Social Finance Websites

We’ve been noticing a lot of social finance and investment websites cropping up, like Covestor and Wesabe.

These new money-management sites do things like point out that you are spending a disproportionate amount of money on frivolous things. Okay, we don’t need some third-party software telling us we spend 50% of our salary at Barney’s. But we could see how this might be helpful for the truly budget-conscious.

Editorial note: Whoa! You’ve found a super-old post here on BuzzFeed, from an earlier era of the site. It doesn’t really represent where we are anymore, and may in fact be totally broken, but we’re leaving it up as a part of our early history.

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