Monday, May 23, 2011
Spenz Wants To Help You Track Spending Habits And Stick To A Budget
Sticking to a budget can be a challenge no matter how big or small your income is. While Mint.com gives you access into where your money is going, it doesn't incentivize or motivate you to stick to a budget. Enter Spenz, a startup launching at TechCrunch Disrupt today, is launching a proactive way for a younger generation to track where they spend all of their money and provides incentives and rewards for users to budget. People can input their expenses via mobile and web apps. The idea behind a mobile app is to allow users to input something they've spent money on quickly and on the fly. It aims to track both your big purchases and spending (i.e. car payments and rent) and discretionary spending (i.e. coffee at Starbucks, lunch). Spenz will categorize spending into categories like activities, entertainment, food etc.