Savings Tracker Mobile App

Savings tracker with real-time collaboration

Published on

October 6, 2023

30 days of post-sale support inlcuded

Overview 🔍

Mobile app with $2,600 ARR and 11, 000 active users over the past month.

Around 200 Lifetime Premium and around 75 monthly subscribers.

The target audience is people who want to save up and take control of their spending.

I wanted a better experience when it came to tracking my savings. There were a bunch of apps already that did this, but they were ugly and had a terrible UX.

It was more of a chore to actually log my savings and actively discouraged me. I decided to make a better version with a focus on UI and UX. This has massively paid off (as you can see in the reviews).

Another main feature that sets it apart from the others is real time collaboration with others which the other apps completely lack.

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✅ $2,600 in ARR
✅ 11,000 active users, 200 Lifetime and 75 monthly subscribers
✅ Business model: Mix of subscriptions and one time sales
✅ Built with Kotlin and NodeJS

Growth Opportunity 🌱

I would spend some time improving backend stability and monitoring. Also, implementing some new features that have been asked for by users. Finally, spread the word by running ads, which I haven't done before. It's all organic so far.

Business Model 💸

For most of the time since I launched it was a onetime premium fee. I added subscriptions in May 2023. So now the user can either subscribe or pay a one time fee.

Target Customer 🎯

People who want to save up and take control of their spending.

Tech Stack 🏗

Native Android (Kotlin) for the App. The backend server is written in NodeJS.

Reasons For Selling 🧐

I no longer have the time to add features or respond to support with the care that it should have. The app has been working fine in the background for months but it needs attention every now and then that I can't give it.

Expenses 💵

£8 for DigitalOcean Droplet that hosts the backend. No other recurring costs.

Asking Price Reasoning ⚖️

Subscriptions have been increasing month on month since introduction. MAU, DAU and Installs all trending up since launch. Excellent reviews and organic traffic. Low operating costs. Seller is willing to work with buyer on migration.