Wesabe: Community Budgeting and Money Saving Tips

08.27.07 | Money | 1 Comment | by junger

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This past weekend, I signed up for Wesabe, one of the hotter Web 2.0 financial startups.

I haven't had much time to give it a complete review, but so far my experiences have been mixed.

On the plus side:
- The interface is attractive
- The tips, goals and groups are straightforward
- Customer service has been quick and friendly

On the down side:
- The account aggregation is not nearly as effective as Yodlee's. Wesabe doesn't require all of your bank accounts and passwords (you run a script in your browser to upload) and not all accounts are accessible. My E-Loan savings account, for example, can't be downloaded as a Quicken or Microsoft Money file, so I can't incorporate it into my Wesabe profile.
- You can't "add" friends. While I realize this isn't a facebook-type social network, I want to connect with the people I know inside Wesabe — not just by subscribing to their RSS feeds.
- The site seems slow, especially when the uploader is going. Firefox has freaked out on me a couple of times.

If you're not at all familiar with Wesabe, here's a video they've made describing what the site does.

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