PocketGuard Budgeting App Review – Forbes Advisor


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PocketGuard is a budgeting app that gives users a holistic view of their spending and cash flow to help them save more money each month. This app is great for consumers who want an accurate number showing how much money they have left after spending and bills.

With over 8,100 reviews on the App Store and Google Play, PocketGuard ranks among the best budgeting apps from Forbes Advisors in 2021 and is worth considering to meet your budgeting needs.

Mobile apps like PocketGuard simplify budgeting by importing transaction data and automating your efforts. Account details and fees are correct as of September 29, 2021.

PocketGuard and your budget

PocketGuard is designed for consumers who want more control over their spending and save more money each month. To track your purchases, you link your credit and / or debit cards to the app. From there, all of your purchases will be automatically downloaded.

In the app, you can set savings goals to make sure you’re on the right financial path to achieving your goals.

If you like to use spreadsheets as part of your budgeting process, the PocketGuard Plus subscription allows you to export transactions directly to Microsoft Excel.

Additionally, when users complete their profiles, PocketGuard provides users with personalized offers on similar services with lower rates on bills such as cable and cell phone service. The app also tracks subscription services within your budget to make sure you’re not paying for something you aren’t using. These are two cool features that can help users lower their monthly bills.


Since you enter and share sensitive financial information, it is important to make sure that you are using properly secure budgeting applications.

PocketGuard is equipped with 256-bit SSL encryption, which is the same level of security that many financial institutions use on their platforms. It is also secured with biometric data and a PIN code, in case your phone falls into the wrong hands.


PocketGuard offers two different plans: the free version and a paid subscription known as PocketGuard Plus.

You can subscribe to the app and use many of its features for free. If you want features like exporting transactions, unlimited goals and categories for your budgeting, and splitting transactions into different categories, the paid version, PocketGuard Plus, may be the best solution.

When you upgrade from iOS or Android, PocketGuard Plus offers three pricing options: $ 7.99 per month, $ 79.99 per year, or $ 99.99 for a lifetime subscription. It may seem counterproductive to spend money on budgeting, but if paying for a budgeting app works for you, the investment can pay off.

Distinctive features

The main feature of PocketGuard is its pie chart reports. The pie chart provides an excellent view of your expenses, showing exactly how much each expense represents. In the pie chart, you can customize the report with categories of personal expenses.

Another notable feature is the In My Pocket tracker. PocketGuard believes in “IMP”, short for “in my pocket”. This mantra breaks down into a simple math problem representing how much you have left in your pocket. This equation is:

Estimated income – upcoming invoices – financial goals – expenses / budget = IMP

The idea behind IMP is to show how much money you have left after paying your bills and meeting your financial goals. By knowing how much you have left in your pocket, users will be able to understand their limits and reduce their expenses, if necessary.

Access and assessments

The PocketGuard app is available for iOS and Android. The app is currently rated 4.7 out of 5 stars on the App Store and 3.7 out of 5 stars on Google Play.

It is also available on the desktop.


  • Ability to link bank accounts from a wide selection of financial institutions
  • Customizable budgets to organize a precise financial picture
  • Features designed to help users reach their savings goals

The inconvenients

  • Some features are limited to paid users
  • PocketGuard website is difficult to navigate

How PocketGuard Stacks

PocketGuard is a great budgeting app because it provides easy-to-use tools to track your budgeting and savings efforts on a daily basis.

For some consumers, the free version will serve them well. However, for those who want more features, upgrading to PocketGuard Plus may be worth it. You can customize your budget by using custom labels for multiple categories, splitting up transactions with someone else, and having multiple cash accounts.

PocketGuard Plus is one of the most affordable paid budgeting apps available.

Frequently Asked Questions (FAQ)

What is the best free budgeting app?

While there are several free budgeting apps out there, none stand out from the crowd. The best free budgeting app is the one that best suits you, your preferences, and most importantly, helps you manage your budget in the most efficient way.

While PocketGuard has a free version, several budgeting apps are completely free, including Mint and Personal Capital.

Do Budgeting Apps Really Work?

A budgeting app can be a great tool to help you manage your personal finances. However, this is not the only solution. Other options include using a digital or handwritten spreadsheet or the old-fashioned envelope method.

No matter which budgeting method you choose, it takes time to build and maintain good budgeting habits. If you can master the habit of budgeting, any budgeting method can work.

Are budgeting apps safe to use?

Each budgeting application will have different security precautions in place. Whether the app uses a combination of 256-bit encryption, biometrics, or multi-factor authentication, it’s important to research how secure your data and information will be.

What are the key elements of a basic budget?

Effective budgeting is a process that begins with setting certain priorities for how you and your family spend money. Knowing how much money is coming in and how much is going out is important in order to reach the financial goals you have set for yourself.

How important are good budgeting habits?

Creating a family budget is only the first step. What really makes it work is living your budget, not just planning it. Your mindset and habits play a vital role in how your budgeting efforts serve your goals. You might find that you have financial habits that you need to improve, which the right app can help you do.


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