At first look, Wesabe is a combination of Intuit Quicken and the ubiquitous Web 2.0 folksonomy systems. Over the next week while I’m in California, I’ll take a deeper look. What I’d like to discover will be whether the software will be able to replace Quicken, and if not, what is the value in the duplication of the effort tracking my finances in both systems?
So far, Wesabe has been reviewed by a number of popular techie websites, but hasn’t seen much press in the personal finance blogosphere other than Get Rich Slowly.
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My evaluation is that Wesabe is interesting but I’m not interested in using it. The potential benefits they expect to offer wasn’t sufficient for me to upload my data to their system.
I’ll certainly continue to use Wesabe for several more months. I think it has great potential. But I can’t see it replacing Quicken at this point. I don’t think it’s meant to, though.
I wrote about Wesabe extensively this morning. In short, I like it, but their privacy policy is a bit disconcerting considering they’re dealing with personal finance data.
I think the best thing that Wesabe has going for it are the contextual financial tips, read more at http://www.moneysmartlife.com/2006/11/19/what-wesabe-learned-from-google-adsense
I am interested to see your review on this. This site has been on my radar. Interesting concept, I will eagerly await your review.
I’m one of the founders of Wesabe. Thanks for taking a look. If you have any questions about it, just drop me a line—marc@wesabe.com.