There’s a new web tool in beta called NetWorthIQ. Its purpose is to allow people (anonymously, if they wish) to share their net worth and track their finances month after month, similar to the way I do at Consumerism Commentary.
NetWorthIQ has potential. I signed up and entered my net worth in less than two minutes, and by doing so, my public profile was created. One of the features still in development is the ability to compare progress between individuals of like age, educational level or job function.
I would like to watch the service as it grows. Perhaps it is something that can be integrated into my monthly review process. Here’s one suggestion for improvement: I’d like to see configurable and categorizable items rather than the hardcoded items currently included.
By the way, there’s a NetWorthIQ blog (of course).
Updated February 6, 2012 and originally published July 15, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.