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I use a budget app called YNAB (You Need A Budget). It's great, but if I want to connect it to my bank account so I don't forget to add a transaction, I need to
by frosted-flakes 5y ago
I use a budget app called YNAB (You Need A Budget). It's great, but if I want to connect it to my bank account so I don't forget to add a transaction, I need to literally give my bank account number and password to Plaid, a 3rd party service that logs into my online banking portal as me in order to screen-scrape my transaction data, because my bank does not offer an API. Do you not see a problem with this? Not only is it a terrible idea from a security stand-point, but it's also super brittle and error-prone, because whenever the bank updates its website it breaks the screenscraper.
- hughrr 5y agoGah I was looking into this sort of stuff. I'm sticking to Excel and manual reconciliation like I've been doing for 20 years now. Thanks for the heads up.
- frosted-flakes 5y agoYou don't need to connect your bank account to YNAB. It works fine without it; you just need to manually enter every transaction, which you should do anyway. Linking to your bank account is just to catch mistakes and to auto-add scheduled transactions. I would never go back to budgeting in Excel. Way too tedious.