Hi – I'm working on launching a new personal money management tool to help renters buy their goal home one day. I'd love to get some feedback on the concept, and even to find some willing beta testers.
The concept is to help educate and explain what it takes to buy the home they want (how much of a deposit to target, how long it will take to get there based on current savings and monthly savings) and what can they afford today (what is current borrowing power, based on their profile what are the reasons they would(n't) be accepted for a home loan).
Once that is set, users can link their accounts (via open banking provider) to get a personalised assessment of where they are spending above peers/benchmark, and what they could do to cut back on spending to reach their goal sooner.
Would you use this?