savings

A new iPhone application Toshl has been recently launched to help consumers better manage their finances. The new app poses as an expense tracker with a twist, letting you enter your expenses into your iPhone and view, analyze, and export your spending data on your home computer.

Purchases are organized according to tags created by a user instead of predefined categories which makes it more flexible for most purposes. A typical expense is added very easily: a consumer just needs to enter the price, tap his/her existing tag and press Save.

MoneyGram has added the Savings Bank of the Russian Federation (Sberbank) to its remittances network. Now Sberbank, the oldest and largest bank in Russia as well as Eastern Europe, will be MoneyGram’s largest agent in the region. Initially, the bank will provide MoneyGram services in over 7,000 locations across the country.

A personal finance website HelloWallet which claims to help people reach their financial goals announced the addition of new options. The two new features dubbed To-Do-Calendar and Visualize Savings are meant to help the users to better track their long-term savings and receive proactive, personalized financial advice.

The To-Do Calendar automatically schedules personalized financial tips that help its members improve their financial health.

Citi and AT&T have partnered for a new card offering to allow customers earn a $50 bonus savings credit on a new AT&T Universal Savings and Rewards Card between June 29, 2010 and August 15, 2010. Consumers who open a new AT&T Universal Savings and Rewards Card will receive a $50 bonus savings credit when they spend $50 or more within the first three months of becoming a cardholder.

A Wells Fargo & Company concluded the quarterly survey which showed that nearly one in four homeowners (24 %) do not have any savings to cover their living expenses should they lose their income. At the same time, anxiety over job stability continued growing (from 21 % to 29 % indicating jobs as their top concern).