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PocketGuard VS Goodbudget

Compare PocketGuard VS Goodbudget and see what are their differences

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PocketGuard logo PocketGuard

PocketGuard categorizes and organizes your expenses, monthly bills and subscriptions into clear, beautiful tabs and graphs, so you will always be on top of your finances.

Goodbudget logo Goodbudget

A home budget app based on the envelope budget system. Available on the web, Android, and iPhone.
  • PocketGuard Landing page
    Landing page //
    2023-07-25
  • Goodbudget Landing page
    Landing page //
    2023-08-02

PocketGuard features and specs

  • User-Friendly Interface
    PocketGuard offers an intuitive and easy-to-navigate interface, making it accessible for users of all tech-savviness levels.
  • Automatic Categorization
    Transactions are automatically categorized, saving users time and helping them easily track spending habits across different categories.
  • Security and Privacy
    PocketGuard uses bank-level encryption and other security measures to protect users’ financial data, assuring privacy and security.
  • Budgeting Features
    The app helps users set up budgets and track spending to ensure they stay within their financial limits.
  • In My Pocket
    The 'In My Pocket' feature calculates how much disposable income users have after accounting for bills, goals, and necessities.

Possible disadvantages of PocketGuard

  • Limited Free Version
    The free version of PocketGuard comes with limited features, encouraging users to upgrade to the paid version for full functionality.
  • Occasional Synchronization Issues
    Some users report that the app occasionally experiences issues synchronizing with certain banks, causing delays in transaction updates.
  • Lack of Customization
    The app’s automatic categorization can sometimes misclassify expenses, and there are limited options for customizing categories.
  • Complex Transactions
    Handling complex financial situations, like investments or multi-currency accounts, can be cumbersome within the app.
  • No Bill Payment Feature
    PocketGuard does not currently offer a feature to pay bills directly through the app, which could be inconvenient for some users.

Goodbudget features and specs

  • Envelope Budgeting System
    Goodbudget uses the envelope budgeting method, which helps users allocate money for different categories and track spending easily.
  • Cross-Platform Access
    Goodbudget offers both web and mobile apps, allowing users to access their budget from various devices and keep their financial data synchronized.
  • Free Version Available
    It provides a free version with basic functionality, making it accessible for individuals who want to try out the service without any financial commitment.
  • Easy-to-Use Interface
    The interface is user-friendly, making it easy for users of all technical levels to navigate and manage their budget effectively.
  • Comprehensive Budgeting Features
    Goodbudget offers robust features like goal tracking, expense tracking, and reports that help in comprehensive financial planning.
  • Shareable Budgets
    Users can share their budgets with family members or partners, promoting transparency and collaboration in managing shared finances.

Possible disadvantages of Goodbudget

  • Manual Transaction Entry
    Goodbudget requires users to manually enter each transaction, which can be time-consuming and prone to error.
  • No Automatic Bank Sync
    Unlike some competitors, Goodbudget does not automatically sync with bank accounts, potentially making tracking finances less convenient.
  • Limited Free Version
    The free version has limitations, such as a restriction on the number of accounts and envelopes that can be used simultaneously.
  • Learning Curve for Beginners
    New users may experience a learning curve as they familiarize themselves with the envelope budgeting method and the app itself.
  • Limited Investment Tracking
    Goodbudget focuses primarily on budgeting and does not offer extensive features for tracking investments, which may be a drawback for some users.

Analysis of PocketGuard

Overall verdict

  • PocketGuard is generally well-regarded for its user-friendly interface and ability to streamline basic financial tracking. While it's not as comprehensive as some other financial software, it's considered a good choice for individuals seeking straightforward financial oversight without overwhelming features.

Why this product is good

  • PocketGuard is a personal finance app designed to help users track their spending, budgeting, and savings effectively. It connects with various bank accounts to provide an overview of remaining funds after accounting for upcoming bills and goals, promoting better financial management. The app's simplicity and automation appeal to users who prefer minimal manual entry.

