In the last 2 years, businesses have been transitioning their products and services from a ‘pay once and use forever’ business model into a subscription-based business model.
For me, I’m using subscription-based services for almost everything in my daily life.
Here’s a some of the subscriptions I’m paying on each month:
All of them are paid automatically with my credit card, which is great because I don’t want to spend time making regular payments all the time.
The downside of this is that I tend to lose track of all the subscriptions that I’ve signed up for and ended up paying for subscriptions that I don’t really use. Like Netflix that I signed up to watch Marvel’s Defenders, and ended up paying for a few more months after I finished watching the show, just because I didn’t keep track of my subscriptions.
Then I discovered TrackMySubs, a tool that lets users track all their subscriptions.
Get Lifetime Access to TrackMySubs’ Entrepreneur Unlimited Plan
Forgetting about a subscription sucks because you’re paying money for something you’re not using. (And maybe you would be using it if you remembered you were subscribed to it in the first place!)
Here’s how my account is set up to monitor all my subscriptions.
TrackMySubs employs a powerful automated alert system that makes sure you never forget another subscription. I was pleased to know that you can set multiple alerts at custom times and set reminders for team members (or as I like to call them, family members).
You can also add notes to each alert so that you and your family members understand what it is you’re paying for and anything else you might need to know.
To use a monthly subscription to track monthly subscriptions may sound oxymoron and it’s hard for me to pull the trigger on getting it.
However, TrackMySubs is running a special lifetime offer on AppSumo where you can pay a small price of $15 for lifetime access to their Entrepreneur Unlimited Plan (usually costs $96 per year). I’ve pulled the trigger and have already bought this deal so I’m sharing it with you today.
There’s also nothing to lose with AppSumo’s 60-day money back guarantee because you can always request for a refund if you don’t like it. No questions asked.
Keep track of all your subscriptions today!
Get Lifetime Access to TrackMySubs’ Entrepreneur Unlimited Plan
I started my journey 2 years ago with a simple goal of improving my financial lifestyle and the aim of retiring by the age of 50. I can’t say the journey was easy as I had to make many lifestyle changes and be wiser about how I spend my money.
In some cases, it can be as simple as choosing to leave home 15 minutes earlier to take the train instead of hopping on a taxi in a mad rush to work. Others, it’s a matter of convincing my friends to have dinner in a food court before a movie instead of a fancy restaurant.
Fast forward to 2017, I’m proud to share that I managed to turn a negative net worth of -$109,258.09 in 2014 to a positive net worth of $12,681.38 in 2016. Woohoo!
To be honest, it doesn’t take rocket science to reach where I am today. What it does require, is hard work, patience and faith that the future you will thank you for what you are doing today.
|If you are interested to start your retirement planning journey today, I’ve created a simple 3-step checklist that you can use to change the way you are managing your money today.|
Last week I wrote about a new personal finance app called Seedly that I’ve started using to track my expenses. It’s one of a kind in Singapore in the sense that it is able to extract transaction information from your bank accounts in the 5 major banks in Singapore and allocate them into expense and income categories.
The process is a bit tedious as I need to manually log in to my bank account using Seedly each time I do a download, it’s a small price to pay considering I no longer have to manually enter my expenses each time I use my credit card or pay for something online. To me, that’s Seedly’s main differentiation between popular personal finance software like YNAB.
After posting my article, a reader also questioned how good Seedly’s security is, given the fact that I am passing sensitive information like login details to my bank account through the app. I thought it’s a good idea to field this question to the team at Seedly and hear what they have to say.
I sent a quick email to the team at Seedly to request for an interview and I’m surprised that Kenneth Lou, Co-founder of Seedly got back to me within the hour agreeing to the interview. I guess that’s the difference between engaging a start-up and a multinational company. We agreed to do an email interview due to our busy work schedules.
It started from my co-founder’s CTO Tee Ming personal pain with budgeting having lived in US for a year and living as a student-working adult. He subsequently built the first version of Seedly on web, and won a hackathon for it. When I met him in the US and after that heading back to Singapore, we started to raise a first round of funding for Seedly and started in our last semester here at NUS 🙂 We found that such a product could potentially have a huge appeal here, together with a mix of fintech movement coming from MAS side.
Especially, we felt that there are tons of financial products and advice out there, but we never really know what is relevant for us, and it often takes alot of time to research. So we decided how we can short-circuit the process with a personal finance assistant role.
We are a team of 5 now comprising of 2 software engineers and 1 UIUX and 1 growth and 1 biz development. A small team now but we feel strongly about the product and idea, as at the end of the day, we are building this for people just like us 🙂 Solving our own problems as we negotiate adult-hood heading towards understanding how can we best deal with our own personal finances.
Your everyday personal finance app that helps you save time and spend smarter. View all your accounts in one place by importing bank transactions, and generate insights from our Seedly platform* coming soon.
Fresh graduate, planning to get married or just married, planning for a house, with basic debt like student loan, or home loan to pay for. He or she is looking to get a basic view of their finances but do not want to open up excel sheets or use complicated financial modelling tools for their own basic finances.
As described above. too much information and products, too little relevance to me… (as a user) Helping users make the right financial decisions from expenses, savings and in the future, investments.
We totally understand the concerns and I believe rightfully so. On our end we take security as top priority being users ourselves and understanding that financial data is highly private.
Here are some of the security steps we adopt:
There is a full list here to highlight them.
Again, we fully understand and are also working with the banks to work around a deeper integration for real-time transactions and etc.
Something along the lines of giving useful recommendations potentially.. 🙂 something that is smarter and not just any other manual-tracking apps (there are honestly too many of them out there *laugh*)
Tee Ming, and I are both really bent on creating a CAR not a faster-HORSE, as it goes back to the saying of how FORD Motor Company started 🙂
Try out Seedly, and let us know what you are really thinking… what are pressing concerns that you have from day-to-day. Oh yes, and share this with any of your friends who may be interested as well in something really basic.
A big thanks to Kenneth for taking the time to do this interview. I know you’re super busy and running a start-up does mean that you need to do everything yourself.
This is my first interview article and I’d love to hear your comments on how I can improve. At the same time, if you have any question for Kenneth, please feel free to leave them in the comment box below.