Live data from Hacker News

Show HN: Penny, an easy way to track your spending

pennyapp.io

21–30 of 89 posts

Re: Show HN: Penny, an easy way to track your spending

#21

"and you hereby appoint Penny as your true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for you and in your name, place and stead, in any and all capacities, to access third party internet sites, servers or documents, retrieve information, and use your accounts, passwords, and other information" Lol, no.

This. BTW, is anyone aware of a legalese parser and translator? Because I think it would be a hit.

Re: Show HN: Penny, an easy way to track your spending

#22
"Where did my money go" budgeting has never worked for me. I've been way more successful with planning ahead every $ of income as I get it and then manually tracking expenses. Budgeting had to become an actual activity for me, and not just something done automatically by a webapp. I'm a huge shill for YNAB[0]. The software is really nice but basically it's a glorified (paid) spreadsheet. My fiance and I agree that the methodology it forces you to use, though, has easily saved us thousands so far.

[0]http://youneedabudget.com - they recently upgraded to a subscription based web app but I'm still using the classic version that's a one time purchase: http://classic.youneedabudget.com

Re: Show HN: Penny, an easy way to track your spending

#23

"and you hereby appoint Penny as your true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for you and in your name, place and stead, in any and all capacities, to access third party internet sites, servers or documents, retrieve information, and use your accounts, passwords, and other information" Lol, no.

I think this might (should?) be standard phrasing for any app that accesses another company's API on your behalf...

We may not think of it this way, but this seems like correct legalese for any sort of assistant app, whether it takes your username and password, or you give it an API key.

Re: Show HN: Penny, an easy way to track your spending

#24
post #2

Are you looking to expand into the UK any time soon? I would be interested in using it.

We wish. A couple things that are stopping us: the transaction aggregator that we use (Plaid) doesn't support international banks, and the UK/EU in particular have stringent regulations on connecting to a bank account from a third party service.

Re: Show HN: Penny, an easy way to track your spending

#25

"and you hereby appoint Penny as your true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for you and in your name, place and stead, in any and all capacities, to access third party internet sites, servers or documents, retrieve information, and use your accounts, passwords, and other information" Lol, no.

This. BTW, is anyone aware of a legalese parser and translator? Because I think it would be a hit.

There is https://tldrlegal.com/, although it is manual work rather than automated.

Re: Show HN: Penny, an easy way to track your spending

#28

"Where did my money go" budgeting has never worked for me. I've been way more successful with planning ahead every $ of income as I get it and then manually tracking expenses. Budgeting had to become an actual activity for me, and not just something done automatically by a webapp. I'm a huge shill for YNAB[0]. The software is really nice but basically it's a glorified (paid) spreadsheet. My fiance and I agree that th…

I couldn't agree more - I tried mint for a while and I basically did nothing with it besides checking my transactions.

YNAB completely changed how I view my money. Now when I go to buy something, I don't just go spend. I see how much I have in that category, and if it's not enough, I either move money to it from another category, or not buy it.

It's been very helpful for me in my goal of saving more than 50% of my take home pay.

Re: Show HN: Penny, an easy way to track your spending

#29

"and you hereby appoint Penny as your true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for you and in your name, place and stead, in any and all capacities, to access third party internet sites, servers or documents, retrieve information, and use your accounts, passwords, and other information" Lol, no.

I think this might (should?) be standard phrasing for any app that accesses another company's API on your behalf... We may not think of it this way, but this seems like correct legalese for any sort of assistant app, whether it takes your username and password, or you give it an API key.

That was our understanding too.

One thing to clarify: it's just me and one other guy (imalex) working on this, although we're hoping to hire another person soon. We're not trying to screw anyone over with the privacy policy. We just don't know anything about legalese, so we relied on existing terminology.

Re: Show HN: Penny, an easy way to track your spending

#30
post #25

Earlier quoted context omitted.

This. BTW, is anyone aware of a legalese parser and translator? Because I think it would be a hit.

There is https://tldrlegal.com/ , although it is manual work rather than automated.

Yeah, that's a great service, but I think something automated would solve the scaling problem. It feels like a much easier problem to solve than general-purpose natural language processing because - my impression is that - so much legalese is stock phrases and boilerplate. Even something that would tell me what "true and lawful attorney-in-fact" would be a start! IANAL, obviously.
Post reply on HN