Community-Based Budgeting App for Families

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Community-Based Budgeting App for Families

Inspired by a conversation on:

Modern Craftsman

Modern Craftsman

377 Do You Need to Make More or Need Less?

Host: Nick Schiffer, Tyler Grace

Timestamp: 10:57 - 11:27

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Direct Quote

"You can make more, you can spend less. It’s as simple as business can get."

Market Gap

Families struggle to budget effectively amid rising living costs.

As the cost of living increases, families face the dual challenge of managing their expenses while also trying to save for future needs. Many families lack a structured approach to budgeting, leading to overspending and financial stress. Current budgeting apps often fail to provide a community aspect where users can share tips, resources, and experiences. This disconnect can make it harder for families to find motivation and accountability in their budgeting efforts. Without a tool that encourages collaboration and shared learning, families may continue to struggle with financial management.

Summary

The proposed business idea is a community-based budgeting app specifically designed for families. This app would allow users to set budget goals, track expenses, and share tips and resources with one another. By incorporating a community aspect, families can encourage each other, share success stories, and provide accountability in meeting their financial goals. The app would also feature educational content on financial literacy, helping families to improve their budgeting skills. This approach not only addresses the need for effective budgeting tools but also fosters a supportive environment where families can learn from each other.

Categorization

Business Model
SaaS
Target Founder
Technical
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$2,500 - $5,000 MRR
Moderate (Most Likely)
$8,000 - $12,000 MRR
Optimistic
$20,000 - $30,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
7/10
Market Potential
8/10
Evidence
7/10
Overall
7/10
Found on September 28, 2025 • Analyzed on September 28, 2023 2:45 PM

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How should I validate this saas idea before building it?

2:34 PM

Great question! For a saas idea like this, I'd recommend starting with these validation steps:

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