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Released: November 13, 2011
Pros and cons of online options for tracking your money
Source: Matt Krantz, USA TODAY
Q: I want to track my money, but keep all the data on my computer, not some company’s website. What options are there?
A: Banks and financial websites are trying to push users’ financial information into the so-called cloud. But many are fighting to keep their financial data in their control.
There’s no question the trend is to put more digital information, ranging from photos to music, on servers controlled by third parties or the “cloud.” Some companies are urging consumers to do the same with their financial information. Mint.com, owned by Intuit, was one of the first sites to consolidate financial information on a third-party’s server, not on the consumers’ hard drive. But banks and brokerages, too, increasingly see controlling consumer’s data as a way to keep them loyal.
Read Full Article: Pros and cons of online options for tracking your money
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