Why fuss with manually downloading and cleaning your transaction data? Pocketbook does it safely and automatically... and keeps it up to date.
Why bother with Excel formulas? You'll find 80% of transactions already smartly categorised. McDonald's is "food", the pub is "drinks".
Why waste time thinking about different ways to visualise your data? Our analyse feature have figured it out for you.
Financial planners and accountants recommend Pocketbook to their clients. We make everyone's life easier.
"Since using Pocketbook, I feel more in control of my money."
"I love that it reminds me if something is unusual, like a forgotten bill payment."
Rebecca, Web Designer & Founder GorgeousiPadCases.com
Management of individual finances is highly correlated with general happiness and wellbeing. According to the Australian Unity Wellbeing Index, Australians are increasingly happier as household income reaches $101,000 to $150,000. Individuals are also less likely to be happy where they have ongoing credit card debt. So not worrying whether there is enough money is key.
Personal Finance is the discipline to make sure you have enough to spend today and will have built enough to spend tomorrow - based on your life goals. It is the cashflow management for your personal life.
Personal Finance includes:
Common failures to personal finance start with poor assessment or goal setting. Often not enough detail is looked at when the initial assessment is made. Incomes may have been overstated and spending understated. When setting goals, unrealistic objectives or those that weren't as well thought through in terms of lifestyle needs were used as a starting point. When these things aren't accurate for your specific situation, then it's difficult to get the rest right.
Following these initial steps, keeping on track is particularly difficult because it is fundamentally hard to focus on the future. There are sales everywhere, all the time, and our goal is big and hairy, it can be daunting to think about a five-figure sum and events like retirement. Psychologically, we aren't built to stay focused on long-term goals, our reptilian brain gets easily distracted and all we want to do is gratify our short-term needs.
So it is way to easy to use a credit card, rather than save for a $5,000 holiday. This way we can worry about it later. According to ASIC, the average credit card holder in Australia has over $4,000 of credit card debt, paying close to 20% of this in interest payments to the banks.
The main objective to make sure your personal finance management is successful is to plan for any extra-ordinary circumstances at the start. Some tips to do this include:
We created Pocketbook as a tool to help make managing your personal finances ridiculously simple. We help by making assessment and ongoing tracking a breeze.
At sign-on, we take 60 seconds for you to sync your banking information, detect your regular bill payments, forecast them and categorise up to 80% of transactions. A process, which typically takes hours according to any financial planner, now takes literally minutes.
Another feature to keep you on track is our Safely Spend feature. Which automatically peels away your regular bill spending and suggests a discretionary spend which helps you focus on a weekly goal to spend to. We send you alerts to inform you as your Safely Spend limit decreases over the week. We also send you alerts to tell you when you've been charged a bank fee or are late on a bill.
Quite simply, if you want to get your personal finance in order and stick to achieving the goals you want to achieve, then Pocketbook is the personal finance tool you must have.