Few experts would recommend dieting or overcoming a bad habit without a
solid support structure of friends and family. So why should
self-improvement centered on personal finance be any different? In fact,
judging by user success at Geezeo (
collaborating with friends on how to budget hard-earned money can
actually lead to better decision-making. Today, to make it even easier
to encourage the involvement of friends and peers in getting your
financial house in order, Geezeo has introduced its new "
and "Friend" features.
Geezeo's Feed allows you to selectively share financial events, both
good and bad, with the broader Geezeo community. Opened a new credit
card in order to buy a hot pair of shoes? Let your network see it, and
give you words of encouragement you need to get back on the financial
wagon. Resisted the long weekend in Vegas to pay down a student loan?
Share your story of financial will power to get some positive
In addition to its Feed, Geezeo introduced the Friend feature to give
users with similar financial goals an easier way to track each other’s
successes and failures. Groups of users tracking their finances can have
fun tracking their friends' spending habits.
"As the term ‘social finance’
implies, Geezeo is at its best when we give users the tools they need to
interact with each other,” explains Peter
Glyman, Geezeo co-founder. "The Friend and Feed features are a natural
extension of the Geezeo-based friendships that rose organically through
our Goals and Groups features. Geezeo’s Feed
and Friend features provide yet another level of sharing, discussion and
transparency into consumer spending, vendor pricing and financial
Shawn Ward, Geezeo co-founder, added, “Geezeo
has a wide variety of tools for managing and monitoring financial
accounts, from Tags to Confessions to Mobile. But what sets us apart
from others is our firm belief that social finance is not about free
online tools, but about the sharing of financial goals and insights
across a like-minded community."
As with all information accessed and posted via Geezeo, the Friend and
Feed features are highly secure, with users in complete control of what
they display in their Feed and share with their Friends.
"We're excited to see how Geezeo users maximize these new features,"
adds Ward. "Many Geezeo users have picked up budgeting tips and
money-saving strategies that they wouldn’t
have found elsewhere. After all, it’s not what
you know but who you know that often matters most."
social finance company that combines free, easy-to-use online personal
finance tools with the power of social networking to provide the
resources, information and motivation consumers need to achieve their
financial goals. Geezeo was the first social finance site to offer users
text message access to all of their account balances and to aggregate
all of a customer’s financial data on to a
single platform. In April 2008, Geezeo became a member of TheStreet.com
network of sites.
The party is over. Americans stuffed themselves on debt for two decades. They bought bigger houses and they spent with abandon at Wal-Mart and the mall. And how did they pay for it? By opening credit cards; Americans hold four cards each on average.
Advice from expert financial credit counselors help debt ridden Americans deal with their credit debt in a tough economy. Author and credit counselor Howard Dvorkin offers insights to how people can rein in their debt.
Fort Lauderdale, FL (
The statistics are harrowing--borrowing from cards and other unsecured lines of credit rose an annualized 11.3% in November to $937.5 billion, according to the Federal Reserve. Consumer credit increased by $15.3 billion in March, to $2.56 trillion, the biggest monthly rise since November 2007 and more than double the amount it increased in February, not including home equity loans.
"Many people who call for help don't qualify because they have waited too long to contact us. There seems to be no sense of urgency," says Howard Dvorkin, founder of
Consolidating debt vs. Debt settlement
When people find themselves falling behind on their day-to-day payments and spiraling deeper into
Debt settlement companies work in a different manner. Most people who contact a debt settlement company have waited much too long and are in collections. Some debt settlement companies will tell them to stop paying their bills and instead put the money they save into a trust - which the debt settlement company sets up. Once they save the negotiated amount of money that they owe the debt is paid off but their financial woes are not over. The company takes a hefty fee and they also harm the person's credit score. Most people will also likely get taxed on the difference that they owed and the amount settled upon. The IRS will send a 1099 form and they will be responsible for paying taxes on that money.
Debt settlement companies are better for old debts that must be paid off; they are best used only when people are most desperate. A credit counseling agency benefits those with recent debts and it may also help with credit scores because the people in counseling are paying off the debt they owe, not missing payments.
Take Charge of your Debt:
No one is alone during these volatile times. Thousands of Americans are facing debt, foreclosure and other financial adversities. The longer they wait the more serious their situation will become. If they are only making the minimum payments on their credit cards then they will be paying them off for what could be years and most of their money will be going toward the interest.
"If a person decides not to make payments then they will face debt settlement or bankruptcy and they will be crippling their credit score. They should contact someone who can help. At the very least they will get feedback on their financial situation and a few suggestions on what they can do to remedy their debt," advises Dvorkin.
About Consolidated Credit Counseling Services, Inc.:
Headquartered in Ft. Lauderdale, Florida, since 1993, Consolidated Credit Counseling Services' mission is to assist families in ending financial crisis and solving money management problems through education and professional counseling. The firm is a nationally recognized, federally approved, non-profit, tax-exempt organization.
New Widget Features Easy Installation, Keeps Users on Your Site
Wilmington, DE (
“Our colorfully graphic mortgage and loan calculator adds consumer interest and functionality to your site,” Olevskiy said. “Consumers nationwide are still looking for their best deal, and the calculator illustrates almost instantly whether a new mortgage or loan will work for them. When consumers access it from your page, that builds appreciation and loyalty for your site.”
The calculator is easily installed on either Websites or blogs using a widget, a block of code that enables browsers to display the calculator. The widget produces a clean graphic form that allows users to enter mortgage or loan terms, then calculates the values. The widget can be viewed and downloaded at
A key advantage of the widget is that the calculator displays its results on your page. “The graphic display appears above the content of your site, so users never leave your page,” Olevskiy said. “Your content is still visible through a transparent overlay that frames the calculator display. Once users finish with the calculator, your content returns to the top layer. As Web authors, we know how critical it can be to keep traffic on your site. We designed the widget with that important factor in mind.”
Blog owners can download a zip file and unzip it into their WordPress wp-content/plugins directory, then activate it through the Plugins menu.
An Internet software firm, Arsidian published previous versions of related calculators at
prfe @ mlcalc.com