PocketGuard review: Designed to help users effortlessly track their spending and save more, providing a clear picture of your financial situation.

What is PocketGuard?

PocketGuard is a budgeting app that simplifies money management by helping you track expenses, understand spending, and find savings opportunities. 

How PocketGuard Works

Its primary feature, “In My Pocket,” calculates how much money you can spend after covering bills, goals, and necessities. This makes it ideal for those seeking a straightforward way to stay on top of their finances.

Available on iOS, Android, and desktop, PocketGuard offers seamless access to your financial data wherever you go.

Key Features

• In My Pocket (IMP): Shows how much disposable income you have after bills, savings, and essentials.
• Automatic Expense Tracking: Links to your bank accounts to categorize and track transactions automatically.
• Spending Insights: Provides detailed analyses of your spending habits.
• Bill Tracking: Helps you monitor recurring expenses and avoid late payments.
• Savings Goals: Create and track savings goals to stay motivated.
• Subscription Management: Identify and manage recurring subscriptions to cut unnecessary costs.
• Custom Categories: Tailor expense categories to match your personal spending habits.

Pricing

• Costs $12.99 per month, $74.99 per year. Try it for free for 7 days.

Pros and Cons

Pros

• Easy to navigate, even for beginners.
• The “In My Pocket” feature provides instant insights into available spending money.
• Identifies recurring charges to help you save.
• Offers flexibility for personalizing your budget.
• Uses bank-level encryption to protect your financial data.

Cons

• Require a subscription.
• Focuses solely on budgeting and spending, with no tools for managing investments.
• Requires linking financial accounts, which may not appeal to privacy-conscious users.
• Lacks advanced goal-setting features compared to apps like YNAB.

Who Is PocketGuard Best For?

PocketGuard is ideal for individuals seeking a simple, automated way to track spending. It is a good app for beginners who prefer a user-friendly app with minimal setup.

How to Get Started

Getting started with PocketGuard is simple:

1. Download the App: Visit the website or download the app from the iOS App Store or Google Play.
2. Sign Up: Create an account using your email address or Apple/Google credentials.
3. Link Your Accounts: Connect your bank accounts, credit cards, and loans for automatic tracking.
4. Set Up Your Budget: Use the “In My Pocket” feature to see your available spending money.
5. Track and Adjust: Monitor your spending, identify savings opportunities, and adjust as needed.

PocketGuard Review: Simplify Your Budgeting

PocketGuard is a legitimate app and not a scam. In researching PocketGuard reviews online, we found that the app receives high ratings on Trustpilot and a 4.6 rating in the App Store. Users report the app is highly underrated and one of the best budgeting tools they’ve used.

In our PocketGuard review: It’s a fantastic choice for anyone looking to simplify their budgeting. Its “In My Pocket” feature, combined with automated expense tracking and subscription management, makes it a practical tool for everyday financial management.  Keep in mind that the app is not ideal for users looking for detailed financial planning or investment tracking.

Taking these consideration, the app has made it to our Best Budgeting Tools of the Year.

PocketGuard Alternatives 

Consider these alternatives:

1. Simplifi: A user-friendly app with spending insights and customizable budgeting. Get Simplifi.
2. YNAB: Focuses on zero-based budgeting approach.
3. Empower: Offering robust wealth management tools alongside free budgeting features. GetEmpower.
4. Goodbudget: Envelope-based budgeting with a free plan and premium options.