New Site Provides a Step-one Tool for Capturing One's Financial Snapshot.

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The new Web site, http://www.debtspark.com, provides users with a simple tool to assess the current state of their finances. As a starting-off point for budgetary novices to understand their monetary health, DebtSpark provides a clear financial snapshot of income, expenses and debt. Users sign up to input personal figures for a calculated monthly surplus or deficit, which can be graphed/tracked over time.

Where does all my money go?

Our nation's current financial crisis was predicated on overspending--as a nation and as individuals. It comes as no surprise that a significant percentage of Americans lack a basic understanding of their finances: what their family is bringing home vs. what they're laying out. With lines of credit long and cash vaguely vanishing, many inquire each month, "Where does all my money go?"

DebtSpark, the Web site for "getting balanced," provides a solid starting-off point for budgetary novices. The home page, http://www.debtspark.com, displays an "easy as 1-2-3-4" capture that sparks the beginning of financial freedom. With simple fields for income, expenses and debt, users are instantaneously granted a personal snapshot of their current financial reality--as a surplus or a deficit. Users sign up to input their private information onto the secure site, taking the bottom lines from their stack of bills and pile of pay stubs to calculate net income. Month to month, inputted information is stored and a graphing tool allows users to track debt over time, considering interest rates, payments and remaining balances. A similar graph illustrates monthly budget report changes.

While more sophisticated financial tools in the marketplace help users categorize outlays and track spending down to the penny, DebtSpark offers users a basic understanding of cash flow. Simpler than a spreadsheet, the site helps users quantify monetary health, giving them an easy way to think about finances month to month and day to day. Whether users make $20,000 or $200,000 annually, this solution is a starting-off point for those who've put off gaining control over their finances. Ignorance isn't bliss when it comes to managing your money. DebtSpark can put the wheels into motion.

GroupGauge Inc. (http://www.groupgauge.com) creates and maintains user-generated Web sites to help connect people with the information they need to make informed decisions. The company focuses on higher education and personal finance, important and complex areas of people's lives that are enhanced by specific, nuanced information exchange.

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Kerri Reeves
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