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Buxfer – The Ultimate Money Manager

18 Jul

Buxfer is an amazing money management site. I have been using this for a while now and it is very impressive.

The following are some of the functionalities that Buxfer offers:

1. Group Money Management:

If you have roomies or friends with whom you make regular financial transactions, then Buxfer is the place to record them. You can add your friends’ email ids to your group and a transparent system takes care of showing the I-O-Us to the concerned people in the group.

2. Bank Statement Import:

You can import your monthly Bank Statements in Quicken, MS-Money or .csv formats. Buxfer neatly and intuitively lists out all your credits and expenses in your transaction data.

3. Expense Analysis:

Automatic categorization pie chart

By adding tags to all your expenses, you can see a pie chart of how your money has been spent. This would help you understand the areas in which your money is wasted or well-spent, allowing you to alter your spending methods.

4. Scheduled Payments:

You can schedule monthly loan or insurance payments to be automatically debited from your statement. This will save you time while keeping track of your regular expenses. There is also a facility to set reminders for such payments.

5. Budget Maker

You can set a budget for certain expenses and try to keep within the limits. Buxfer gives you an indication when you exceed your budget.

Buxfer has many more tools and features which go a long way in letting you take control of your money.

Some typical Web 2.0 features include:

a) The ability to add a new transaction through SMS.
b) A google gadget that can also be embedded into Netvibes (like everything else. :-))
c) Intelligent auto-tags
d) RSS feeds for your transactions
e) A frontpage that shows you in a nutshell what your current status is.
f) A site blog with regular update news.

What more are you waiting for? Get in there and explore. Control your money.

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Posted by on July 18, 2007 in Reviews

 

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