Theres so many expense trackers out there and theres one single thing preventing them from just taking over and solving a huge part of personal finance
The data entry. Its not feasible to take up a parttime job as a data entry clerk, not even to have such great vsiibility over your finances. What we need is the data thats generated at the POS (including and itemized reciept) to flow fully through the system and be accesibke to you so you can log it in these apps and make financial decisions with it.
I know plaid does this at the transaction level, which is a grwat start even if we dont have itemized reciepts but i wonder why that hasnt taken over? Why doesnt everyone use an expense tracker integrated with plaid?
Until the data pipeline issue is solved, these crud apps with data viz on top will never be able to follow through on their potential value
The data entry. Its not feasible to take up a parttime job as a data entry clerk, not even to have such great vsiibility over your finances. What we need is the data thats generated at the POS (including and itemized reciept) to flow fully through the system and be accesibke to you so you can log it in these apps and make financial decisions with it.
I know plaid does this at the transaction level, which is a grwat start even if we dont have itemized reciepts but i wonder why that hasnt taken over? Why doesnt everyone use an expense tracker integrated with plaid?
Until the data pipeline issue is solved, these crud apps with data viz on top will never be able to follow through on their potential value