See my full review of Wesabe here.

My first suggestion for Wesabe is to create “training wheels”, a suggested series of tags, structured according to some higher level organization. Many users aren’t going to think far enough ahead to plan this out themselves the first time they use the service. Wesabe can prevent them from working themselves into a jam, and increase the chances they will have a positive experience with this type of guidance.

The personal finance categories I include are of the Microsoft Personal Budget Template , and could be a good starting place. Eventually it may be good to let the users themselves share their “personal finance categories” or “tag framework” so that other users can copy it if they like it.

• Housing
  • Mortgage or rent
  • Phone
  • Electricity
  • Gas
  • Water
• Transportation
  • Vehicle
  • Public Transport
  • Insurance
  • Fuel
  • Maintenance
• Insurance
• Food
• Pets
• Personal Care
  • Medical
  • Hair/Nails
  • Clothing
  • Dry Cleaning
  • Health Club
• Entertainment
  • Video/DVD
  • Movies
  • Music
  • Concerts
  • Sporting Events
• Loans
• Taxes
• Saving or Interest
• Gifts and Donations
• Legal