In no way is this review budgeting app review sponsored. This review is a genuine account of my own experience using Pocketbook.

This week I have been trialing a budgeting app called Pocketbook. Reviewing it’s budget organizational features to compile a thorough review of everything it has to offer. 

Budgeting apps are not a new idea, since the app store first opened there have been apps that claim to make budgeting easier than ever. However most fall short of that promise, not Pocketbook. Pocketbook has proved to be a great tool for budgeting, tracking spendings as well as making sense of our personal finances that can occasionally get confusing.

Pocketbook is Australia’s #1 personal finance app with over 800,000 daily users. The app is completely FREE to use.

budgeting app display

The app automatically pulls information from your bank accounts, credit cards and other financial institutions to give you a single, unified view of your finances. 

Replacing all of your banking apps with just the 1. Incorporating other data that the banks don’t, considered key in knowing your financial behaviour and net financial worth.

Pocketbook is super simple to use; It automatically categorizes spending; detects your future bill commitments and recommends a budget for you.

You can use Pocketbook on iOS, Android or a web browser from a PC. 

Banks supported 

Pocket book supports a growing list of financial institutions in Australia

  • 28 Degrees
  • AMEX
  • ANZ
  • Commonwealth Bank
  • National Australia Bank
  • Westpac
  • Bank of Melbourne
  • Bank of Queensland
  • BankSA
  • Bankwest
  • Bendigo Bank
  • Beyond Bank
  • CUA
  • CitiBank
  • IMB Bank
  • ING Direct
  • Macquarie Bank (Transaction accounts, Savings accounts, Credit cards )
  • ME Bank
  • St George
  • Suncorp
  • Teachers Mutual Bank
  • UBank

Covering all of the major and a lot of the minor banks in Australia is pretty impressive on it’s own merit. Pocketbook promises to increase this list by extending its reach to more banks in the future. 

Functionality

Once you’ve set up the app and synced your bank accounts to it you can begin to decipher the influx of information it has just presented you. At first I felt a little overwhelmed by how much the app actually had done. 

It showed me every transaction I had made recently (which I can also get on my internet banking app) but the thing that took me by surprise was how it automatically categorized every one of them. Transactions that I usually see and dismiss because I can’t figure out what it is where already figured out for me. 

The spending tracker automatically updates everytime you make a transaction. Since it is already linked to your bank account there is no need to write down your spendings anymore. 

The only exception to this would be if you make a transaction in cash, which you can also add to your budget in the app.

Once you’ve seen a breakdown of your spending, you can then use the app to set yourself a monthly allowance for each type of spend, be it food, leisure, travel or bills. You can also let Pocketbook send you notifications when you’re getting too close to your monthly limits, and reminders when you have upcoming bills.

Appearance

The apps display itself is very aesthetically pleasing. In other words, it’s easy on the eyes. It doesn’t bombard you with overly technical graphs and statistics. Just easy to understand, organized figures for you to examine.

budgeting app display set up

Cons

Pocketbook does not create reports or support exporting figures to an excel spreadsheet. But for the everyday millennial probably using the app, they won’t be wanting to examine their bills on excel anyway.

It does not export to PDF, meaning you cannot get a print out of your budget or transactions.

Overview

Before deciding to use this app as a one stop budgeting tool the user should consider carefully reading through Pocketbook’s privacy policy. Some may have an issue with how information may be disclosed.

The app overall for my use and needs is fantastic. Finally, a free app that actually does what it says without ‘premium’ features to get full function. Being the start of a New Year I will be using it for the next couple months to see how it holds up and provide this review with an updated opinion in a couple months. for more information check out Pocketbooks website

budgeting app review 4 stars

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