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[ROAST ME] Smart insights about your finances
Hey guys,
A friend is building a personal finance app called Roney, and he's looking for feedback on first impressions on the MVP (link below).
The tool is meant to be a "smart" financial advisor. Most of tools out there are budgeting apps, helping you track your money, but don't provide you with actionable ideas on how to improve your finances.
Would love to get your thoughts on (1) the value prop, and (2) your initial reaction to the tool.
FYI: you can test the tool without linking your financial account (the plaid connection doesn't work at the moment anyway).
https://api.roney.app/insights-start
A friend is building a personal finance app called Roney, and he's looking for feedback on first impressions on the MVP (link below).
The tool is meant to be a "smart" financial advisor. Most of tools out there are budgeting apps, helping you track your money, but don't provide you with actionable ideas on how to improve your finances.
Would love to get your thoughts on (1) the value prop, and (2) your initial reaction to the tool.
FYI: you can test the tool without linking your financial account (the plaid connection doesn't work at the moment anyway).
https://api.roney.app/insights-start
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I'm currently looking for a tool to replace Personal Capital / Empower Personal Wealth as its known these days. However I think this one misses the mark and at the moment I don't think I'd use it. Initial thoughts:
- Landing page and app use inconsistent fonts (I think there are 3-4 different fonts of different sizes being used)
- The fonts that are used don't scream "trustworthy personal finance app" to me. I've never seen those fonts used on any other webpage before and they look off. Just use something normal like Open Sans and only use one font.
- Too many popups and too much text on the screen, the design feels busy and confusing. Everything is the same color so the elements kind of blend together and my eyes don't know where to look. Colored CTAs and buttons are going to be useful. Example of a UI that needs to be simplified and is currently way too full of text to the point where I have no idea what's going on: imgur.com/gnOzAqG
- Small errors like not adding a space after each list element makes the app appear unprofessional as well. Example: "Food and Drink,Restaurants,Fast Food" should be "Food and Drink, Restaurants, Fast Food" -- and why is this "Description"? This should be "Categories" and you should render those using pill icons instead of a giant list.
In terms of the value prop, it's not clear to me why I would use this over Copilot, Monarch Money, or just keep using Personal Capital (they have problems linking accounts which is why I'm looking to move, but otherwise the tool is good enough and it's free). There are AI features on a few of these similar to what you're offering wrt auto generated suggestions/predictions. There are also open source personal finance tools that can be self-hosted and I'm likely going to do that instead of adding a monthly subscription to my expenses. I only check my net worth and expenses once per month, so no sense in paying for an entire month of service when I only use 1 day/month.
Hey Ben! thanks for the detailed feedback -- appreciate you taking the time. A few questions if you don't mind:
1- What are the open source tools that you're looking into?
2- Besides connectivity issues and price -- are there any features you are looking for but are not present in any of the apps you've tried?
2- To your point on checking your expenses and net worth only once a month, is there anything specific you're looking for when reviewing your stats? Is it simply about keeping tabs on the number and making sure your expenses remain stable? Or are you doing deeper analysis and looking for actionable stuff that you'll implement in the next month?
Sure:
1. Ghostfolio, rotki, etc
2. I want to be able to see my expenses and categorize them, and keep tabs on my net worth. I like comparing my investment performance to the SP500 as well. Pretty basic stuff. I think all the other apps available today support my use case and I suspect most other consumers are similar/don’t have too many advanced prediction needs.
3. Mostly just keeping tabs. If I see a recurring expense that has eaten up too much money I’ll go and cancel that expense if it’s not providing value. Some money management software will send you notifications when it notices a new recurring expense which is nice.
amazing, thank you so much 🙏