👋 Hi, a few weeks ago I launched monse.app and these are the reasons.
I used to live from day to day, every month I spent all my income, I had no savings, and I didn't invest my money.
If there was an emergency, an unexpected expense came up, or I wanted to leave on vacation, I had a hard time. That month I had to control everything I did, stop eating out, stop hanging out and cut back on every expense. It was necessary to be able to deal with an emergency or whim.
When I decided to control my money, I tried all the apps on the market and none of them worked for me.
In some I had to enter, by hand, every expense I made. In others, I had to make a budget for each category and plan how I was going to spend my money in the coming months.
I want to save, I want to control my expenses (and all my wealth actually) without having to spend hours every week and that's why I created monse.
With monse I have automatically categorized every expense I make, and I know how I spend every dollar. Plus, I can track my savings account, my mutual funds, my stocks, and cryptos in one place.
I don't have to be budgeting, I don't have to be adding expenses or updating the value of my portfolio by hand, it's all automatically. This allows me to just worry about making the right money decisions.
Great Idea Victor! I'm going to follow you as to see your future updates and maybe, who knows even build something together one day!
What is the process of developing something that connects to someone's bank?
I've always thought one would have to have a lot of funding and documents to be able to offer that to people.
Nah, make an account on Plaid, is pretty easy.
oh, interesting. I'm not a developer, but I was just wondering that for a while. I guess that might also depend on different countries. So developers in which Plaid doesn't work might have to find a different way.
I think banks (Chase/BOA) in US does categorize your expenses for you.
Yes, there are some banks that can categorize transactions for you but, not all of them and even less, by gathering several banks, cryptos, or stocks in one place.