Confession is good for the soul. And it can be good for your pocketbook, too, if you do some good hard thinking about things.
That’s where Spendster comes in. Visitors can stop by Spendster and confess their spending sins. What have you wasted your money on? What kind of debt have you racked up? What do you wish you’d never bought?
Spendster, which is the brainchild of the National Endowment for Financial Education, gives you an outlet to admit past personal finance messes, and will help you figure out a way to clear out the clutter and improve your bottom line.
Spendster’s goal is to create awareness of the actual costs of all the needless purchases we all make. They want to help educate people on ways to eliminate unnecessary spending so they can improve their situations.
If nothing else, it is an eye opener. I love the calculator on Spendster that tells you how much money you would have if you’d invested in Google Stock instead of buying DVDs (or whatever). It definitely makes you rethink those impulse buys.
I also found their main site, Smart About Money, to be worth visiting. Smart About Money has some great articles that will put you on the path to better financial decisions.