@ananthakumaran, can this be installed via Docker and ran in the browser like your demo[1]?
Show HN: Paisa – Open-Source Personal Finance Manager
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Re: Show HN: Paisa – Open-Source Personal Finance Manager
#72This looks great! We've been building a wealth tracker with https://markets.sh and were a bit flabbergasted when people started "abusing" our automatically syncing Yodlee connection to hook up all of their checking and credit card accounts (technically we market only for brokerages and investment accounts). We have a free and simple API and plain CSV download which in itself seems to be a real pain point for people.…
> I think we need to force all financial companies to have a modern API and OAuth available for everyone via legislation. That already exists[0] in the UK [0] https://www.openbanking.org.uk/
It's been a little while since I've looked into the Open Banking API stuff - how easy is it to use this API as a consumer? Or do I have to create a business and apply for a license in order to use it?
Re: Show HN: Paisa – Open-Source Personal Finance Manager
#73It's interesting how many tools can analyze where your money has been going, but few go deep on the planning + forecasting side. Have you thought about building out the "retirement" module more? If you need any inspiration, I've been working on a personal finance simulator [1] for the past two and a half years as a side project. Really great job with the docs on this, and I love that you include a demo environment! I…
I have seen projectionlab before and agree with you. There are few tools on the forecast side. Most of them stop at budgeting. I do have plans to make retirement page generic (aka Goals/Target), but I am yet to figure out the details.
In an ideal world, double entry accounting would be your database and there would be lot of tools that use that and focuses on a specific niche. But we are far from that and everyone wants to create their own data island.
Re: Show HN: Paisa – Open-Source Personal Finance Manager
#74Love the app, will try it for a few days. Thanks for making it. Hopefully I can contribute after trying it for a few days!
Re: Show HN: Paisa – Open-Source Personal Finance Manager
#75@ananthakumaran, can this be installed via Docker and ran in the browser like your demo[1]? [1]: https://demo.paisa.fyi/
Yes, check the installation page https://paisa.fyi/getting-started/installation/
Re: Show HN: Paisa – Open-Source Personal Finance Manager
#76What's with the thousand separator being placed on every 2 digits except for the last 3 digits? How do you even do that, unless you manually regex it? If that's the case, already looks weird on technical decisions. There's never a decent open source self finance management app somehow. It's either bloated or just doesn't look easy on the eyes for simple day to day use.
The author is from India (myself) and this is how numbers are formatted there. Locale can be configured via configuration page, so it's just a matter of changing it to `en-US` if you want thousand separator.
Boom headshot
Re: Show HN: Paisa – Open-Source Personal Finance Manager
#77Earlier quoted context omitted.
> I think we need to force all financial companies to have a modern API and OAuth available for everyone via legislation. That already exists[0] in the UK [0] https://www.openbanking.org.uk/
It's been a little while since I've looked into the Open Banking API stuff - how easy is it to use this API as a consumer? Or do I have to create a business and apply for a license in order to use it?
Open Banking is in some ways misnamed - you can't as an end-user just do OAuth and get a data feed out of your account, you'll have to go via a third party who've jumped through all the hoops.
Re: Show HN: Paisa – Open-Source Personal Finance Manager
#78Today I learned "paisa" is a subunit of the Indian rupee - here we call "paisa" to all things related to a specific region of Colombia ( https://en.wikipedia.org/wiki/Paisa_(region) )
its also a term used to refer to women with a certain "look" from medellin. my ex was an example. "paisa as an areppa" is a pretty common term there.
Tell us, what does it mean? "as an areppa" suggests flat and round...?
Re: Show HN: Paisa – Open-Source Personal Finance Manager
#79Slightly off topic but how do people use these? Depending on where/what I pay, I pay with an assortment of credit cards, bank account, debit cards, paypal, etc. Do people who use this kind of software manually enter every transaction they do every day, or something?
Not to be that guy that tries to force LLMs into everything, but after automatically importing bank transactions, LLMs like GPT are very powerful in extracting information from the ill-formed, non-standard, transaction description, and subsequently classifying it. You can help train it by manually identifying and classifying the first few, and let it do the rest of the job. I've tried it out myself and works well for…
How would LLMs really help though if all you get is usually an order number? I mean, it can probably figure out that an order from McDonalds is food related (though does it get categorized as "Everyday Lunch" or "Going out with Friends" or "Work Events"?) and Geico will probably be some sort of Insurance - but that would just be a large database of common payees, no real need for any AI. That said, if you're importing years worth of data, it would be a great starting point to get ballpark estimates of where your money goes, so that has value.
And then there's e.g., "Amazon Transaction AB2314ACWERF" which could be a new Fridge ("Household Appliances"), a 3D Printer ("Hobby Expenses"), a video game ("Entertainment Expenses"), or a giant double-headed adult massager ("Fax Machine Maintenance") - but the bank statement wouldn't have enough information.
Re: Show HN: Paisa – Open-Source Personal Finance Manager
#80How are people automating the data import? I can't imagine someone entering everything by hand. Lots of places don't even provide an export file you can work with... most of them offer a PDF.
It seems like most financial places rely on Plaid for the data integration, but that's a paid service I don't think Open-Source or free personal finance apps would use.