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I think the future is that banks/bank apps will do the budgeting stuff themselves. Most bank apps will now break down your monthly spending by categories. My ba
by SilverRed 5y ago
I think the future is that banks/bank apps will do the budgeting stuff themselves. Most bank apps will now break down your monthly spending by categories. My bank app shows me my weekly and monthly spend compared to previous periods, how much I spent in each category, how much I spent at each business, how much I have spent this month so far compared to the same time last month and etc.
- toomuchtodo 5y agoStartups prove the model, and then legacy enterprises adopt.
- frosted-flakes 5y agoMy bank does that too, and has done so for many years now. It's close to useless though, because I have no control over it. YNAB isn't just historical trends, it's a budgeting program.
- function_seven 5y agoI hope not. I have accounts at more than one bank, and need to have the data centralized for it to be useful. Having a standard and open API across banks, brokerages, and credit providers would be killer.
- andylynch 5y agoUk banks are doing this now. You can use open banking to show all your (uk) accounts in one place