Comments on: New Feature: Cutback Tool Helps You Save On Recurring Monthly Expenses (Or How I Caught WaMu Skimming My Savings) http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/ The Wesabe blog Thu, 14 Jan 2010 18:37:20 +0000 http://wordpress.com/ hourly 1 By: Introducing Wesabe Springboard, our new platform for credit unions and banks « Wesabe: Your Money. Your Community. http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4723 Introducing Wesabe Springboard, our new platform for credit unions and banks « Wesabe: Your Money. Your Community. Wed, 18 Nov 2009 04:08:03 +0000 http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4723 [...] Wesabe learns from every single person who joins –- be it how they tag or rate a merchant, what Cutbacks they choose or don’t choose, or how often they return to that new restaurant down the street –- [...] [...] Wesabe learns from every single person who joins –- be it how they tag or rate a merchant, what Cutbacks they choose or don’t choose, or how often they return to that new restaurant down the street –- [...]

]]> By: Introducing Wesabe Springboard, our new platform for credit unions and banks « Wesabe: Your Money. Your Community. http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4722 Introducing Wesabe Springboard, our new platform for credit unions and banks « Wesabe: Your Money. Your Community. Wed, 18 Nov 2009 04:08:03 +0000 http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4722 [...] Wesabe learns from every single person who joins –- be it how they tag or rate a merchant, what Cutbacks they choose or don’t choose, or how often they return to that new restaurant down the street –- [...] [...] Wesabe learns from every single person who joins –- be it how they tag or rate a merchant, what Cutbacks they choose or don’t choose, or how often they return to that new restaurant down the street –- [...]

]]> By: Wesabe partners with WattzOn to help quantify and reduce your personal energy consumption « Wesabe: Your Money. Your Community. http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4721 Wesabe partners with WattzOn to help quantify and reduce your personal energy consumption « Wesabe: Your Money. Your Community. Wed, 18 Nov 2009 04:07:38 +0000 http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4721 [...] financial data more than just a set of retrospective numbers shown in a few pretty graphs.  Our Cutback tool, for example, identifies trends in your spending and shows you ways to save.  This partnership [...] [...] financial data more than just a set of retrospective numbers shown in a few pretty graphs.  Our Cutback tool, for example, identifies trends in your spending and shows you ways to save.  This partnership [...]

]]> By: Will the Online Personal Finance Specialists Survive? | Velt http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4544 Will the Online Personal Finance Specialists Survive? | Velt Sat, 21 Mar 2009 19:33:32 +0000 http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4544 [...] Bottom line: If the online PFM purveyors harness technology to take better care of banking customers than the banks themselves, especially with practical, money-saving ways such as Wesabe’s Cutback Tool (below), the newcomers have a bright future indeed. [...] [...] Bottom line: If the online PFM purveyors harness technology to take better care of banking customers than the banks themselves, especially with practical, money-saving ways such as Wesabe’s Cutback Tool (below), the newcomers have a bright future indeed. [...]

]]> By: nicoleozde http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4546 nicoleozde Fri, 27 Feb 2009 18:31:40 +0000 http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4546 Just joined and already saved money. I didn't realize, since I don't receive paper bank statements and never, ever check mine, that I have been paying $10 per month for Netzero dialup, and simultaneously paying for MSN services- twice per month- through two seperate accounts through direct withdrawal. I feel like an idiot. Just called to cancel the Netzero and have been in touch with MSN to figure out why double and which to charge @ $30 per month to cancel. Just joined and already saved money. I didn’t realize, since I don’t receive paper bank statements and never, ever check mine, that I have been paying $10 per month for Netzero dialup, and simultaneously paying for MSN services- twice per month- through two seperate accounts through direct withdrawal. I feel like an idiot. Just called to cancel the Netzero and have been in touch with MSN to figure out why double and which to charge @ $30 per month to cancel.

]]> By: The Mr. Feeny Guide to Surviving a Recession http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4549 The Mr. Feeny Guide to Surviving a Recession Thu, 29 Jan 2009 18:34:28 +0000 http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4549 [...] Even Mr. Feeny knew when enough was enough. During difficult times, the last thing you need are bad influences on your health and finances. Cut. Cut. Cut. Cut out draining relationships and don't feel bad about it. You'll have more of yourself to give to others. Cut out unnecessary expenditures. This cutback tool from Wesabe makes it easy and almost automatic. Don't let silly purchases add up and cause even more stress in a difficult time. "Sit down. Stay where you are. For the first time, I choose to walk out on you." - Mr. George Feeny [...] [...] Even Mr. Feeny knew when enough was enough. During difficult times, the last thing you need are bad influences on your health and finances. Cut. Cut. Cut. Cut out draining relationships and don’t feel bad about it. You’ll have more of yourself to give to others. Cut out unnecessary expenditures. This cutback tool from Wesabe makes it easy and almost automatic. Don’t let silly purchases add up and cause even more stress in a difficult time. “Sit down. Stay where you are. For the first time, I choose to walk out on you.” – Mr. George Feeny [...]

]]> By: Debbie http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4543 Debbie Mon, 26 Jan 2009 02:03:04 +0000 http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4543 @pev, Just head over to http://www.wesabe.com/. It's free to be a Wesabe member and signing up only takes a few minutes. Let us know if you have any questions! @pev,

Just head over to http://www.wesabe.com/. It’s free to be a Wesabe member and signing up only takes a few minutes. Let us know if you have any questions!

]]> By: pev http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4545 pev Sun, 25 Jan 2009 23:35:13 +0000 http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4545 This is interesting. This will really help me to budget myself and help my savings account. So how do I or where do I go to get this wasabe technology you're talking about? This is interesting. This will really help me to budget myself and help my savings account. So how do I or where do I go to get this wasabe technology you’re talking about?

]]> By: DavidP http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4542 DavidP Sat, 17 Jan 2009 19:56:39 +0000 http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4542 Great feature! I found that when I started using Wesabe the act of tagging my transactions made me think about recurring stuff and cut it out. I'm happy to say that the only recurring expense it found for me was my energy bill. Great feature! I found that when I started using Wesabe the act of tagging my transactions made me think about recurring stuff and cut it out. I’m happy to say that the only recurring expense it found for me was my energy bill.

]]> By: DWarrior http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4551 DWarrior Fri, 16 Jan 2009 23:59:20 +0000 http://blog.wesabe.com/2009/01/14/new-feature-cutback-tool-helps-you-save-on-recurring-monthly-expenses-or-how-i-caught-wamu-skimming-my-savings/#comment-4551 I'm pretty sure all Cutback does is search for charges from the same vendor that have been occurring regularly (probably does weekly, biweekly, and monthly), then assumes you'll keep paying them and gives you its annual cost. So yes, it'd label your metro card as that, and I suspect haircuts and doctor visits may get caught as well if you're very regular with them. That's why they give you the option to decline. It's a very neat feature though. I’m pretty sure all Cutback does is search for charges from the same vendor that have been occurring regularly (probably does weekly, biweekly, and monthly), then assumes you’ll keep paying them and gives you its annual cost.

So yes, it’d label your metro card as that, and I suspect haircuts and doctor visits may get caught as well if you’re very regular with them. That’s why they give you the option to decline.

It’s a very neat feature though.

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