August 8, 2007

Saving Alone and Together

We trust people who are just like us more than we trust companies, institutions or the government.  So, it was only a matter of time before social networking took on a financial cast with websites that  let people compare saving strategies or trade financial advice.

I haven't checked any of these sites yet, but I wanted to pass on this story about Sharing the Wealth so that you can explore them if you want.

The woman behind one NetWorth profile said she started blogging about her finances because she felt alone.
"Being able to read and see the details of how others were managing (or not) their money was something I found very interesting and powerful," BostonGal, who insists on remaining anonymous because she posts so much detailed financial information online, wrote in an e-mail. "For me, it was finally answering questions such as, 'How can people afford to buy that?' or 'Am I the only one who struggles to save?' "

Posted by Jill Fallon at August 8, 2007 9:39 AM | Permalink
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