Quote:
Originally Posted by mlfarrell
I used your penny app, penny free before I even read your posts on this forum. But I never rated it.
I know you don't want to read this but as of a few days ago, I went ahead and purchased AceBudget. I can't tell you why, it just seemed like it had more functionality, and I'm actually sticking to it as my budgeting solution. I tried using the penny saved app and I remember some limitations preventing me from using it as a budgeter or considering the full version. So my advice to you is to really study closely why ace is so successful in this area. Its definitely not perfect but it does alot of the basic "how much did I spend in each area and how much do I have left" stuff and it for that it just seems to work.
It may be hard to recapture alot of the market that other financial apps have grabbed but you seem to have enough talent to go for it. I'll tell you one thing, if you can find a way to make the whole process more automated then you'll really do well. Maybe some bank record import scanner. I know the two biggest banks, bank of america and chase have an export option to save records in a csv or xls type format. If your app could parse that and automatically determine what goes into what category, you'd have a big edge over other apps.
best of luck
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With the bank record importer, it sounds like you're talking about mint.com (they have an iPhone app, too). It automatically pulls in your credit card, checking accounts, loans, etc. I was using apps and manually tracking everything until I found out about mint, it's so much easier to have it auto import records from my bank, and me classify them later than it is to enter everything one at a time. You can't track cash spending, is the main downside (originally I used an app to keep track of my cash spending, over time I just stopped using cash as I didn't want to have to enter in anything).
Note: I don't work for mint or have any relationship to them other than as a user (which is free), your description just sounded like what mint is already doing.
