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As others have said, a spreadsheet is the simplest. If you do your banking with a credit union, chances are they make MX available to you in your online banking. A lot of banks use MX too. Their software provides the projections and forecasting you seek, as well as Open Banking connections to all of your other accounts. If you have loans, it also has burndowns of outstanding debts. Extra bonus: MX doesn’t sell your data.

Disclosure: I used to work for MX.

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lka1988@sh.itjust.works ⁨1⁩ ⁨week⁩ ago
Can you elaborate on this some more?

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- JayleneSlide@lemmy.world ⁨1⁩ ⁨week⁩ ago
  Sure thing. On which part would you like more detail?
  
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  - lka1988@sh.itjust.works ⁨1⁩ ⁨week⁩ ago
    The whole thing 😅 how do I know if my bank uses MX?
    
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    JayleneSlide@lemmy.world ⁨1⁩ ⁨week⁩ ago
    Different financial institutions (FI) will all have different appearances, because of the nature of how MX is implemented, and whether on desktop or mobile. In the case of my credit union, it’s right here: Image
    
    The interface of MX Platform on desktop looks like this: Image
    
    You might see something like this in your online banking home page: Image
    
    There are two ways that MX can get data from other accounts which you have to explicitly link in your bank/CU interface. The first method is through Open Banking protocols, which are mercifully obfuscated from the end user. Seriously, if you’re having trouble sleeping, try reading some of the Open Banking specifications. :D One selects their FI from the list, and enters creds and 2FA challenge. The other method is screen-scraping, but again this is abstracted away from the end user.
    
    One of the features where MX slaps more than anyone else (for now) is identifying the source of debits and classifying them. Underneath the hood, debit and credit card transaction strings are chaos. But even if MX gets it wrong, you can manually re-classify your expenses, and it will apply that to future transactions (optional). I already mentioned the burndowns, but if you have an idea for a saving schedule, MX will provide reminders and factor in your growth. Platform will also provide reminders for almost everything.
    
    Let me know if you have any other questions.
    
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GreyEyedGhost@lemmy.ca ⁨1⁩ ⁨week⁩ ago
I feel like you meant to reply to another comment. Were you referring to Moneymanager EX?

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- JayleneSlide@lemmy.world ⁨1⁩ ⁨week⁩ ago
  Negative all around. I was replying to OP. The company to which I referred is MX. The public-facing product (API) is actually called Platform, but it’s very explicitly white label software. Customers will generally have little to no idea that they are using MX Platform. It might actually say MX somewhere, but that can be eliminated in implementation.
  
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  - GreyEyedGhost@lemmy.ca ⁨1⁩ ⁨week⁩ ago
    Thanks for the info!
    
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