Connect your bank with PocketSmith and import your transactions automatically.
Keep track of your spending your way with categories, labels, and notes.
Track accounts from different countries and currencies at daily exchange rates.
PocketSmith was recommended by Xero as the only alternative to Xero Personal.
Create cash projections to see your daily bank balances up to 30 years into the future.
Plan your money in a calendar and see what you’re meant to have each day.
Test your decisions to see future outcomes and take uncertainty out of your planning.
Budget according to periods that are meaningful to you: daily, weekly, monthly and more.
Summarize the financial facts that matter to you, and see them in one place.
Keep track of what you own and what you owe. Add property, mortgages, loans and more.
See a report on how much you’ve earned and spent for any chosen date range.
A monthly breakdown of your historical and future financial activity.
Read how Ian understands the effect of the cost of living on his finances with PocketSmith, and the bad habits he was able to identify and cut out.
I am a father in a blended family — I have two of my own children, either in or nearing their teenage years and two stepchildren who are both adults. I am a person of fast obsessions; I cling on to something and immerse myself in it until I see the next shiny thing! So far, the pattern has been Air Jordan shoes which got too expensive and was only for me, then American low-and-slow BBQ which enabled me to entertain family and friends, then exercise because of how unhealthy I got by eating too much BBQ, then board games during covid to have great family experiences together, and now I am getting a sparkly new obsession of knives and knife sharpening.
In a way, I play the role of master of coin, while my wife plays the role of health and mindfulness. Together we are a team that looks out for elevating ourselves and our children.
The cost of living is rising, mortgage rates are rising and grocery prices are increasing, so tracking where our money has gone is becoming increasingly more difficult.
We recently refinanced to another bank and now make all of our purchases by credit card and pay off the balance monthly. There is a lot of admin to managing a credit card correctly and when you are in a partnership that shares finances, navigating through your family’s monthly expenses can be a challenge.
I had been using spreadsheets to go through my monthly expenses and pay off my credit card bill. I found it was taking me hours to categorize and I would routinely adjust the spreadsheet while struggling to balance my finances.
PocketSmith delivered a software that automated that process and removed hours of work. It was software I could trust to categorize our purchases and forecast our budgets.
A couple of months.
I started using PocketSmith to understand how the cost of living was affecting us and to look back on where our money was going. Now I have a better understanding of that and have begun using it for budgeting our yearly finances and understanding how much we can spend.
I always know where our money has gone and how much we can spend in certain areas of our everyday life.
An outcome of routinely categorizing our purchases was finding out how much we spend per month on our vices, which helped us make an informed decision to stop spending on things that do not serve a purpose for health or joy.
Take your time categorizing. Once you have a few months of categorized expenses, then begin working on budgets.
Read the Learn Center article so that your categorization works for you.
Through PocketSmith, I found that we were spending a combined amount of over $350 a month on our vices. Understanding that impact drove our decision to quit, and we are now on our way to living a healthier lifestyle.