Weekly SMS Summary Reports & Alerts

Weekly SMS summary reports & Alerts

• At the end of each week, Trackspends sends out a summary report by SMS that gives you a summary of expense amount, total expenses and the income amount in your account.


• The format of the daily summary report looks like this
  
  Weekly Report from Trackspends
  Expenses-Today: 700.00
  Expenses-Month: 7600.00
  Income Amount: 13000.00


• We are also coming soon with an alert system.

How to get started with Trackspends for managing group expenses?

Step#1: Get registered to Trackspends account - Free

• Visit www.trackspends.com and register for a FREE web account. You can also register free for the Web account by sending an SMS directly from your mobile number to +91-99011-00022 with the text "track".


• Trackspends sends you an account username and password to your mobile number - that is used for registration.


• Login to your Trackspends account. For tracking group expenses please read below.

You are now ready to start using the mobile edition of Trackspends.

Step#2: Add additional members to an account

• Once you have an account, you can add members with their mobile numbers to that account.


• Using SMS, simply send ADD <mobile number> to the Trackspends number: 91-99011-00022. Trackspends automatically adds the new mobile number as a member of that account. The added member can now send SMS and track expenses in your account and hence can track both the members account.

Step#4: Viewing the expenses member wise

• You can view the expenses member/mobile wise by selecting the member name in drop down list "Filter By Mobile" after login.

So now group of friends and family members can track their expenses together and later on use Trackspends for separating the transactions and doing hisaab (Managing group finances).

Trackspends rated as best tool for tracking expenses on go....

Here is the excerpt:

Trackspends.com: Back from a holiday you realize you have exceeded your budget. Since you were carrying some cash along, a sudden panic gripped you--did you really overspent or lost the money somewhere? But if you are registered with Trackspends.com, you won't have to go through such conflicting emotions. You would know exactly how much you spent, where and on what.

While on the trip, just an SMS on how much your dinner or the souvenir cost you would do the job for you. Once you are back, log on and find each detail sorted out.

Feed in your cellphone number on the website, which provides its own number where you can SMS. You have the option of registering more than one number. You can even update the details by logging in on the site.

To sort out your expenses, you can create categories, such as food and shopping, and can modify them as and when you need to do so.

The registration process is easy and the website is user-friendly. Also, the service comes free of cost. The process is safe and you need not divulge your personal details, such as bank account or credit card number.

Overall the experience can be termed satisfactory.

URL: http://mintmoney.livemint.com/featured/2010/06/money-life-in-mess-trust-technology/

http://mintmoney.livemint.com/featured/2010/06/money-life-in-mess-trust-technology/