Personal budgeting web app with multi-currency support and bank syncing
Lunch Money monetized through recurring subscriptions. At launch, the product was offered at $3 per month or $29 per year, and its monthly price was later raised from $3 to $5, then $6, and finally $8. The company later moved from an annual plan at $100 per year to a pay-what-you-want model starting at $40 in February 2023.
“our annual pricing plan to a pay-what-you-want model starting at $40 in February 2023. Our previous pricing model at $100 per year shuts people out who could really benefit from Lunch Money”
“At launch, the product was offered at $3/month or $29/year.… My pricing basically went from $3/month to $5/month to $6/month and finally $8/month.”
“You just started working on this app last year. You're already up to around $800 a month in monthly recurring revenue.”