More crucially, no web site! App-only services like this infuriate me. For something as crucial as the state of my money I absolutely want to use my laptop from time to time. Start with a (responsive) web site, then add apps as necessary. This service does nothing that requires an app.
The entire product is built by two people. I certainly see your point about wanting a web-version, but if their initial expertise was in native iOS development, then making the experience great on mobile is a fine place to start. I haven't had any issues using it on my phone in the past 6 months or so
https://www.wellsfargo.com/online-banking/my-money-map/ I know BoA definitely does, and that seems like Wells Fargo's implementation. Someone else in the thread mentioned AmEx/USAA/PNC does it, but I can't seem to quickly find it via Google. I haven't used Chase, but I assume they also categorize their expenses. I guess I was assuming they do it since they all categorize expenses, it doesn't seem much of a leap to sh…
Yes, these institutions show your money map from their OWN institution, but not from any other institution, which is where the value lies.
Bank of America has functionality to add external accounts.
I’ve looked at a lot of budgeting apps. In order of priority, I want: 1. Don’t be evil (aka don’t be intuit) 2. Web based with some sane security (2fa, encryption at rest, etc) 3. The ability to sync transactions from my bank. 4. Budgeting/reporting. 5. Some sort of sane forecasting. You’ve got N months of data from a customer, why can’t you tell them in 6 months this account is expected to have $x in it? 6. Sane API…
I'm the founder of Buxfer ( https://www.buxfer.com ) Forecasting is one of the strongest aspects of our product. We also provide alerts ahead of time if we can predict your account balance will fall below zero (or whatever threshold you configure). Forecasting can also be used to preview your expenses/income/cashflow for the upcoming months / years. We do have an API, but I admit it's not the best around. Other than…
What do y'all use for aggregation? CashEdge, Plaid, something else entirely?
The killer feature I am waiting for is any site or app with automatic transaction importing from my bank without requiring me to input my online banking password and thus being one data breach away from someone having full access to all my accounts (sms-based 2FA notwithstanding) This is a solved problem in tech (OAuth, I think) so clearly there are perverse financial incentives (ie. my bank doesn't want to make it e…
There are ways. I'm working on one right now! It's not easy and go to market will take a looong time so I'm keeping my day job but I believe it's a problem worth solving.
> It's not easy and go to market will take a looong time so I'm keeping my day job but I believe it's a problem worth solving.
Is your solution technical, or do you also have a solution for the fact that it's a service banks have no incentive to offer? (And incentives not to)
"Love the fact that it is a paid app, so my data will not be monetized as a revenue model." They say no ads. They don't say they won't sell your data.
Under the heading: "Private and safe, like it should be." "Copilot protects your information with bank-level security and has read-only access from your financial institutions. We treat your personal data like we’d want ours to be treated, which means never selling or sharing it with third parties. Ever." Source: https://copilot.money
Thanks for the correction. This wasn't clear from their homepage.
I'm the founder of Buxfer ( https://www.buxfer.com ) Forecasting is one of the strongest aspects of our product. We also provide alerts ahead of time if we can predict your account balance will fall below zero (or whatever threshold you configure). Forecasting can also be used to preview your expenses/income/cashflow for the upcoming months / years. We do have an API, but I admit it's not the best around. Other than…
What do y'all use for aggregation? CashEdge, Plaid, something else entirely?
We were doing it in-house for a while, but switched to Yodlee and SaltEdge for the past 2 years or so.
My impression of Intuit's acquisition of Mint was always that it was done precisely so that it wouldn't grow and become a major player in personal finance. That what they were really purchasing was the Mint userbase in an attempt to cross sell them on paid products. And so they have kept Mint around with the absolute bare minimum of effort for the sales funnel through to revenue generating products
I have this same impression, but I also use Mint to organize my finances. I'm a big fan of how I can categorize expenditures and export them as CSV's or charts, which I can then send to my accountant for an easy tax season. Without this (so far) free tool - as I have not paid for anything Intuit related minus likely my personal data - my annual U.S. taxes would be a massive pain in the rear end, being that I'm self-e…
I use Wave, free accounting tool that has ledger and account-driven structure (i.e., you set, say a "Software" account, perhaps with a sub account of "subscription" etc.) I was able to use it to setup the exact structure I needed to categorize expenses/revenue to correspond to my Schedule C every year. Connects to credit cards and bank accounts to capture all of those transactions too. It's been extremely useful for me, though I'm not sure how long that will continue: They were purchased by H&R Block this past year.
I have a mint account. Have not used it in three years. It kept failing to sync to my accounts and I got sick of correcting it all the time. It ended up being a huge burden compared to the value added.