Ever had $80 on Friday night, zero in your wallet Monday morning, and no idea where it went? Spenz is aiming to change that.
The Toronto-based start-up is looking to compete with financial aggregator Mint.com, but with two distinct differences. Spenz is targeted at a younger generation, and is designed primarily to help you figure out where your money went.
To that end, it offers a user-friendly app and web site that tracks your spending. Users can touch or click on different categories based on their spending patterns — like coffee or gas — and then enter in the amount they spent.
One cool feature is “You vs. Them” where Spenz will show you how spending compares to other people in your demographic.
A major difference between Spenz and its competitors is that you don’t have to enter any personal or banking information, thereby reducing security concerns.