I was debating between My Finance and Monarch Money and ended up going with My Finance, mainly because it seemed more maker-driven and less corporate. I've been happy with my choice so far! Main things I'm enjoying are 1) The custom notifications I can set up to email me. I usually hate emails but these are coming in clutch for me because I'm now easily able to see all my transactions without signing onto my bank account. I've literally saved like $400 already because I've realized I was subscribed to things I forgot about. 2) The custom categories and automatic transactions are very helpful because I can now see how much I spend on groceries, travel, dance etc. I used Quickbooks self-employed for a long time and it was good for my business transactions but I couldn't categorize my personal transactions which was very annoying. My Finance can do both which is rad. 3) I like that you can add your Vanguard and other accounts to see an overview of all your assets.
My Financé
Hi @yehan_xiao ! good question.
We service the account linkages via Plaid, which generally speaking means that all My Financé can do is view your transactions. We can't take any actions against your account, and we don't store any credentials for it.
In terms of data security once we have it, we have 2 measures in place. First, we have row level security at the database level. When you start a session on the site, your database connection only has access to the data that you have put into the database. Second, we have an application code layer that further confirms that no data you are accessing belongs to another user.
Ultimately my goal is to reduce the risk as much as possible for our users, so I'm working on building a local first storage engine as well. This would enable your data to never leave your computer full stop.
I am always interested in thoughts or suggestions if there is a way I can help you out as a user. feel free to reach out :)