Saturday, January 26, 2008
Xpenser...students could use cell phones to be fiscally responsible
I have been playing with a new site called Xpenser, which is a place where you can post your expenses and it will generate all sorts of reports for you. It is really easy to use and the best part is that it is mobile! Xpenser can couple with Jott (which I have written about in previous posts) to allow you to call in your expenses and they are posted in your Xpenser account (and automatically calculated into your total expenses). I was thinking this could be a very useful resource for students who need to learn how to be fiscally responsible by using their cell phone! Each time they purchase an item (such as lunch or a tank of gas for their car), they could call in to Jott, say Xpenser, then speak their item and the cost. Such as "lunch, two dollars and fifty cents, at Moes Grill". This way they could understand how much they are spending each month and how much they are saving. I found it takes about 5-10 minutes to show up in the Xpenser account after the phone Jott. Once in the Xpenser account students can generate all sorts of reports on their monthly expenses. This could be a great tool for a business class or just for parents who want to help their kids learn fiscal responsibility.
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