raises S$60,000 by collecting recycled items
Club owner to be charged as Thai fire death toll hits 62: police
CAAS sends condolences to family of Leslie Yeo
Man's Last Gift To Widow, $10m Winning Lottery Ticket
Recycling food waste set to become more popular with growing awareness
Californian Is Now Officially World's Oldest Living Person
Castro Optimistic About Obama Administration
French ski resorts get a lift in business
Ticket Bought By Man On Day Of His Death Wins $10m For His Widow
L.A. Woman Is Now Oldest Person On Earth
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01