Spending Habits Revealed by Xmas $ trak App
New York, NY (PRWEB) December 4, 2010
Consumers rely on Xmas $ trak to record their holiday purchases but they also gain a heightened awareness of how much time and money they actually spend. The iphone app captures spending by category, date, and as a percentage of annual income. Consumers see red flags when they realize, for example, holiday entertaining accounts for 10% of their annual income. Categories are presented in a pie chart to visually emphasize how money is spent.
Xmas $ trak is a digital version of the Xmas Spending Worksheet in Dissing Xmas (splash'em LLC, ISBN 978-0-615-32892-8, $ 16.95) by New York attorney and former international banker Brenda L. Barnes. The book urges consumers to get a fundamental grasp of what is feasible for holiday spending before making plans for the holidays and holiday shopping. "If you don't know what you spend you don't know where to edit," says Barnes.
Personal finance is a serious matter in 2010 and Xmas $ trak is designed to assist consumers in treating holiday spending as such. Categories include gifts, decorations, entertainment (groceries, beverages, and music), clothes (don't forget those children's pageant costumes), greetings (include postage), travel, and more. Barnes notes "it's the cumulative amount that is staggering to shoppers. They may think they are making wise choices per item and they probably are, but when all categories are totaled it can be a surprisingly large amount."
Black Friday results are in and may or may not be up or down from 2009. What is certain is that online shopping has replaced much in-store purchasing. That gets recorded in Xmas $ trak, too. Consumers also may recognize how much time they spend shopping by looking at dates of purchases. When online shopping is included they may find that they shop daily for two weeks. That is a wake-up call as well. Time and money are limited commodities. Xmas $ trak helps consumers stay aware of both.
Xmas $ trak is available for download from itunes for $ 1.99. Dissing Xmas is available in paperback at amazon/kindle and bn.com/nook.
Xmas $ trak was developed by MEA Mobile Ltd.
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