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Canadian savers have been asking for years for support for free online budgeting. Canada individuals can now rejoice, however, because Wesabe now offers free online budgeting! Canada banks such as RBC Royal Bank, TD Canada and ING Direct Canada are all supported by Wesabe, which is much more than can be said for Mint.com’s free online budgeting. Canada or U.S. residents can both enjoy the budgeting and expense tracking tools offered by Wesabe.

About Wesabe’s Free Online Budgeting

Canada users are able to use all of Wesabe’s features. Wesabe is one of many companies offering a simple way to track all your credit card and bank transactions and perform some simple free online budgeting. Canada-based users can sign up for Wesabe and download their bank information directly to Wesabe, where the data is organized and analyzed in an easy to read presentation. Wesabe allows you to view your spending, set goals for saving and monitor your accounts for suspicious activities.

You can upload your data in one of several ways with Wesabe:

Manual Uploads

Many banks allow you to download your transactions in a spreadsheet format. Simply download your bank transaction information and then upload it through Wesabe’s manual uploader. Wesabe will automatically parse out the information and incorporate it into your free online budgeting. Canada users can use this method for any Canadian banks that allow you to download in file formats: .ofx, .qfx, .qif or .ofc.

Firefox Uploader

Wesabe also uses a Firefox uploader that helps you integrate your free online budgeting. Canda-based users can navigate to a supported bank and activate the Firefox uploader. This will send your data to your Wesabe account.

Automated Uploader

You can also fetch your bank account data by adding an account on Wesabe. Wesabe will then fetch your data and update it in your profile whenever you log in. This uses a server-to-server connection and frees you from the need to manually upload your account.

In addition to tracking your savings and credit card accounts, you can also use Wesabe to track your investments and loans and even cash accounts. You can do so by adding these features once logged in. To update your cash account, you can set up a Twitter account with Wesabe and simply tweet your transactions.

The best feature of Wesabe is the free online budgeting. Canada Wesabe users can set up targets for their spending categories. For example, you can set up a target to spend $500 or less on shopping for one month. Your shopping transactions will be recorded and if you exceed $500, Wesabe will notify you that you’ve gone over your limit. This is a great way to gain awareness of your spending habits.

If you are looking for free online budgeting, Canada-based users should be happy to learn that Wesabe works for most Canadian institutions. Try it out today and start saving.