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The Lure of Technology

October 16th, 2007 at 01:38 pm

I've been hearing about some new programs on the Internet that entirely monitor your finances for you. There's a program called "Mint" or at least there was. Does anyone know? And other such Web-apps. You enter your bank account and credit card details and these programs import transaction data automatically, supposedly giving you data about your spending habits and giving you ideas on how to save. It seems to me like this is a REALLY bad idea. It takes control away from consumers and puts it in the hands of total strangers...how will you know if something's off? I barely trust my bank with my account information.

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