There are two main reasons that we do not allow users to link to their outside accounts:

  1. Security
  2. Active Budgeting
First and foremost, security is a priority for us. Many companies that link to your other accounts store your login information. They use a technique known as 'screen scraping'. This is an automated program that uses your login information to log in to one of your accounts online. Next, the program will 'scrape' the data it sees and report it back to you in the app. Many financial institutions consider giving your login information to a third party a breach of liability, and you may be liable for any losses if your information is compromised.

Second, at Save 1st, we believe that the number one way to gain control of your finances is through Active rather than Passive budgeting. With active budgeting, you are aware of how much you spend, how often you spend, and how much you have left to spend. Passive budgeting involves just spending money as you wish, occasionally checking your spending, and not putting much thought into how to meet your savings goals. This behavior increases the likelihood of spending over your budget.

Let's take this example:

Active: John goes to the grocery to buy food for the week. Prior to checking out, he looks in Save 1st and sees how much he was left to spend on groceries for the month. After scanning all of his items and seeing that he is still within budget, he swipes his card and takes a few seconds to enter in his amount spent into Save 1st. He then goes on his way, feeling good that he knows he doesn't have to worry about his finances.

Passive: Bill goes to the grocery to buy food for the week. After scanning all of his items, he swipes his card and goes on his way. A few days later, he decides to open up his budgeting app that links his accounts, so he can check on his budgeting status. He is confused when he sees that he has overspent on groceries. How could this happen?

The difference: In the first example, John is actively trying to follow a budget to keep control of his finances. He always knows how much he has left to spend, he is aware when he spends money, and he truly wants to meet his monthly savings goal. Bill on the other hand, does not have control of his finances, they have control of him. He thinks that he is in control because he has a budget setup and sees how much he spends. Yet, every month, he fails to meet his savings goal. Some months he even uses his credit card to spend more money than he has.
As explained in the previous question, at Save 1st, we focus on taking an active budgeting approach. We want you to be in control of your finances, and not let them be in control of you. Additionally, Save 1st is built on the philosophy of saving first, spending second. Many people will spend their money and save whatever amount is left at the end of each month. We want our users to focus on setting a savings goal, then allocating their remaining income across different categories to be spent. By following this philosophy, you are able to save the amount that you want, rather than have your spending dictate how much you save.
We have considered creating an Android application if we receive the demand for one.
We believe that having a mobile application is much more valuable to users as it drastically reduces the time it takes users to keep up on actively managing their finances. In the future, we may create a web-friendly version of Save 1st for those who want to view their finances on a larger screen or export their spending to do their own further analysis.
For any support related question(s), please feel free to email us at support@save1st.com.
For general questions, comments or feedback, please feel free to email us at feedback@save1st.com.