Method and system for estimating the actual cost of a product or service using financial data

摘要

Financial data associated with one or more “contributing consumers” is obtained from one or more sources. The financial data includes data associated with specific financial transactions and the specific financial transactions are tagged as sharable by the contributing consumers. The financial data, and/or specific financial transactions are categorized by the contributing consumers, and/or associated with a specific purchase of a parent product and/or service. The financial data obtained from one or more contributing consumers is then aggregated, processed, and/or categorized, according to the parent product and/or service associated with the financial data. A “user consumer” then initiates a request for financial data associated with the purchase of a specified product and/or service. The financial data obtained from one or more contributing consumers is then searched and data associated with the purchase of the specified product and/or service and any other secondary purchases, is presented to the user consumer.