Which home finance apps connect an Apple Card

It seems like Copilot has announced Apple Card direct implementation

[Edited by Moderator]

Yes, as have several others being discussed above, including Monarch and YNAB,

lucas053 wrote:

Thanks! I posted there too! I am posting everywhere I can. Goldman Sachs as well.

I don't think Goldman Sachs has anything to do with the decision process here. But it certainly won't hurt anything.

ahuang4 wrote:

Sad that I only got to use Mint for 2 months before they shut down 😣 I'm currently using Moneycoach to import Apple Card transactions automatically and it works, more or less.

https://youtu.be/f0CJ-Zk0Nh4?si=x3zH8tU5_woE31Cg

I've scoured the internet and only a few apps are equipped to handle importing Apple transactions automatically with the Shortcuts feature on iOS. YNAB is one of them I believe.

I ultimately went with Moneycoach because the subscription only costs $5 a month and I like the app interface. I'm good with using them for now, or until something better comes along that isn't so expensive like YNAB.

Monarch gave 50% off for a year, making it $50 for the first year. I believe that promotion may still be valid.

I also tested YNAB. To me, it was practically incomprehensible. I'm sure if I had spent more time with it, it would have all become clear and they do provide lots of tutorials. I just wasn't interested in spending that much time. Also, I didn't see any support for importing Apple Card transactions but, that might have been one of the completely non-obvious things I didn't get to. Monarch was developed by some ex-Mint folks so there are similarities.

I've never heard of MoneyCoach. I'll have to take a look at it.

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.

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.

https://www.bloomberg.com/news/newsletters/2023-12-03/apple-to-drop-goldman-sachs-for-apple-card-chase-bank-is-ideal-replacement-lppjbe7z?embedded-checkout=true

“Between the engineering spending and losses on loans, the credit card was a disaster for Goldman’s balance sheet, contributing to billions of dollars in red ink. It doesn’t take a bank as well regarded as Goldman to know that it should try to ditch a program burning that much cash.”

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?

In order for us to have an API for Apple Card, both Goldman Sachs and Apple would have to put engineering resources into their app stacks, customer facing or not. If Goldman Sachs is already not happy with the amount of engineering costs they have put into the partnership, they will be hard pressed for them to invest into their app stack/API.

lucas053 wrote:

In order for us to have an API for Apple Card, both Goldman Sachs and Apple would have to put engineering resources into their app stacks, customer facing or not. If Goldman Sachs is already not happy with the amount of engineering costs they have put into the partnership, they will be hard pressed for them to invest into their app stack/API.

I think perhaps you don't understand what I was replacing to. I replied to "You would think Goldman Sachs would start there own APP to address this situation!!" by saying I don't think that at all. That means that I think it's unlikely that GS would create an app that would resolve this issue. It seems we may actually be in agreement on this.

****, 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.

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.