StartUpToFinish

Filed under: Finance, Web services

We’ve written about personal finance sites like Mint and Spendview before, but Buxfer has a few interesting features that differentiate it from the others. While it offers auto-syncing of transaction information with your banks and credit cards, budgeting, and expense analysis, Buxfer also has three key characteristics:

1. Shared Finances - Buxfer allows you to create groups and assign specific finances to those groups to monitor who owes or receives money. For example, you could create a “Cable Bill” group and assign yourself and your roommates to the group to track who has forked over the cash for the Super Deluxe Sports Package.
2. Google Gears - By using Buxfer’s Google Gears support, you can keep all of your private financial data on your own computer, instead of Buxfer’s servers. The other personal finance sites store your information on their servers, thus out of your control.
3. Mobile Access - Buxfer has a mobile phone interface and an iPhone-specific interface for accessing your account remotely. You can also use Twitter or SMS to get account balances or to be notified of low balances, large withdrawals, etc.

Due to data security concerns, many people don’t want to give their financial account information to third parties. However, account aggregation services like Buxfer can potentially create better security by creating higher, more efficient data availability. Not everyone is vigilant enough to login to every specific bank and credit card website every day to check account balances and check for fraud. However, by logging into a personal finance site, you can check the balances of all of our accounts in a few seconds which may make keeping tabs on your financial well-being a bit easier.

[Via VentureBeat]

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