NetworthIQ Blog

Wondering what “it” is? I have the UI mock-ups in hand from Todd for our next release, and I’m getting closer to completing the code. I’m thrilled about it because it was one of those ideas on the drawing board two years ago when we started this thing and it’s finally coming to life. You’ve maybe heard me talk about working to improve the conversations about money on the site and starting to tap that collective financial intelligence of the NetworthIQ community.

We all have wisdom gleaned from our many money decisions, be it mistakes we made or wise choices. The new tips feature is our attempt at letting users share that advice and then letting the community vote on and discuss it. After thinking through a few different ways to do it, we decided on doing something that looks similar to Digg. It’s a proven model for finding the best and most important bits of content and I think it will serve well.

So, wish me a productive weekend and next time I post, hopefully it will be to announce the release.

By the way, there is one issue that I’d love some input on. Please take our poll:

NPR has a story on debt bloggers this morning, just a few days after the New York Times ran a similar story.

While there was no mention of NetworthIQ, I will get over it, maybe, I really liked the story and how it discusses the “therapy” aspect and the accountability of posting your numbers publicly. It’s a good summation of our original vision to help motivate people to improve their finances by letting them track, share, and compare.

I spent most of the weekend painting, so unfortunately missed this until today:

Debtors Search for Discipline via Blogs (via)

The New York times has an article on money bloggers, specifically focused on those tracking their climb out of debt. Congratulations to the NetworthIQ users featured:

• Tricia from Blogging Away Debt (NetworthIQ profile)
• Stephanie from Poorer Than You (NetworthIQ profile)

Originally, I thought the comparison feature of NetworthIQ would be the most interesting to people, but I’m finding more and more that the tracking angle, and especially tracking publicly, is a big draw to the site. It seems to give people a nice psychological lift when that chart is heading upwards.

I just did my taxes last night, and was pleasantly surprised with the result. I can rest a little easier knowing that our credit cards will be cleaned up with a good chunk leftover for putting in the rainy day fund and buying things for baby #2. This year I won’t be so generous in loaning the government my money.

But, that’s me, what about you? And maybe more interestingly, what are the best uses of a tax refund? Well, Adam and I put together a fun little site to let you vote and help find the best use of a tax refund:

Best use of Income Tax Refunds

Get over there and vote!