Many people have asked me why I blog about personal things such as my money. My answer is not usually that simple, but it boils down to a couple things: support and networking.
These two things are important to me because I obviously cannot do this alone. I look to the readers for support and help on my trials and tribulations. The readers here at Walletpop have been instrumental in helping me get to where I am now, although I still have a LONG way to go.
There are many other personal finance sites out there: Mint, Wesabe, NetworthIQ to name a few. I have signed up and used all those sites. Each one of those has it's own strength's and weaknesses. One thing that they are missing is community. There is such a steep learning curve to financial issues, whether it's figuring out which credit cards to sign up for, how to consolidate a student loan, how to go about getting a mortgage, what on earth an IRA is--whatever. Sometimes people can feel alienated by their lack of experience or their debt. There are countless other people out there that are going through the same things we could all learn from each other.That is where Debtsy fills the void. Located at http://www.debtsy.com, Debtsy, currently in private beta, fills the void that all those other sites seem to miss. They tend to focus on syncing with your accounts and automatic notifications and things like that. Those features seem redundant to me. The people who I have met online through personal finance blogging don't need reminders or syncing utilities that are always out of date. They want simple tools to track their finances and more than anything else, community. I have been using Debtsy for 3 days now and love it. The site is under constant development so new features are being rolled out all the time.
Think of Debtsy as the "Facebook" of personal finance. You build your page, add your accounts, you can even set goals for your personal finance goals. You can add friends and create groups to meet people that share the same goals/problems as you. As a community, everyone can help improve their situations.
As I mentioned, Debtsy is currently in private beta; however, Debtsy founders have given me a select number of invites to issue out to Walletpop readers. To receive an invite, send an email to email@example.com.
Debtsy - The online community for personal finance