Minhajul (Mj)

Most fitness apps don t fail because they lack features
they fail because people stop using them.

After 2 3 weeks, motivation drops and the app becomes just another chore.

Hey everybody,

Yigit here! I am developing a personal finance app mainly based on what features I wish an app to have and it is on google play closed test now. Here is a quick summary:
The app's main value proposition is being able to keep track of your expenses 'automatically'. The rationale behind is the fact that in my country banking laws restrict individual's access to open banking apis. That is, you cannot have an API access to your bank to exchange information and keep track of your expenses unless you are corporate. According to my research, this feature is available in US and EU but only with certain restrictions in the latter.

I thought it could be sutaible time to ask the community about their needs about such an app and can guide me a long way before I commit further. Would you be so kind enough to answer below questions? Any replies are appreciated and thanks in advance.

1. Do you use personal finance app?

2. Could you please share your the most essential must-have features of the personal finance app of your choise and tell me why?

3. Under which circumstances would you give another app a try?

4. What would be the ideal price point for such a service in your perspective?

I don t mean this in a disrespectful way or anything like that, but throughout my life, I ve come across (and I m sure you have too) several products whose actual usefulness wasn t exactly impressive, but their creators still made a huge amount of money.

For me, for example, it was:

• Fidget spinners (2017). At the peak, the global market was estimated at hundreds of millions to over $1 billion.

• Metaverse land (2021) valuation could be for tens or even hundreds of thousands of dollars each, with the overall market reaching hundreds of millions during the peak hype cycle. I bought one too. :D (actually was scammed).

• Pet Rock (1975) the creator became a millionaire within a few months.