Comments on: Wesabe Makes Money Management Social

By: jenifere fox

jenifere fox — Fri, 16 Jan 2009 10:07:07 +0000

I have been using manageMe and find it suitable for my financial needs. This web application helps me to keep a track record on my daily expenses while traveling too. It is also launching its enhanced version manageME7. you may check the updates on http://www.manageme7.com/blog

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Comment on Virtual World Investment: $148M in the Third Quarter by … — Thu, 16 Oct 2008 03:15:10 +0000

[...] the rest of this great post here [...]

By: Free Web based Banking, Budgeting & Planning software - New Quicken Online Is Free for All

Thu, 16 Oct 2008 00:33:24 +0000

[...] Read Liz @Gigaom.com about Wesabe personal finance management tool. [...]

By: Hedge Fund

Hedge Fund — Fri, 25 Jan 2008 01:22:19 +0000

I don't now. I am only 25 and feel overwhelmed with the 30 social media websites I'm already a part of. I think social media will be around forever now but there is only a segment of people who want every website they go to be SM driven. I wonder what the average age of their user is...

Richard

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Sat, 02 Jun 2007 22:42:46 +0000

[...] is a web-based personal finance tool where you can manage your finances. They’ve also added acommunity component where you can share your experiences with money, your saving tips, and your personal money goals. [...]

By: Prosper Loans

Prosper Loans — Thu, 08 Mar 2007 00:30:07 +0000

I'll have to check this site out. I really liked managing my money with Microsoft Money (don't laugh), but it was too time consuming. I'm also a big fan of Prosper. Check out the site ProsperLoansOnline for more info on lending and borrowing.

By: Robert Scoble

Robert Scoble — Sat, 25 Nov 2006 22:48:56 +0000

Eddie and Irina have a nice LunchMeet with the Wasabe team over on PodTech: http://www.podtech.net/home/technology/1558/lunchmeet-getting-a-taste-of-wesabe

By: Swapan

Swapan — Wed, 22 Nov 2006 18:24:30 +0000

Wesable service is very similar to two companies- Yoodle and myCFO.com in mid 1990s. Yoodle had a dificult time convincing consumers to share their personal and financial information with them, since Yoodle was not a financial institution, hence no oversight. Wesable will face similar issues. Any new technology (Web 2.0 in this case) can just be a business enabler. However, the business issues, such as trust, security, privacy,etc., remain the same as they were in mid 1990s for companies offering financial services products.

By: Jeff Fassnacht

Jeff Fassnacht — Wed, 22 Nov 2006 05:09:03 +0000

Derrick,

I agree with the transfer comment, and there actually is a hack to do splits, but to say Wesabe seems mostly like a way to target advertising through tips is so out of proportion with the experience of the site, I have to laugh. Where do you see the advertising?

Anyone who personally knows the founder Marc Hedlund or has heard him speak at a conference (most recently about the "Digital Bill of Rights" at the Web 2.0 Conference in SF) will tell you selling advertising is not on his agenda.

By: Derrick

Derrick — Wed, 22 Nov 2006 01:48:33 +0000

This won't be useful until you can track transfers from one account to another (they say they're working on it) and until you can do splits (is Costco groceries? electronics? household?).

All deposits are called "earnings" and all withdrawls are "expenses" even if the funds are simply put into another account.

Also the goals don't tie into the finances at all.

Seems mostly like a way to target advertising (they call them "tips") to the vendors you're buying from.

By: Prashant

Prashant — Tue, 21 Nov 2006 09:20:10 +0000

http://WWW.Prosper.com is onemore company in this space . i like the idea very much and looking at the details it looks they have done their home work well . i saw a talk given by one of thier executive at google tech talks . it was wonderfull

By: Ryan Williams

Ryan Williams — Tue, 21 Nov 2006 05:29:19 +0000

I like what I seen so far in Wesabe. The tips and goals are nice social features that should help people start sharing thoughts on how to improve their finances.

But, I just wanted to point out that NetworthIQ (http://www.networthiq.com) has been doing social personal finance for over a year, allowing people to track, compare, and share their net worth (sharing is optional). I’m sure our conversion rate of visitors to users is lower than most apps because of the nature of the data, like you point out. But, we have many fans and we’ve learned some amazing things about people opening up their finances. A third of our users choose to share publicly, and many are driven by doing so. Having people to hold them accountable for improving their bottom line seems to be an added motivator, being able to see how you’re doing compared to others in similar life stages is a popular feature too.

By: Josh

Josh — Tue, 21 Nov 2006 03:50:34 +0000

I dunno if i’ll try it. These days, something has to be uber-cool to get me to sign up. Otherwise, I just won’t bother.

By: IndianBytes.com

IndianBytes.com — Tue, 21 Nov 2006 01:45:18 +0000

Wesabe Makes Money Management Social…

posted at IndianBytes.c…

By: Alchemist

Alchemist — Tue, 21 Nov 2006 01:41:38 +0000

A lot Wesabe’s usefulness is in making your personal finances easier to understand and bringing together a community that can help one another solve financial problems. While not quite there yet, once more users join, it’ll be interesting to see what happens. It’s also neat to see what other people are paying for the same or similar services.

By: Marc Hedlund

Marc Hedlund — Tue, 21 Nov 2006 01:22:17 +0000

Hi, Essin,

That wasn't quite my experience, but I ran the conventions, so what do I know. :)

Jason was the top debater for Southern California, and I was the behind-the-scenes guy. I guess that's still the division of labor.