We have released a set of new exciting features.

Automatic categorization: Our users liked the pie charts, but that required pain-staking tagging of all transactions. We tried to reduce the pain with automatic tag rules, but that’s still work! Now we have moved one step closer to our goal of making our users do zero work. Buxfer now automatically classifies your transactions into hierarchical categories. We are continuously working to improve our categorizations. Meanwhile, if you feel unhappy with a category Buxfer has chosen for some transactions, you can always use tagging (and auto-tagging) to help get even better classifications.

Budgeting and deals: We’d like to help our users save money, not just track it. So, we’ve added two new features to the mix.

• Budgets: You can now create budgets on Buxfer. Tell us how much you’d like to spend on certain tags for a month, and if you go overbudget, we will send you an alert! Make sure you don’t spend $200 on coffee every month :)

• Deals: Everybody likes a bargain. And we know our users will be no exception. Buxfer now shows deals related to your transactions, so you know (a) whether you got a good deal on your purchase or not, and (b) how you could save on related future purchases. We make no money from any of the referrals - they are just there since we believe they will help users save money!

We hope you will find the new features exciting and useful. As always, don’t forget to let us know what we’ve missed! Oh, and you can now chat live with the Buxfer founders in case you think we’ve gotten slower with our email replies. :)

Jim Bruene (of onlinebankingreport.com and Netbanker.com) has reviewed Buxfer on NetBanker.com. The review highlights Buxfer’s “impressive features that no bank or credit union has offered to date.” Read the complete review replete with screenshots here. Thanks for the review, Jim!
The review goes on to say:

When logging in through a third-party service, users are not required to provide ANY personal info, i.e. there is NO registration process, an amazing experience.

Indeed, we want our users to begin using our site right away, and not worry about annoying things like registration. That is why we have taken so much effort to allow all major third-party logins. We are quite pleased to see that Jim, an expert on online banking, loves this feature! In general, we don’t want to collect any personal information from our users, unless absolutely necessary.

Why are we obsessed with shared expense tracking? As Jim surmises, it’s because of our student backgrounds. We understand the severe pain in tracking IOUs on disappearing bits of paper and on cumbersome spreadsheets. But Buxfer does more than just tracking these debts. Buxfer’s notion of groups enables automatic cancellation of debts among members which significantly reduces the need to perform actual money transfers. Learn more about groups

Finally, we are working with financial institutions to make sure Buxfer integrates seamlessly with banks and credit cards. We want our users to do ZERO work and get automatically categorized transactions while they are sipping coffee :) Stay tuned!