Expensr – Where Did All Your Money Go?

Posted on 13. Jul, 2007 by in Saving & Investing

Expensr is a new FREE online personal finance application that I’m really beginning to enjoy.

If you’re just starting out and want to get a handle on your finances, Expensr, might be perfect for you. It’s biggest feature is its price ($0) but the web-based application is very good at what it does. It’s no quicken, but it allows you to track spending, projected spending, and create budgets.

You can upload your bank account statements in a .ofx format, or manually enter transactions as you would in your checkbook register. But a nice security feature that you won’t find on similar sites is the fact that you upload your bank statements manually. You don’t have to provide your bank username and pasword (as with some other finance products). OFX files do contain your bank account number, but not your bank username and password. Expensr does not store the OFX file after parsing it, only the transactions in it (name, date, amount).
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One of the more interesting features (and my favorite) of Expensr is its social network. You can anonymously compare your spending against others. This means you get to see the aggregated data of the users of a particular tag. Want to compare your rent with other twenty-somethings? You might find your spending less on groceries that many of your peers.

As I said before, Expensr isn’t the world’s most sophisticated finance application, but it’s a very solid web-based finance app. If you’ve been putting off tackling your finances… this is a good place to start!

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