Buxfer.com
http://buxfer.com

Yet Another social-networking site with a personal-finance focus allows users to form groups of friends or housemates and track who owes what for utility bills, dinner tabs, day trips and other shared expenses.

Buxfer provides a centralized mechanism for groups of people to report their shared expenses and be able to track how much money they owe each other.

Good Idea to start with , well its all started by Amit Manjhi, Ashwin Bharambe and Shashank Pandit, all IIT geaduate three years ago

One More brillinat feature, the Trios has provided Yahoo as well as FaceBook Login Authentication , This will make the thinkgs easy going

Buxer is currently based in US and I suggest them to hit Indian market as well as Personal Finance is the think that indians look for

Looking for more from Amit Manjhi, Ashwin Bharambe and Shashank Pandit