Bonfire Journey
The First Financial App That Grows With You
165 followers
The First Financial App That Grows With You
165 followers
Visualize your unique finance roadmap with Bonfire. Get a personalized retirement plan, financial health metrics, and budget & net worth predictions. With this in-pocket advisor and financial educator, managing money will be simple at any life stage!
Bonfire Journey
Hey :) We’re so excited to be launching Bonfire!
We've listened closely to your feedback on meeting your financial needs, and packed it neatly into an app. We don't believe in a one-size-fits-all model, so we wanted to make a product that adapts to your unique life stage and goals. We also strongly believe that the key to financial success is to look ahead and focus on big-picture financial planning since the past can't be changed! Your bank already provides tools to analyse your past expenses, so you don't need an app for that. But with our unique approach, you'll have a personalized financial roadmap and the power to make a real change!
If you want an app to input your every expense like a spreadsheet, Bonfire might not be for you. However, if you want:
An in-pocket advisor
A personalized retirement plan
Financial health metrics
Budget and net worth predictions
A financial educator
Then that's exactly what we do!
But most importantly, we answer your important questions such as: How much do I need to retire? Can I afford my dream home? Should I cut back on eating out? Can I go on vacation every year? Will I reach FIRE (Financial Independence, Retire Early)? Should I aim for a higher-paying job? When should I start saving for my kids' college?
Most people don’t have a clear picture of their financial future and would really benefit from accessible and personalized planning without hiring a financial advisor.
We're growing the app feature by feature based on your support, so let's discuss your needs! Check it out and let us know what you think! ✨
@olibonfire a cool tool. are you guys active on socials?
upvoted. good luck with the launch!
Bonfire Journey
@taniabell Hi! Thank you so much for your support, it's very appreciated :) We're currently semi-active on social media, we've been trying to build in public and find innovators, so we're targeting more community and group discussions rather than just posting.
Bonfire Journey
@masump Well said and thank you for your support!! I genuinely hope it can help you and others with planning your future :)
@olibonfire cool. and how is it going?
Bonfire Journey
@olibonfire @taniabell Hi! I'm in charge of the marketing, I can answer the question better. I have had some success with Reddit communities but it's very very time consuming, as well as strict guidelines. I'm starting to look into more concentrated forums, Facebook groups and finance Youtubers. Still exploring for now, but hopefully it works better!
minimalist phone: creating folders
How does this app take into account international differences in the financial sector? Because probably I cannot apply the US metrics to my European country when it comes to e.g. retirement plans as the environment is quite different (laws, taxes and so on.).
Bonfire Journey
@busmark_w_nika That's an excellent question! We specifically designed the app not to be based on taxes, laws or currencies as they are different everywhere. It follows a "money in, money out" system. After inputting your net incomes, expenses, assets and liabilities as well as setting your metrics (age, life expectancy, inflation rate, return on assets rate, etc.), it simply calculates how much money you'll need to retire (keeping your same standard of living), and at what age that will be possible. Basically we use how fast you're able to save and how much you spend to determine how much money you'll need to cover all your expenses. So you can set your own income and expenses according to your tax rates, government benefits, etc. I hope this clears it up, but if you have more questions don't hesitate!
minimalist phone: creating folders
Good to know. Thank you for making it more clear to me. :)
Retirement planning is something everyone deals with. It’s really interesting that this topic has been addressed. Thanks for sharing this product.
Bonfire Journey
@kay_arkain thank you for your feedback! Have you had any struggles with retirement planning?
Financial education is so important. Big go for your tool helping people understand and manage their finances!
Is this designed for US residents, or is it currency agnostic?
Bonfire Journey
@can_akgun Thank you so much for your feedback! I agree, financial education is really important and should be taught in schools. But for the time being, we can still teach people and make a difference! Good question about the currency, it is agnostic for now but it is in our plan to add options in the future :)
Bonfire Journey
@spatecon Hi Ilia! Thank you for asking, we currently use manual entry which means you don't need to worry about bank compatibility. We are looking to implement the choice of bank connection in the future, we'd start with Canada, US, then expand globally. However you can still use its "offline mode" no matter where you're from :)
Wow, I had mine in my custom google sheets. Having a app doing that and so much more (in a pretty UI) makes me so happy.
Congrats on this guys
Ping me when the android is ready :D
Bonfire Journey
@deffro hey! Thank you so much for your feedback, it's very appreciated :) I used to use Google Sheets too but it was honestly a pain, that's partially why I made Bonfire. I can't go back to spreadsheets after this hahaha! Also I also your second comment about being notified for the Android version. If you're still interested I can add you to the waitlist!
This is exactly what I’ve been looking for! The focus on big-picture planning and answering important financial questions is spot-on. Excited to see how this evolves—keep up the great work! 🌟