441–450 of 456 posts
Anyone who has seen how Intuit has bungled Quicken for the Mac multiple times in multiple ways for over a decade would not be surprised. I'm willing to pay for upgrades and still incredibly frustrated.
Quicken is a different company now than Intuit, as of spring 2016. FWIW, I worked at Intuit after that divestiture, and there are super smart honest people there, comparable to high ranking pals from years of Apple engineering days, but, cripplingly, some total engineering absurdities from old-timers. Basically, technical debt was vast. https://en.wikipedia.org/wiki/Quicken
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> Just going to post a great alternative To clarify, personal capital is for US residents From their support page: >Although you can access the Personal Capital application from any location, we currently only support U.S based financial institutions (currency, USD) for linking accounts. Note that for security reasons, you will need a valid U.S. phone number to sign up for Personal Capital. https://support.personalca…
"For security reasons" is laughable. They want your phone number because their "advisors" blow up your phone every month or two trying to get you to use their financial services (which I'll never do). They also like telling me in the UI that I'm "not putting enough of my money" to work or some BS, just cause I like having a little nest egg. That being said, it's a massively useful tool. I'll gladly let my Pixel spam…
Co-founder of a (yet to be launched) Mint competitor here [1]. One pattern I think we all see over and over again is when products get bought by a large company, they often lose their "soul" (and the original team). Both those things happened with Mint. Another important pattern I've seen is that products, in the long-term, morph to take the form of their revenue model. Many personal finance products are free, but ma…
This space is really difficult to crack for a few non-obvious reasons. The first is that the total TAM is less than you think; for most people, tracking their spending to manage budgets just doesn’t appeal to them. For many consumers, just seeing all of their finances is incredibly depressing. I suspect the 13mm Mint users are a large portion of the addressable market for this kind of product. So without a strong mon…
Co-founder of a (yet to be launched) Mint competitor here [1]. One pattern I think we all see over and over again is when products get bought by a large company, they often lose their "soul" (and the original team). Both those things happened with Mint. Another important pattern I've seen is that products, in the long-term, morph to take the form of their revenue model. Many personal finance products are free, but ma…
> Many personal finance products are free, but make money by selling data or trying to upsell you on something else that you don't need (like, say, a credit card you don't need or a tax product that is overpriced [2]). This is what happened with Mint. It became a "top-of-the-funnel" lead generation tool for other products. Question about MonarchMoney. Is it going to be a cloud service or a standalone old-fashion desk…
Co-founder of a (yet to be launched) Mint competitor here [1]. One pattern I think we all see over and over again is when products get bought by a large company, they often lose their "soul" (and the original team). Both those things happened with Mint. Another important pattern I've seen is that products, in the long-term, morph to take the form of their revenue model. Many personal finance products are free, but ma…
Hi there, always interested in personal finance services, but I'm having a hard time understanding from your website what sets Monarch apart from other apps? How does it differ from YNAB (of which I am a big fan), for example? At first glance YNAB has all the same features shown on your website, and the "budget with ease" screenshot in particular could have been taken right from YNAB. And what exactly does "The first…
At a high level, though, if you read the complaints in the rest of this thread you'd get a pretty good sense of what a product in this space would need to do to be successful (of course).
YNAB is great as a budgeting tool if you're willing to subscribe to their entire budgeting system, which most people aren't.
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The Mint trends let you look at net worth and income over time... what makes Personal Capital so much better for looking at net worth progress? Genuinely curious because I might switch over if there's actual differentiation.
The biggest problem I had with Mint and investment accounts was that they were flaky, and always had some type of issue connecting. Personal Capital on the other hand works flawlessly with them. Conversely Mint seems to always work with other things like credit cards, while I run into issues on PC sometimes.
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This is a super packed field. There are many budget apps out there. I was unhappy with all of them so I wrote my own. For a while I had some thoughts of pushing it and turning it into a company, but ultimately I just kept it for myself. Good luck, would love to see a budget app that is truly good.
I did the same thing. Shocked that five years later there still isn’t a great app that really wows. I think the fundamental problem is that the data is broken. Banks don’t get context from the merchants, and the devs only get ugly data from the banks. The only way this situation will improve is if we can somehow get devs better data. I kicked around ideas on how to do that for a year or so before running out of steam…
I prefer the so-called zero-based budgeting. I dislike YNAB though.