Allo: The Mindful Money Practice

Name: Allo: The Mindful Money Practice
Rating: 5.0 (4 reviews)

Pay attention to your well-being, not just your numbers.

5.0•4 reviews•

198 followers

Pay attention to your well-being, not just your numbers.

5.0•4 reviews•

198 followers

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If your therapist designed a money management app, Allo is what you’d get. What makes it so unique is its holistic approach meant to soothe and reduce your anxiety, while guiding you on reflecting and improving your relationship with money.

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Free

Launch tags:Fintech•Personal Finance

Launch Team

Allo: The Mindful Money Practice

Maker

📌

👋🏽 Hey PH community, cofounder of Allo here. Meet Allo - the mindful money practice. We built Allo to help us go beyond the numbers and improve our financial well-being. What do we mean by that? Here are some of what you can expect: - A deeper awareness of the values that drive your financial decisions. - Spending and saving with more confidence and purpose. - A mindset of abundance and gratitude through your own personal definition of what’s “enough”. - Ability to navigate difficult money conversations with your partner, parents, and other loved ones. - Lasting behavior shifts to bring your finances in better alignment with your priorities. - A sense of peace from knowing nothing is amiss and you are in control. Your journey starts with the intro practice — five sessions of just 5 minutes that you can do at your own pace. Afterward, you will design your own practice at a daily, weekly, or monthly cadence, depending on your goals. Special offer for Product Hunters 🎁. We still have a waitlist, BUT the first 200 to sign-up can skip the waiting list with HUNTER invite code. And everyone else that signs up via Product Hunt today gets onboarded before everyone else. Allo currently only works in the United States, so if you’re not in the US, you are welcome to sign up https://allo.finance/ and we'll notify you when we are ready for you. We are just getting started, but in my weekly money practice on Allo I find myself becoming more intentional and grateful to spend on things that are important to me: like date nights with my wife, amazing preschool for our kids, and healthy food at the farmers market, to name a few. We would be honored to have you join Allo if you currently feel stressed out about money or simply want to be more mindful of how you are spending. Please give us feedback and reach out to say hi. Our team will be around to answer questions and note down feedback, so if you have something on your mind, please share! Many thanks, Paul

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3yr ago

@ptmw let’s gooooooo! I love your guys’ products and heart towards mindfulness and gratitude. How has Allo been helpful for you? And how have others in your life been blessed through Allo?

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3yr ago

Allo: The Mindful Money Practice

Maker

@isaacwang thanks for asking! Every month when I looked at my credit card statement, I used to feel bad as I felt like money was going away from me. Allo has helped me reframe how I think about money to be able to spend and save on the things that are important to me. For example, when I go to the farmer’s market now I’m happy to spend more money on food because it is supporting my priorities of eating healthy, supporting local business, and spending quality time with my family. It’s also helped me think through bigger decisions as I reflect on where my values and my money are (and are not) aligned. Over time, it’s helped me build (and maintain) a healthy mindset about money that is neither overly vigilant nor avoidant.

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3yr ago

@isaacwang @ptmw Love this spirit of spending money on things that matter! I feel very similar about spending on the things that are important which is relative to the person.

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3yr ago

@ptmw Any UK launch plans?

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3yr ago

@ptmw @hasan_diwan Also in the UK and would love to try this :)

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3yr ago

Great launch , Paul and Will 🚀. How is Allo different from other personal finance management products like Mint and Personal Capital ? And how are you thinking you’d monetize this product ?

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3yr ago

Allo: The Mindful Money Practice

Maker

@nkr if you have a budgeting app that works for you, that’s awesome! The reality is that the ability to make and stick to a budget defies the realities of most people's lives. Expenses fluctuate a lot every month and we are generally too optimistic about what a reasonable budget should be. This requires a tremendous amount of willpower to stick to a budget and most of us end up giving up. A lot of people that have tried using a budgeting app have failed and experienced guilt and shame. Allo’s goal is simple — to help create an awareness practice where you regularly review your cashflow and your priorities, without judgment or blame. Be aware of both where you feel grateful and also anything you want to change. Research has shown that awareness leads to behavior change, but at the core, this focus on building an awareness practice is what sets Allo apart.

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3yr ago

Allo: The Mindful Money Practice

Maker

@nkr Thanks Naroo! I'll take the second question — Although Allo is currently free as part of the Early Access Program, we do plan to charge a monthly fee for Allo so we can focus on building the best product and not advertise products you don't need. Allo helps you be more aware of the products and services that you are happy to spend money on — our goal is to be one of them!

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3yr ago

Orbiter AI

Really love what @ptmw and team are doing with Allo. I recently got married so this mindful approach to finances means so much to us right now. Where do you see the product evolving after budgeting & spending organization/management?

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3yr ago

Allo: The Mindful Money Practice

Maker

@victor_zhang1 congrats on getting married! We got lots of ideas but we would love to get your feedback on what you want :). We have a resources tab in Allo that has articles, podcasts, and books on the following topics: Spending & Saving, Investing, Values & Priorities, Abundance Mindset, Psychology & Behavior, and Money & Relationships. Our hope is to be able to integrate these resources more into the app to be able to dive deeper into all of these topics.

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3yr ago

Product Hunt

@victor_zhang1 wow congrats on getting married!

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3yr ago

Congrats on the launch! This could be a game changer. How much of these practices can be tracked against actual money movements in our accounts?

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3yr ago

Allo: The Mindful Money Practice

Maker

@joshto Great question! Allo's practices are all about helping you engage with your actual, real financial data, because we think that's where the magic is. We integrate with your bank accounts / credit cards / etc. and structure each session to help you engage with what's actually happening.

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3yr ago

Allo: The Mindful Money Practice

Maker

Hi PH! So pumped to finally be sharing Allo here. What excites me the most about building Allo is the conviction that a more fulfilling financial life is not just about making my numbers go up (although sometimes that’s important too! :-)), but also about understanding & cultivating the right mindset around money. It’s been a fun challenge learning about, taking cues from, and combining various ideas from the worlds of mindfulness, behavioral psychology, personal finance, and even a little philosophy of happiness! Equally important, Paul and I agreed early on that we wanted to make sure we are creating a responsible and principled piece of software that we are proud of. That means not selling personal data, not spamming our users with unwanted notifications, not using manipulative UX patterns to juice our metrics, and not fueling FOMO or the endless quest for more. It’s been a long and windy path here, but it still feels like day 1 :-) I’m eager to hear your feedback and excited to continue improving Allo so it can deliver on its promise. Many thanks to Paul for being the best partner I could hope for on that journey!

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3yr ago

@dubchoi soooooo excited for this

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3yr ago

Allo: The Mindful Money Practice

Maker

@nafis_jamal1 Thank you Nafis! 🙌🙌🙌

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3yr ago

Allo: The Mindful Money Practice

Maker

@nafis_jamal1 @dubchoi thank you!

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3yr ago

Alta AI

Congrats on the launch! I've really enjoyed using Allo to reflect on how my spending reflects my values and goals. How do you recommend using Allo to start conversations with family members about shared expenses and values?

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3yr ago

Allo: The Mindful Money Practice

Maker

@sonca Allo has really transformed the way that my wife and I talk about money. Allo has helped us start our conversation with gratitude. For example, when I recently saw a purchase from a toy store I thanked her for getting gifts for our kid’s friend’s birthday. In the same conversation, she told me she appreciated that I had planned date night. After we are grounded then we are able to ask each other about what our priorities are for the coming months and ask what changes we want to see in our spending and saving. There are a lot of things we want to build into the app to better support this, but we think the framework is a good starting point.

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3yr ago