Just a quick update to say that we’ve pushed out a few small bug fixes to follow up on our Quicken support. We added more flexibility to our import process and fixed a few accuracy errors while importing from Quicken.
Thanks to our users for reporting these errors. Any other feedback, please let us know!
Budgeting can really be a very good way to control your excess spending and increase your savings. With the help of the budget system, you can easily pay off your debts and also make plans for your future. Once you become an expert in making budget, you can get help from any debt relief options such as debt consolidation, debt management or even debt settlement. Try to get the required information on these programs so that you can get the correct program as per your debt amount.
Importance of a budget in your personal finance
If you want to have a good financial structure for you and your family, budget is the thing for you. Try to have a budget for every financial transaction and small expenditure that you make so that you know where your money is going. Read on to know the importance of having a budget in your life:
1. Debts payoff
With the help of a budget, you can make your payments on time and if you have any debts, you can pay them off too. You also know the amount you have to pay every creditor. Try to make notes of everything accordingly so that you can pay them off when you have adequate money. Before you create a budget, you may think that debt settlement and other debt relief options are quite costly and made for you. But after a budget, you can afford any of the programs as you’ll be able to save the amount of money to pay the fees.
2. Savings solidified
This is true for a lot of people who have actually taken help of a budget system to make their personal finance better. Budget is always considered the top most priority when it comes to solidifying your savings and other retirement plans. With the help of a budget, you can mentally get prepared to have a good savings account and cut short your expenditures. You’ll be able to understand the importance and power of budget in your life and it can help you inculcate the savings habits in your children too. Try to help your children with it so that they can grow up to be better and responsible individuals in life.
3. Tension free retirement
If you get yourself a budget, you can easily have a good future without any debts. If you’re young now, you have the time by your side and you can easily pay off your debts now. But once you get older, you’ll have a lot of responsibilities on your shoulders and with that comes a lot of expenditures. When that comes, then you know the real importance of a budget system. If you have a budget then, you can manage your money and also the spending. After you get out of debts, you can save well and have a good retirement life. When you retire, you’ll not have the regular salary. But if you have a good savings account and a budget to complement that, you can face and tackle any financial hardship.
The advantages of a budget are a galore and if you can manage your budget well, you can really have a good life ahead. You just have to lead a frugal life and leave behind your lavish lifestyle so that you can do justice to the budget that you have made.
Jason Holmes is a regular writer with Debt Consolidation Care and is also a contributory writer with other financial sites. His expertise is woven around various aspects of the debt industry and with his e-books he tries to impart to people the different situations and simple solutions to get out of difficult situations. Some of his works include e-books like ‘Credit Score The Quintessential Therapy for a Happy Pocket’, Take Creditors and Collection Agencies to Small Claims Court’ and, My Story- From Depression To a Smile’.
Today we’re rolling out the first major update since going live. This update contains major improvements to the bank transaction import functionality of Wiser Wallet:
Support for Quicken QFX/OFX format: We now support importing transactions to Wiser Wallet using the Quicken format. As you may be aware, this format is supported by almost every financial institution in the world. This means if your bank wasn’t supported previously – it probably is now, wherever you are in the world! Select “Quicken” when asked by your bank to export your transactions, and you’ll see the same option in Wiser Wallet to do your import.
Dynamic creation of budget entries: When you’re importing your transactions, you might discover that the transaction belongs to an entry in your budget that you haven’t created yet. In the past, you had to return to the Plan mode and create it there. No longer! You can now create budget entries and categories on the fly while importing your transactions. Simply click on the new icon beside the dropdown box, and we’ll let you create your entry without leaving the transaction import page.
We hope you’ll enjoy these new features!
The big moment has finally arrived! We’ve officially removed the ‘closed beta’ designation on Wiser Wallet and have made signup available to all. The last few months were filled with excellent suggestions, bug reports and feedback from the community. We took the time to work on the site and polish it to a point where we feel we have a great product, and are excited to share it with all of you!
So whether you’re new at budgeting, or someone who likes to keep an eye on their finances – give Wiser Wallet a try, it’s free! Head to the sign up page, and have your first Wiser Wallet budget ready in minutes. As always, we’re available for any feedback you have! You can talk to us on twitter.com/wiserwallet, like us on facebook.com/wiserwallet, or send us an email through the feedback tab on the site!
If you’re new, be sure to check out our quick tour video to get an idea of what Wiser Wallet is all about.
We hope you’ll enjoy the site as much as we do, and keep your eyes peeled for more exciting features coming soon to Wiser Wallet! Things are just getting started!
We think one of the best ways to get to know a site is to watch a quick video showing the site’s features – that’s why we’ve come up with a short 2 minute video explaining the goals behind the site, and general work flow when creating a budget with Wiser Wallet. You can view our YouTube channel at youtube.com/wiserwallet. Look forward to more videos soon from Wiser Wallet, including tips on how to create a better budget!
We’ll also be giving this video a permanent spot on our front page in the following days.
The Wiser Wallet team would like to wish everyone a safe and happy holiday season! Take this time of year to enjoy time with friends and family, and we hope everyone will be able to keep their budgets on track! If not, well… we hope to see you on the site in January 2011!
Happy Holidays!
- The Wiser Wallet Team
We’re happy to announce that we’re reaching the end of our closed beta. Wiser Wallet had over 250 beta testers to help iron out all the bugs, give feedback on new features, and help us test our application. We’re quite happy with the feedback we’ve gotten, and as such we’re excited to announce that starting in early 2011, Wiser Wallet will be opened to everyone. Supporting all of Canada’s major financial institutions and both official languages is something no other product offers, and we’re excited to be able to share this with everyone.
Look for another announcement in early January 2011 when we’ll announce the public release of Wiser Wallet… just in time to get your budget back in shape after all the holidays!
Et oui, nous parlons aussi français! Puisque notre produit est développé au Canada et que notre pays a deux langues officielles, nous avons décidé d’offrir le site en deux langues dès le début. Pour consulter les pages du site extérieur en français, vous trouverez le lien “Français” au bas de la page.
Si vous avez déjà un compte Wiser Wallet et désirez changer de langue, vous pouvez aller sous “Manage”, puis “Preferences” pour changer la langue en français.
Comme toujours, si vous avez des questions ou trouvez des défauts, laissez-nous le savoir!
We’ve recently pushed out a series of updates to the site and wanted to let you know about some of them! Some of these have been driven by the great feedback given by our users, so keep it coming.
Analyze improvements: It’s now easier to see exactly how much money you have left to spend based on your budget. We’ve refreshed the page, added a new color for “scheduled” expenses, and clearer analysis messages.
Scotiabank support: We now support Scotiabank for our bank transaction import feature. This brings our number of supported banks to nine, including the “Big Canadian Five”. So chances are we now support your bank!
Budget editing: We’ve made some changes to the backend to fix a few bugs and generally improve the way editing your budget entries works. Everything should be working much better now.
If you have any other ideas for features you’d like to see, or if something isn’t working quite right, let us know!
We’ve now added MBNA to our supported banks in Transaction Import. Additionally, we’ve made improvements such as stripping out phone numbers and store numbers from your transactions, so you’ll get clearer names automatically the next time you try to import in your budget.
Have any more suggestions for how we could improve the import feature? Let us know!