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Lemon — Know where your money's going 💰 👀
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Pretty awesome, any plans on introducing custom naming for transactions? (and if so please make sure that it remembers the names!) I've tried a bunch of these apps and am currently on Prosper Daily which has been the best so far but this looks great.
Other things:
- I have to do a touch ID when I go from 1Password and back to Lemon - unsure if that could be skipped
- My phone has numbers displayed in a different language, would be nice to switch it back to english for this without changing my phone setting
- MoM comparisons and categories!
What makes Lemon unique or better than the current products in the market, besides the lack of paid referrals? I'm a long time Quicken user, would love to switch to something else.
@billhendricksjr Hey Bill. Great question. The lack of paid lead generation is indeed a big difference. It allows us to focus on building a great product and generating *unbiased* insights / advice / suggestions without worrying about trying to convince you to click on a product referral. It also allows us to produce content (and target it to you based on your profile and spending) in the same way. For example, we spent three months determining the best online checking account https://lemon.co/l/boca ... we can't do that if the highest bidder is influencing our content.
Much of what we're working on is forward looking. Summaries of last week and daily wrap ups are great (we have one), but we're also focusing on what tomorrow, next week, and next year look like for you. And it's all delivered in a style we're all used to consuming-- a reverse chron feed.
@jmsuth Thanks, Jon! We use both plaid.com and yodlee.com which are aggregators that most apps like Lemon use. We never store any of your personal credentials (bank logins). We simply pass them along once and then discard them.
I've been a user of Lemon since the early beta. This is a great product that continues to show great progress. Keep crushing it Byron.
@jamesdevonport Hey James. I agree! Our challenge is to make checking in on your finances not feel like you're "eating spinach." If all goes well in the US, I would love to add support for European countries and also translate the app + website into Spanish.
There's been a ton of underwhelming products in this space and as someone who worked in consumer finance I'm generally not that big of a fan of most PFMs. Lemon's the first one that's really impressed me and I'm excited to see how the develops it further.
@narayananh Thanks, Narayanan. I wish I could say yes and tomorrow, but it's more along the lines of eventually and hopefully it's sooner rather than later.
@narayananh @jbs have you tried the BeeWise app for the Indian accounts?(only on android)
Hey Bryon - Congrats on getting hunted!! What other sort of features do you guys have planned for Lemon?
@charleyma Hey Charley! Great to see you here. There's a lot coming up-- optimizing travel purchases, bill payments, credit scores & reports, budgeting & categorization, peer & geo comparisons, and retirement planning. We recently added a CFP to our team who is helping us create and refine all of the various messages in your feed.
We're also working on better targeting by building more a more complete model of each user. E.g. you've indicated you're getting married soon and you're interested in your first mortgage. You'd receive content, tips, and actionable messages to help you through those life moments. I think every moment in life comes back to money somehow.
A replacement for Mint sounds good but the account login form doesn't display correctly on the smaller screen of the iPhone 4s which makes the app unusable.
Hey @thelemonapp, im already using mint.com (which is kind of buggy and has lots of weird ads) it seems like Lemon is a substitute. if so why should i switch to your product (and have to spend effort relinking my accounts - i am very lazy)? is there at least one thing this does better or is it just better in a marginal sense in lots of areas? it says web and android coming soon? how soon is web coming?
@yvanscher Hey Yvan. Check out my answers to Barrett and Bill above re: Mint (which I used to love btw). Web will be ready in about a month!
@jbs i actually read both and visited your site. i still don't really have a clear picture i guess. so because of "unpaid lead generation" (whatever that is - i don't really do sales) your product is better? is what you are trying to say that your app promises to annoy me less (i understand that apps need to make money)? how much less? can you give me a metric of how much less annoying your ads/recs are? i'm looking for a reason to switch. how is your product better than the thing i use and am invested in? it definitely has a better art design... it seems like you *will* offer some forecasts? but you didn't really offer details on what you guys are going to forecast? why is your weekly summary better than mint's? i don't feel like those ideas were addressed.
i've outgrown old rickety mint so ill probably try lemon. i guess what i'm trying to communicate here is that it is my suggestion that you figure out - *in plain english* - why your product is superior. you don't have to take this advice; feel free to leave it here. the internet is full of bad advice and this might be bad. my only qualification is that i am a consumer who only speaks plain english. looking forward to giving lemon a try.
@yvanscher Yvan, I want to shout it from the mountain tops that this is great advice. Thanks for your suggestions and keep 'em coming.
Quick question: What stops certain savings/investment companies from being listed? I notice you support Venmo but not Acorns?
@alvinmilton Hey Alvin. There's just no integration yet :-/ I've been asking for a while: https://twitter.com/jbs/status/5...
@jbs same. Understood. Perhaps they don't want another app to cannibalize the data and provide a different experience... For me, I just really want to see what is going on fully within my financial landscape...
@alvinmilton same. I suspect they will give in eventually. Or the aggregators will figure out a way to scrape the data. We use two aggregators in the background to have higher fidelity, but we're still missing certain institutions.
@amyers Hi Aaron. You can sign up for the email list here: https://lemon.co/blog (right rail on desktop, bottom of the page on mobile). Android is coming in the early fall.
It's amazing how lazy and disconnected I can be from my money. Lemon's helped me watch out for things in a friendly way that I've found more actionable than Mint or other products. The mobile tips are helpful too.
@jbs any email list I can join to get notified about the Android app? This looks super cool, I definitely want to know about it :)
@sahilc0 Hi Sahil. Thanks! Yes, you can sign up for the newsletter here: https://lemon.co/blog
How does one remove specific accounts - only one of the Chase accounts I have is relevant to personal finance as others are handled by employers.
@dshan Hey Derek. You can mute accounts by touching the little yellow dot to the left of an account on the $ tab.
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