Category Archives for Money Saving Tips

Save money by tracking your subscriptions with TrackMySubs

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:

  • Microsoft Office 365
  • Netflix
  • Hulu
  • Spotify Premium
  • SingTel fibre and mobile
  • Personal insurance
  • Mortgage loan

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.

TrackMySub is running a lifetime deal on AppSumo for a limited time only!

$15 $288

Limited time only

Get Lifetime Access to TrackMySubs’ Entrepreneur Unlimited Plan

  • Track Unlimited subscriptions
  • Set Unlimited alerts per subscription
  • Send alerts to an Unlimited number of different people
  • Manage Unlimited payment types
  • Organize with Unlimited folders
  • 60-day money back guarantee. No matter the reason.

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 TrackMySub’s lifetime deal on AppSumo today!

$15 $288

Limited time only

Get Lifetime Access to TrackMySubs’ Entrepreneur Unlimited Plan

  • Track Unlimited subscriptions
  • Set Unlimited alerts per subscription
  • Send alerts to an Unlimited number of different people
  • Manage Unlimited payment types
  • Organize with Unlimited folders
  • 60-day money back guarantee. No matter the reason.

Simple steps to start managing your salary better

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!

positive-network-chart

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.

manage-your-salary-better-checklist-coverIf 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.

Click here to download the checklist

My interview with the creators of Seedly, your personal finance assistant

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.

Tell me about Seedly and why the company was started

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.

Can you introduce yourself and your team?

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.

seedly-team

Can you describe the idea of Seedly as if I knew nothing about it or the market?

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.

Can you tell me about your ideal user for Seedly?

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.

What problems do Seedly intend to solve?

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.

Giving Seedly access to personal banking accounts seems rather risky. What security measures have your team implemented on Seedly to prevent any unauthorized access or transactions from happening?

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:

  • We have only read-only access to user accounts and its basically for reading transactions and importing them
  • We do not store banking credentials in view of MAS rules
  • We also adopt the highest standard of asymmetric encryption when handling the import of transactions via a secure channel
  • The credentials and one-time password become invalid after the import occurs
  • Lastly, we have very little identifiable information to end users (only name and email)

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.

Can you give us some insider tips on what’s coming up next for Seedly?

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 🙂

What action do you want the reader to take after reading this interview?

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.

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