Pennyminder preparing to launch social finance platform

(I know these posts are few and far between, but I can blog or I can write code, I have chosen to write code :).

A lot has been happening over the last 7 months. Pennyminder has been rewritten from scratch adding in many of the most basic features needed in a personal finance tool and laying the ground work for the future.

In the past two years since the prototype was put up, my life has changed dramatically, most importantly getting married. Keeping two people and multiple accounts straight and informed about the state of the finances is (clearly) more complicated than one person and one account (which can be hard enough!).

And in discussions with others it has become clear that many people are involved in social groups with shared expenses and financial responsibility. Couples are obvious, but also roommates, business partners, social clubs, church groups, people sharing boats or cabins, etc.

Our new social finance platform that will be launching soon that solves this very problem. It solves it by allowing you to share financial information with select people that you know. For each count, project, trip, group, etc, a journal is created where deposits and withdrawals are recorded. A journal can be shared with many people and you choose who has access to these journals.

Now this is a very simple thing, but it is also very powerful. It allows for each of us to have a complete picture of our overall finances that are important to each individual without cluttering that view with things that do not matter to that individual. So I'll leave you with that to ponder while I work on the next release.

I'll be posting some specific examples of Pennyminder uses over the next little while.

The site is private invitation only mode right now. If you would like a key to try it out, just send me an email or sign up on the waiting list.