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Show HN: HoneyMoney – 100% more Bees than any other personal finance software

honeymoney.io

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Re: Show HN: HoneyMoney – 100% more Bees than any other personal finance software

#51

Post by quaffapint »

toasterlovin wrote: post #38
josefresco wrote: post #34

I use Mint but generally, am not trilled with it. 1. I have a hard time managing my bank account AND my main credit card. Mint seems to think me paying off my credit card bill is another expense, however Mint already tracked the CC charges so basically Mint thinks I run a massive loss every month (yes I've tried fixing this, multiple times) 2. Other than reviewing your newest transactions, and the occasional useful b…

Check out You Need A Budget.

YNAB is great except when tracking existing credit card debt and new debt. I found it a real pain to figure out what my monthly payments should be. It's doable, I just found it not straight forward at all. That and trying to figure out what a 'month' is - different payments coming in at different times for purchases from different times, I kept finding myself trying to override and do manual catch ups. I finally just stopped using it.

Re: Show HN: HoneyMoney – 100% more Bees than any other personal finance software

#52

Post by pwenzel »

I have tried so many apps to get my financial shit together, but I always end up returning to my Google Spreadsheet-based system. One worksheet for each pay period. No tracking of transactions. Just columns for who's owed what and how much I'll have left after everyone is paid.

Things aren't always perfect, but I have a groove and that's what matters.

Re: Show HN: HoneyMoney – 100% more Bees than any other personal finance software

#53

Post by doughj3 »

josefresco wrote: post #34

I use Mint but generally, am not trilled with it. 1. I have a hard time managing my bank account AND my main credit card. Mint seems to think me paying off my credit card bill is another expense, however Mint already tracked the CC charges so basically Mint thinks I run a massive loss every month (yes I've tried fixing this, multiple times) 2. Other than reviewing your newest transactions, and the occasional useful b…

> 1. I have a hard time managing my bank account AND my main credit card. Mint seems to think me paying off my credit card bill is another expense, however Mint already tracked the CC charges so basically Mint thinks I run a massive loss every month (yes I've tried fixing this, multiple times)

Paying the credit card bill of $X from your bank account should be offset by the crediting of $X to your credit card.

Spend $100 on your credit card, Pay $100 to your credit card from bank, Credit card has +$100 credit

The only net spending here is the original $100. The line item of the $100 coming from your bank should not be counted as additional expense, since it should be offset by the line item credit on the credit card.

Fwiw, Mint seems to handle this fine for me.

Re: Show HN: HoneyMoney – 100% more Bees than any other personal finance software

#54

Post by josefresco »

doughj3 wrote: post #53
josefresco wrote: post #34

I use Mint but generally, am not trilled with it. 1. I have a hard time managing my bank account AND my main credit card. Mint seems to think me paying off my credit card bill is another expense, however Mint already tracked the CC charges so basically Mint thinks I run a massive loss every month (yes I've tried fixing this, multiple times) 2. Other than reviewing your newest transactions, and the occasional useful b…

> 1. I have a hard time managing my bank account AND my main credit card. Mint seems to think me paying off my credit card bill is another expense, however Mint already tracked the CC charges so basically Mint thinks I run a massive loss every month (yes I've tried fixing this, multiple times) Paying the credit card bill of $X from your bank account should be offset by the crediting of $X to your credit card. Spend $…

I hear you, I'm sure it's solvable, yet I have spent at least a few sessions attempting to figure this out and Mint continues to tell me I'm "in the red" by several thousand dollars every month (when in fact I am not)

I'm not seeing the "credit" applied to my card, just the expenses. I thought that Mint was supposed to "ignore" CC bill payments - however something just still isn't right and it makes Mint almost completely useless to me.

Re: Show HN: HoneyMoney – 100% more Bees than any other personal finance software

#55

Post by hfourm »

chvid wrote: post #16

This is great copy writing / presentation. The non slick design comes across as being personal, cheerful and nerdy. I think it works very well for what you are trying to sell.

This is what I came to find. It was so refreshing to see some charming imperfections that make the design so much more personal, feeling old school while still maintaining a modern flow to the page.

Re: Show HN: HoneyMoney – 100% more Bees than any other personal finance software

#56

Post by notheguyouthink »

huhtenberg wrote: post #8

Not to nitpick: > 100% more Bees than any other personal finance software 100% over a zero is still a zero.

I recently had to implement "percentage differences while also supporting 0". Took a while to explain that, while we can come up with solutions to support that desired feature, it's mostly arbitrary and not based in math lol.

Re: Show HN: HoneyMoney – 100% more Bees than any other personal finance software

#57

Post by craftyguy »

mcintyre1994 wrote: post #41
mgkimsal wrote: post #32

Earlier quoted context omitted.

there's lots of transactions people have happen automatically - rent, utilities, etc.

In YNAB at least, all of those can be scheduled as recurring and you only have to mark them cleared when they've happened.

Utilities costs are almost always variable, so it would still require manually entering them in.

Re: Show HN: HoneyMoney – 100% more Bees than any other personal finance software

#58

Post by nojvek »

TrickyRick wrote: post #43
reacharavindh wrote: post #26

As nice as the tool and the insights it provides, the pain point is manually entering all the transactions. It is 2018, and we still dont have a easy way of exporting our transactions from the bank in a standard way. Every bank wants to use their own way of exporting it. I was seriously considering using Plaid API[1] to build an app that would download my transactions automatically, categorise it, and prompt me to on…

In Europe the PSD2 regulations are just about to come into effect which means that all banks will have to provide a public API. You can also use an aggregation service like Tink ( https://business.tink.se )

I really like Europe. Why is a cluster of countries functioning better than a single country?

Re: Show HN: HoneyMoney – 100% more Bees than any other personal finance software

#59

Post by jldugger »

sridca wrote: post #45
reacharavindh wrote: post #26

As nice as the tool and the insights it provides, the pain point is manually entering all the transactions. It is 2018, and we still dont have a easy way of exporting our transactions from the bank in a standard way. Every bank wants to use their own way of exporting it. I was seriously considering using Plaid API[1] to build an app that would download my transactions automatically, categorise it, and prompt me to on…

Why not simply download the CSV of your bank statements on a monthly basis and process it however you wish? Just need a monthly habit for this to be working.

Personally, I use OFX, but that's just the beginning. For investment accounts, you need price and lot info, for loan repayments you need interest / principal splits, and for w2 income I have the gross pay split into a couple dozen accounts -- state and local taxes, various insurances, and retirement investments. Most of this stuff you can't even get from online banking APIs.

Re: Show HN: HoneyMoney – 100% more Bees than any other personal finance software

#60

Post by freeone3000 »

sridca wrote: post #45
reacharavindh wrote: post #26

As nice as the tool and the insights it provides, the pain point is manually entering all the transactions. It is 2018, and we still dont have a easy way of exporting our transactions from the bank in a standard way. Every bank wants to use their own way of exporting it. I was seriously considering using Plaid API[1] to build an app that would download my transactions automatically, categorise it, and prompt me to on…

Why not simply download the CSV of your bank statements on a monthly basis and process it however you wish? Just need a monthly habit for this to be working.

Because my bank doesn't offer CSV export.
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