Get Personalized Advice From Social Finance Sites

Social finance sites are evolving from utilities that track spending into resources that can provide useful, personalized advice. The sites allow anyone to anonymously upload and tag banking records and credit card statements and receive advice tailored to their particular financial situation.

Some of the sites, such as Wesabe.com and Geezeo.com, include many of the same features offered by popular software programs such as Intuit Inc.’s Quicken and Microsoft Corp.’s Money, such as the ability to track spending in different categories and from different sources in one place. But they also allow users to get feedback from peers that is tailored to their specific circumstances. Some allow users to rate the quality of other members’ tips or provide feedback on various products or services they’ve used.

Have you found the advice from social finance sites useful? Share your experiences in the comments. — CAREY GREENBERG-BERGER

Managing Your Money In Public View [WSJ via AllFinancialMatters]
(Photo: blmurch)

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  1. These sites may be great, but what’s up with the names? “Wesabe”? “Geezeo”? Aren’t those the sounds that Howard the Duck makes during sex? I wouldn’t want to get financial advice from a site with a name like that.

  2. SexCpotatoes says:

    wait, how would you know what noises Howard the Duck makes during sex?

  3. I heard it from a guy who heard it from a duck. She was a “professional duck,” if you know what I mean…

  4. jtarchi says:

    You heard it from a “guy” and “she” was a working man-duck-girl-bear-pig, or something? I’m intrigued…