6 Budgeting App Contract Gotchas
- Bank Credential Sharing: HIGH Apps may store bank login credentials via Plaid or similar services. Security breach could expose financial accounts
- Transaction Data Monetization: HIGH Your spending patterns sold to advertisers, credit bureaus, or research companies for targeted marketing
- Premium Feature Paywalls: MEDIUM Basic features free but useful tools (custom categories, reports, bill tracking) require $5-15/month premium
- Account Linking Limitations: MEDIUM Free tier may limit number of linked accounts. Full financial picture requires paid subscription
- Data Export Restrictions: MEDIUM Transaction history may not be exportable. Cancel and lose your financial records
- Third-Party Data Sharing: HIGH Financial data shared with "partners" for credit offers, loans, and financial product recommendations