Wesabe Launches Cutback Tool

In these tough economic times we are all facing, figuring out where we can cut back and save is important. I’ve been working on cutting out expenses (transit, cable, phone, etc.) – heck, I even switched to light Twinkies to save a buck!

Online financial management application Wesabe has launched a new feature they call the "Cutback tool".  The company explains how the service works, "The Cutback Tool looks for trends in your monthly spending, and flags recurring items on your account transaction page. Next, you’re asked if you’d like to cut back on these items, and are shown the resulting annual savings." They even include a list of phone numbers you will need to call to cancel a specific service.

They note that several of their members have already found areas where they can cutback and also noticed charges that they didn’t realize were recurring.