8 Money Management Tool Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Money Management Tool

Here are some real life success stories of starting a money management tool:

1. ClearCheckbook Money Management ($198K/year)

Brandon, the founder of ClearCheckbook, came up with the idea for the financial management tool while he was in college and couldn't find a solution that met his needs. He started with a tiny website that he sent screenshots of to his friends, and their positive response inspired him to turn it into the first version of ClearCheckbook. Through providing great customer service and focusing on organic search traffic, ClearCheckbook has grown to generate about $18,000 per month with continued year-over-year growth.

How much they make: $198K/year
How much did it cost to start: $15
Current team size: 1

I Launched A $16.5K/Month Budgeting App [With Just $15]

ClearCheckbook is a profitable financial management and budgeting tool, attracting customers who want to manage their finances effectively, and has achieved continued growth year over year, bringing in about $18,000USD per month.

About

Brandon started ClearCheckbook Money Management almost 18 years ago

Revenue

Brandon grew the business to $16.5K/month

Costs

It cost Brandon $15 to start the business

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Read by 2,587 founders

2. Buxfer ($600K/year)

Shashank Pandit, the Founder and CEO of Buxfer, came up with the idea for the budgeting app while he was a grad student at Carnegie Mellon in Pittsburgh. He and his friends built a prototype to help students track and split expenses, which gained popularity on campus. After working at Facebook for five years, Shashank noticed that Buxfer had grown significantly and decided to turn it into a full-time job, revamping and modernizing the app. The company is now profitable with a 15-person team and aims to have a lasting impact in the budgeting app market by incorporating automated financial advice.

How much they make: $600K/year
How much did it cost to start: $50K
Current team size: 5

I Left My Job At Facebook To Go Full-Time On My Budgeting App [$600K/Year]

Bootstrapped budgeting app Buxfer, founded by Shashank Pandit, has grown organically to profitability with a 15-person team and $0 spent on marketing, targeting niche "finance power users" with strong connections to banks all over the world.

About

Shashank started Buxfer over 17 years ago

Revenue

Shashank grew the business to $50K/month

Costs

It cost Shashank $50000 to start the business

Read this case study

Read by 3,850 founders

So... can you actually make money with a money management tool?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

4. Intuit

See how the power of Intuit Giants can work for you by joining the over ~50 million people already using TurboTax, QuickBooks and Mint to power their financial prosperity.

Where they're located: Los Angeles, California, USA
Website traffic: 113M/month

5. Personal Capital

Take control of your finances with Personal Capital. Get access to insight-driven wealth management services and free online financial management tools.

Where they're located: Denver, Colorado, USA
Website traffic: 4.91M/month

So... can you actually make money with a money management tool?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. Ramsey Solutions

Ramsey, America's trusted voice on money, is a National best-selling author and radio host. Learn to budget, beat debt, & build a legacy.

Website traffic: 6.44M/month

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Starting A Money Management Tool: Everything You Need To Know

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