DebtSpark.com - Measuring Financial Health

Financial health has always been a candent issue, and it is a concept which obviously occupies center stage in the aftermath of a financial crisis. As such, a tool like DebtSpark is certain to appeal to a large number of individuals. In essence, it provides anybody with a sort of snapshot that lets him assess the current state (or “health”) of his finances. This snapshot details the user’s financial income as well as his expenses and the debts he has incurred into. Users simply input personal figures, and then a calculated monthly surplus or deficit is displayed. This can be graphed over time, too.

This tool is clearly aimed at budgetary novices, as it supplies a very basic understanding of monetary health. The approach is a good one, if you ask me. The last thing people need is to swim through a mire of numbers in order to see where they stand financially. All that they want is to realize where their money goes, and do so in a simple and uncluttered way. And this tool lets them do it, right on the spot

“It's overwhelming to deal with finances and debt, and we're here to help. Getting control of your money starts with a basic understanding of cash flow: Do you make more than you owe?

This tool, simpler than a spreadsheet, gives you a personal snapshot of monetary health. Banking and budget info not required; just a desire to see ‘the big picture’.”

It is a cost effective-way of keeping your finances in order.

What information must be inputted in order for this tool to work? Are advanced features offered for the ones who want to have an ever better insight?