I do this already in excel.
Show HN: I made a simulator for personal finance
141–150 of 266 posts
Re: Show HN: I made a simulator for personal finance
#142Really great v1 -- nice job. Ignore the haters.
Re: Show HN: I made a simulator for personal finance
#143Love the idea, enjoyed the interface, but I feel my time was wasted when I only found out the US focus several clicks into the flow. Speaking as someone not from the US, I do wish more websites didn't just assume that all their traffic was coming from the US. You could alleviate this by having a flag on the home page saying "This is really more for Americans only".
As a former American expat, I felt this deeply. A lot of the online financial analysis tools, like Mint, looked cool. But since they had a US focus and I was not in the US I couldn't take advantage of any of them. And once GDPR came into effect I was effectively locked out of any of them.
Re: Show HN: I made a simulator for personal finance
#144Looks interesting, but based on the privacy policy terms of data usage, transferability, and so forth, I can't in good faith test with real financial data: https://projectifi.io/privacy-policy.html Everytime I see a tool that shouldn't need to be hosted remotely as a service and could reasonably be deployed to the client where they have more control over their data (not as a service), it's a non-starter for me. I get…
The terms are warning sign. Specially the section "Transfer of Your Personal Data" as well as "Disclosure of Your Personal Data", which states that > If the Company is involved in an asset sale, Your Personal Data may be transferred. The Personal Data is the asset. This is like saying: If we want to sell your financial data, we will do so.
Blanket permission to share your information with third parties for advertising too
> We may share Your personal information in the following situations:
> With business partners: We may share Your information with Our business partners to offer You certain products, services or promotions.
Re: Show HN: I made a simulator for personal finance
#145I had to create a small simulator[0] a few months ago to figure out my personal finances for my first job and to figure out how early I could move out without acquiring debt. I wanted to compare different options so I could weigh the impact of my decisions on how much money I could save.
I like the idea of plans but they feel a bit bulky to use and you can't compare them. If you could directly compare plans against each other I think I would find it more useful. Also making them faster to create could be nice. I can change all the defaults in the actual view so why force me to go through the pages?
I do like the stacked breakdown of each plan and the behind the scenes calculation of taxes, investing and inflation.
[0]: https://gist.github.com/Rafael09ED/61568afa8a2308b53917915ee...
Re: Show HN: I made a simulator for personal finance
#146Earlier quoted context omitted.
I guess I should also add that with the current web version, you can opt out of sending telemetry data via cookie preferences, and with the Premium version you choose whether or not you want your data persisted or not. (there is also a button to remove all your data at a later date if desired). Perhaps something else that might be helpful to add is an import/export button so you can save and load data locally(?)
> I guess I should also add that with the current web version, you can opt out of sending telemetry data via cookie preferences, and with the Premium version you choose whether or not you want your data persisted or not. Rather than ameliorate concerns about privacy, this intensifies them. This is the approach I would expect from a megacorporation hellbent on mining my private data to death while pointing to the by-s…
Oops, it seems my attempt to add clarity on the current implementation only added more confusion. Sorry about that. Let me try to break down the status quo in more detail.
1. User arrives on the site, no google analytics activated unless user accepts cookie settings (which includes option to accept some types and not others).
2. User onboards and creates a plan for free, experiments with app -- no plan data or results are transmitted. Everything done client-side in JavaScript and goes away on page refresh.
3. User decides to upgrade to premium. If they do, the app asks if they would like to enable persistent data. If they enable this feature, only then is plan data saved.
Re: Show HN: I made a simulator for personal finance
#147Does this model consider the disparities in costs, rates, and growth potential as dictated by race? I say this not to be divisive but because revelations about such disparities over the past few years are a real and substantial concern, such that spending, borrowing, employment, and other such decisions might be altered to account for these realities.
https://www.nytimes.com/2020/08/25/realestate/blacks-minorit...
https://www.cnbc.com/2020/08/19/lenders-deny-mortgages-for-b...
https://www.shrm.org/resourcesandtools/hr-topics/compensatio...
Re: Show HN: I made a simulator for personal finance
#148So I have a Google Sheet that basically does this and I tested this out and got some similar numbers as my sheet, so some things seem to be working well! This is also a great UI! I was pretty impressed with the depth of detail as well, and one thing this seems to have better tooling for than my manual sheet is for tax treatment and long term tracking there Two bugs/issues I found: 1. I couldn't tell if inflation was…
Agree the tax calculations are a little bit off. Also, only lets you take the individual standard deduction (12k vs 24k for married filing jointly)
Re: Show HN: I made a simulator for personal finance
#149Just as a heads-up, this privacy policy is not legal in the EU because it doesn't fulfill even the primary requirements (say what you process, for what purpose, stored for how long), but also this huge template (28 minutes estimated reading time) is not helpful to anyone -- it's just an enumeration of every possible method of data tracking -- so I'm not sure why you would even use this when it's not legal anyway. It's more helpful for users to just write a short, custom notice with a bit of required boilerplate at the bottom (e.g. 'you have the right to complain go your local authority' needs to be in each of them), then it's both informative and legal.
Edit: somehow ctrl+f privacy gave me 0 hits (maybe I started typing before the page loaded fully? Not sure, but I did look), just noticed when actually starting to read the comments that something similar is also the top comment, sorry for being (at least partially) redundant.
Re: Show HN: I made a simulator for personal finance
#150Looks interesting, but based on the privacy policy terms of data usage, transferability, and so forth, I can't in good faith test with real financial data: https://projectifi.io/privacy-policy.html Everytime I see a tool that shouldn't need to be hosted remotely as a service and could reasonably be deployed to the client where they have more control over their data (not as a service), it's a non-starter for me. I get…
Agreed. Giving up my financials to a site is unacceptable. I rather use Excel sheet with fancy graphs myself.