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So, when you log into the Bank of America website, you want to be greeted every time with things like the following? "Dude, maybe you should sell this car that

So, when you log into the Bank of America website, you want to be greeted every time with things like the following? "Dude, maybe you should sell this car that you're paying $450 per month for and get a $7000 used car." "Did you know that between starbucks and happy hour you spend an average of $120 per week, and that amounts to 10% of your take-home pay?" "You currently spend $2500 per month on rent. If you downsize from 2 bedrooms to 1, you can save $X over the next 3 years."

SmirkingRevenge 8y ago
Haha. Well, that would be marginally better than being greeted by: Looks like you don't any savings. How about a new line of credit or a personal loan? The interest rates are microscopic! (Literally, the rates are printed in microscopic text. Speaking of which... How about taking out a personal loan, to cover the cost of a shiny new microscope? Click here to get started!)
nunez 8y ago
Banks actually do offer this service, though it's not front-and-center as you joked. Simple Bank was built around this premise. Chase Bank has an Insights feature that tells you how you're spending your money and offers recommendations.
deleted 8y ago
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anigbrowl 8y ago
An automated fiduciary would be a huge boon, the robotic equivalent of a piggy bank. But it should be client side; it's role is to screen you from from being exploited by those who you do business with, including your bank.
- pixl97 8y ago
  >But it should be client side This too will be co-opted by the greedy who look to profit in the short term, even if just to profit in the app. The boom bust cycle just shows up too many times in history not to be caused by a failure in the human psyche.
demarq 8y ago
I would absolutely love this!!!
scarejunba 8y ago
Trim App is meant to be something like this but so far it on,y does something about recurring subs, I think.

SmirkingRevenge 8y ago

Haha. Well, that would be marginally better than being greeted by: Looks like you don't any savings. How about a new line of credit or a personal loan? The interest rates are microscopic! (Literally, the rates are printed in microscopic text. Speaking of which... How about taking out a personal loan, to cover the cost of a shiny new microscope? Click here to get started!)

nunez 8y ago

Banks actually do offer this service, though it's not front-and-center as you joked. Simple Bank was built around this premise. Chase Bank has an Insights feature that tells you how you're spending your money and offers recommendations.

deleted 8y ago

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anigbrowl 8y ago

An automated fiduciary would be a huge boon, the robotic equivalent of a piggy bank. But it should be client side; it's role is to screen you from from being exploited by those who you do business with, including your bank.

pixl97 8y ago
>But it should be client side This too will be co-opted by the greedy who look to profit in the short term, even if just to profit in the app. The boom bust cycle just shows up too many times in history not to be caused by a failure in the human psyche.

demarq 8y ago

I would absolutely love this!!!

scarejunba 8y ago

Trim App is meant to be something like this but so far it on,y does something about recurring subs, I think.