The Pocketbook app is a versatile tool to help you manage your money.

Pocketbook

The Pocketbook app is a versatile tool to help you manage your money and avoid getting into financial difficulties.

Most working carers operate on a tight budget, so anything that helps keep finances on track is worth looking into.

Targeted to Australians, the Pocketbook app integrates well with all bank accounts held with major banks. It links with your chosen personal bank accounts, credit cards and home loan.

Available for Android and iPhones, the app can also be logged onto via the internet. That means you can always get easy access to your budget planner, so you can keep a check on how your spending is going in real time.

Pocketbook keeps track of your spending by categorising transactions like fuel costs, groceries, clothing, electricity, gas, water, rates, home loan repayments, travel, and so on. It also notifies you of incoming bills and if you have enough money to cover them.

If you are spending too much in one area, like entertainment, you can see it immediately, and make a timely adjustment to avoid getting into financial trouble – for example by missing a home loan repayment or electricity bill.

Another good feature is being able to set a safe spending limit that counts you down as the money in your account gets used up. You get a weekly update of your spending, income and bills so you know exactly where you stand and how much money you have left to spend for the rest of the week.

Because Pocketbook automatically scans your purchases for regularity, it can establish which transactions are bills and then help you avoid late fees by alerting you when it's time to pay them.

Pocketbook has a high level of security, using the same 2048-bit Secure Sockets Layer (SSL) encryption used by the banks. This basically sets up a secure channel between two machines over the internet.

Using Pocketbook, you can view your banking transaction history and balances, but you can’t move money between accounts or actually pay a bill. That is something you will still do by going online to your bank’s website, logging in as usual, and doing your online banking.

Pocketbook currently supports the following banks:

  • ANZ
  • Bank of Melbourne
  • Bankwest
  • BankSA
  • Bendigo Bank
  • CBA
  • Citibank
  • Commonwealth Bank
  • CUA
  • ING Direct
  • HSBC
  • ME Bank
  • NAB
  • Westpac
  • St. George
  • Suncorp
  • UBank

You can download the app from Google Play or the App store.

It is then a simple matter to add in your accounts. Your expenses, income and bills will automatically be imported into the app.