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It is with a bit of sadness that both Nate and I have to announce that SavingAdvice has been sold. Nate and I have been talking to a couple of companies and a group over the past few weeks and didn't really think anything would come of it, but were made an offer we couldn't refuse. Both Nate and I feel it is several times what the site is worth and with so many other projects going on, we figure that we can use the money to spur them along.
The only regret we have is that it is being sold to a Pay Day Loan company - something that really goes against the whole saving money concept. We did have an offer from a group comprised of financial responsibility non profit organizations, but it was for a few thousand dollars less and even though it would probably of made a better fit for what we built at SavingAdvice, it came down to money for us.
The new owners have asked both Nate and I to stay on for the month to help with transition. We're not sure exactly how the new company will use the site and what changes they plan to make, but it is likely that it will focus mainly on the positive aspects of Pay Day Loans and promotion of their business.
While we still have the other sites, we had to sign a no compete contract so we're unsure what will happen to them. We'll either focus them in a new direction or sell them off - we haven't decided which yet. We should have plenty of time to make that decision. If any of you are interested in any of them, please let us know as we will be willing to part with them at a discount price considering what we received for the main site.
We'd like to thank all of you who came to make this place the truly educational site it was and we promise to drop in from time to time in the future to see what the new owners have done. As always, best of luck in all your saving.
Jeffrey & Nate
PS - To visit the site of the new owners <a href="http://www.savingadvice.com/april.php">Click Here</a>
The only regret we have is that it is being sold to a Pay Day Loan company - something that really goes against the whole saving money concept. We did have an offer from a group comprised of financial responsibility non profit organizations, but it was for a few thousand dollars less and even though it would probably of made a better fit for what we built at SavingAdvice, it came down to money for us.
The new owners have asked both Nate and I to stay on for the month to help with transition. We're not sure exactly how the new company will use the site and what changes they plan to make, but it is likely that it will focus mainly on the positive aspects of Pay Day Loans and promotion of their business.
While we still have the other sites, we had to sign a no compete contract so we're unsure what will happen to them. We'll either focus them in a new direction or sell them off - we haven't decided which yet. We should have plenty of time to make that decision. If any of you are interested in any of them, please let us know as we will be willing to part with them at a discount price considering what we received for the main site.
We'd like to thank all of you who came to make this place the truly educational site it was and we promise to drop in from time to time in the future to see what the new owners have done. As always, best of luck in all your saving.
Jeffrey & Nate
PS - To visit the site of the new owners <a href="http://www.savingadvice.com/april.php">Click Here</a>
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