We all make regrettable decisions when it comes to spending money. With Tweetwhatyouspend, you can now share your shame with other members of the Tweetwhatyouspend community to solicit comments, suggestions and support!

Tweetwhatyouspend has just introduced “The Wall of Shame,” a new component in your Cash Journal aimed at keeping you honest about your spending. Drag entries onto The Wall of Shame component (pictured below) to highlight the entry in bulletin board-fashion in your own Cash Journal. You can also optionally share it with the TWYS community for commentary. see screencast below!

Here’s how The Wall of Shame works: You spend money on something you’re not proud of and enter it into your Cash Journal either through Twitter, or directly through Tweetwhatyouspend Once the entry is on Tweetwhatyouspend.com, drag it onto The Wall of Shame component (pictured left) If you don’t want to share the entry publicly with the TWYS community, uncheck the “share my shame publicly” checkbox before dragging the entry onto the Wall of Shame If you’ve chosen to share your shame publicly, (which is the default option) a message bubble will appear once you’ve dropped the entry on The Wall of Shame. Add comment about the entry if you so desire for the community to see Whether you choose to enter a comment or not, if you’re sharing shame publicly, your entry will appear in “The Wall.” You can make your entries on The Wall public and anonymous through changing your settings.

The Wall is a new site section of Tweetwhatyouspend which displays Wall of Shame entries posted by users on TWYS. It’s a forum for users to view and comment on Shame entries. You’ll notice a new tab navigation for The Wall at the top. Below is a screenshot of what The Wall looks like.

‘Shame’ is the first of many styles of Wall entries. In addition to sharing the bad, you’ll soon be able to share the good as well such as savings on purchases you’ve made, or times when you were able to restrain yourself from retail therapy.

We look forward to your feedback in the comments section below. Watch a two minute screencast of how it works below!

Tweetwhatyouspend has just released a developer API! The API was initially developed to support the creation of an iPhone application for TWYS, and we’re currently looking for qualified developers to help out with that initiative.

If you are a developer, check out the API documentation. If you’re in iPhone developer or know of one, get in touch by writing info (@) tweetwhatyouspend (dot) com or send a message to ‘aressidi’ on Twitter.

You can now create up to 10 custom spending categories for your Tweetwhatyouspend Cash Journal! To guide you through the process, we’ve created a brief screencast, embedded below. The screencast will show you how to add, edit, delete and sort your spending categories. We look forward to your feedback!

First of all, I’d like to thank all of you who have tried the Tweetwhatyouspend service. Hopefully you’ve found the tool to be valuable. Many of you have written in expressing your excitement about the service, and have offered suggestions for improvements. For all of you who have taken the time to write in, a special thanks to you! I hear you, and appreciate your feedback. By now I’ve responded to each of you, and I’m ready to share the pipeline of new features with all TWYS users so you know what to expect from the service in the coming weeks.

You have probably noticed that in the two weeks since Tweetwhatyouspend went live that we’ve made small improvements along the way. We’ve added a new registration and login component to the homepage, full support for international currencies, and a news section which you’re reading now. These changes, while small, were necessary to pave the way for some big things to come.

Here are the highlights of new features to come on Tweetwhatyouspend:

1. Monthly and weekly Cash Journal views - view Cash Journal entries and category spending charts by month or week

2. Create your own categories - add and edit your spending categories

3. Tags - tag entries adding another level of granularity to your cash tracking

4. Spending alarm - set a daily/weekly spending alarm and receive an SMS alert when you approach your spending limit

5. Joint accounts - link up more then one account to share entries

In addition, there will be a number of small surprises (and bug fixes) that will be regularly released. Thank you for your support and I look forward to your comments below!