Which home finance apps connect an Apple Card

They are a small startup company. The one major downside is that they don't connect with any banks automatically. This isn't a problem for me since I'm mainly using Moneycoach to track my Apple Card purchases, cash purchases, and a few expenses, but I could see this being a problem for other people.

ahuang4 wrote:

They are a small startup company. The one major downside is that they don't connect with any banks automatically. This isn't a problem for me since I'm mainly using Moneycoach to track my Apple Card purchases, cash purchases, and a few expenses, but I could see this being a problem for other people.

Ah, no, that wouldn't work for me. I have multiple credit cards, savings, checking and investment accounts. If I can't have it all downloaded into the app automatically, I'm going to lose track and give up. But, I will keep an eye on them. Who knows what they'll add in the future.

ahuang4 wrote:

They are a small startup company. The one major downside is that they don't connect with any banks automatically. This isn't a problem for me since I'm mainly using Moneycoach to track my Apple Card purchases, cash purchases, and a few expenses, but I could see this being a problem for other people.

Ah, as an early adopter, I have lost a lot of money engaging with “small startup companies”. Light company’s L16 104 MP camera, most recently. Keezel hardware VPN (even invested in it). First Jersey Securities. Many more. And some I didn’t, like iPassword which shut down, leaving users with no access to their passwords. And an app that hid photos behind a firewall, and again shut down with no way for its users to recover their photos.

This has been blown way out of proportion by Apple rumor sites. Wall Street Journal has done several articles over the last year plus on this. Goldman has lost several billion over several years. This is to be expected when the bank has never done consumer lending before. The losses were from startup costs related to starting a credit card from scratch. They also purchased credit card business from Capital 1 (GM Rewards Card) and purchased a mortgage lender. In earlier articles, when starting their consumer division, David Solomon said they expected 4 to 6 years of losses. Do you remember? Is the current reporting being filtered or just stated with no context? These losses mean relatively little to the 7 largest US bank.

lucas053 wrote:

Actually, I would. That is part of the problem. Goldman Sachs has been losing money on this deal due to the engineering that has gone into the card and they are trying to divest. This on top of Apple trying to protect our data. So it is important for Goldman Sachs to hear this feedback as well. Or we wait for the separation and Citi or another financial institution to take over.

What does any of that have to do with GS producing an app?

****, these 3 apps are expensive! Subscription costs between $13-15 per month?! Hopefully one of the smaller apps will begin integrating this new feature. There's no way I'd go from paying nothing to $15 a month to track my budgets.

Name a decent home finance/budgeting app that’s free and still maintains confidentiality? There aren’t any.

Basic economics will tell you TANSTAAFL (There Ain’t No Such Thing As A Free Lunch). Some people want free, some want convenience/quality and others want security/privacy. Unfortunately, they are not, all three, mutually compatible.

I gave up using financial apps about 20 years ago, switching to a DIY Excel (and now Numbers) spreadsheet that has evolved into something quite sophisticated. I’ve found that I have a much better understanding of my finances, and in particular cash flow, when I have to manually enter transactions.

I’m using Numbers and Spreadsheets Crafters to get the picture I want to see on a monthly and yearly bases it works for me !

Also, I believe if someone knows how much you got they can devise a way to take it away from you! Who exactly are these people monitoring our finances?

Lawrence Finch wrote:

I gave up using financial apps about 20 years ago, switching to a DIY Excel (and now Numbers) spreadsheet that has evolved into something quite sophisticated. I’ve found that I have a much better understanding of my finances, and in particular cash flow, when I have to manually enter transactions.

My problem with that type of system is that if the balances and transactions aren't automatically downloaded, I'm not going to do it. I know myself. And I think we can say with some certainty that you're better at managing money than I am!

temptemptemptempte wrote:

Also, I believe if someone knows how much you got they can devise a way to take it away from you! Who exactly are these people monitoring our finances?

Bad people can do that even if you don't use financial/budgeting software.

ahuang4 wrote:

these 3 apps are expensive! Subscription costs between $13-15 per month?! Hopefully one of the smaller apps will begin integrating this new feature. There's no way I'd go from paying nothing to $15 a month to track my budgets.

Monarch has a special offer for people who are switching from Mint: 50% off for the first year. I think it's pretty close to perfect for my needs. It's not unlike Mint but without most of the annoyances.

I also agree with Jeff Donald.

temptemptemptempte wrote:

Also, I believe if someone knows how much you got they can devise a way to take it away from you! Who exactly are these people monitoring our finances?

And anyone who wants know how much you’ve got can find out, with or without a financial app. Thank you, Equifax.

Savannahjo7 wrote:

@Apple please 🙏 let Plaid connect to my Apple Card. PLEASE

Apple doesn't review these user-to-user forums for feedback or suggestions. You can, however, let them know your thoughts here:

Product Feedback - Apple

But I think the real issue is that you have to convince Plaid to support the Apple Card, not the other way around.