Qapital is an app that helps users achieve financial goals via setting rules on themselves.
There are some fun rules that could be set. For example, round up very purchase to the nearest $2 and save the difference. Or Spend less than $30 at Fresh & Co during a single week and save the difference. Basically the cool thing is that it lets users see the money they save immediately after they follow the rules.
Its business model is similar to Digit that is to generate revenue via creating a saving account for users and keeping the money saved by users.
In addition, like Mint, it requires the online banking user name and password. The user interface is nice and simple, which is important for financial apps.
Financial management (currently)
Specific to freelancers
Specific to students
Specific to international students
I downloaded Mint two weeks ago. It was dumb at the beginning because all I could do was to provide my online banking information (username, password etc.) and see an empty transaction list.
I didn’t open the app until a week later. I saw a lot more transaction items there. But tons of them were marked uncategorized. It felt boring again because I could have seen the same thing in my online banking page.
It was not until yesterday that I found it interesting. I guess it’s because now I can see more categorized items. Not only does it provide the category info, but it also gives me an overview of my budget. I was shocked at the beginning to see the exact budgets for each category. I soon realized that the number must be generated based on my past.
It’s good to see the pattern of how i spend the money. But still, I am not motivated enough to manually categorize those items that are uncategorized. Also, items marked as “Shopping” doesn’t make sense either because it didn’t say anything about what I bought.
Overall, I think Mint is a good app. I would see myself check it at least once a week.