Recommended for

    PocketGuard is recommended for users who want a simple and automated approach to managing their personal finances. It's particularly suitable for those who are new to budgeting or prefer a minimalist app to help stay aware of their available cash after bills and savings goals.

PocketGuard videos

+ Add

How to Budget + Manage Cash + Track finance - PocketGuard App: Personal Finance, Money Organizer

Goodbudget videos

+ Add

Review of GoodBudget App

More videos:

  • Review - How I Track my Spending | Goodbudget App Overview
  • Tutorial - How to Use the GoodBudget App - Digital Envelope System

Category Popularity

0-100% (relative to PocketGuard and Goodbudget)

PocketGuard

Goodbudget

Personal Finance
50 50%
Personal Finance
50% 50
Finance
45 45%
Finance
55% 55
Financial Planner
40 40%
Financial Planner
60% 60
Budgeting
40 40%
Budgeting
60% 60

User comments

Share your experience with using PocketGuard and Goodbudget. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare PocketGuard and Goodbudget

PocketGuard Reviews

10 Best Mint Alternatives To Manage Your Money in 2024
PocketGuard makes it easy to see where your money goes each month, helping you spend less and save more. PocketGuard has over 1 million members and has helped users achieve $900 million in savings goals.
Source: 7saturdaysfinancial.com
Quicken Alternatives: Top 5 Financial Tools for Efficient Money Management
For those seeking a less complex financial dashboard, PocketGuard offers a simplified approach to personal finance management. Available on iOS, Android, and web platforms, PocketGuard’s intuitive interface helps users gain a quick, clear overview of their financial situation. Key features include:
Source: finally.com
Top 15 Budget Apps to Make Your Personal Finance Goals Easy
With Pocketguard, you can build a customized budget based on your spending habits. One nice feature is that it lets you know when you have leftover “pocket” money after paying bills and other expenses. Pocketguard allows you to set savings goals, like paying off debt or adding money to investment accounts. You can link a goal and goal account, and Pocketguard will deduct...
Source: www.marriagekidsandmoney.com
The 8 Best Budgeting Apps of 2020
This budgeting app even has a feature to help you track each individual bill and find opportunities to save. PocketGuard looks out for recurring bills from phone, TV, and Internet companies, for example, and helps you find a better deal on your monthly service costs. Not only does it help you track your budget, it helps you lower your spending.
Source: www.thebalance.com
7 Best Budgeting Tools and Apps for Personal Finance
Can’t keep yourself from overspending? This app can help. It does what its name suggests – guards you against splurging on things you don’t need with money you don’t have. PocketGuard links your financial accounts and tracks your spending throughout the month. You can set spending limits on each category. The app will notify you when you’re close to the limit, reminding you...
Source: www.softwaresuggest.com

Goodbudget Reviews

Best Mint Alternatives to Keep Your Budget on Track
If you want a free alternative to Mint, Goodbudget uses the envelope method, with users allocating specific amounts to various categories like groceries, rent and bills. It doesn't automatically sync accounts, so you must manually add transactions.Goodbudget's paid version allows you to create an unlimited number of envelopes and store account history for up to seven years,...
Source: www.cnbc.com
10 Best Mint Alternatives To Manage Your Money in 2024
Goodbudget is a budgeting app available in the iOS and Android stores. Think of it like the paper envelope system but virtual, so you don’t have to mess with paper envelopes.
Source: 7saturdaysfinancial.com
Quicken Alternatives: Top 5 Financial Tools for Efficient Money Management
Goodbudget uses the familiar envelope budgeting system, in which users allocate their income to different envelopes representing various expenses like rent, groceries, or utilities. With a focus on simplicity, Goodbudget appeals to users who want a clear, easy-to-understand budgeting app that offers both free and paid plans. This tool is suitable for couples managing their...
Source: finally.com
11 Best Quicken Alternatives in 2021 (#1 is Free)
I’m old enough to remember the envelope method of budgeting. My mom used it. When the money in the grocery envelope ran out, we stopped going to the grocery story until payday (seriously). Today, the envelope budget is still a smart way to manage money for those living paycheck-to-paycheck. If you want a digital version of the time-tested budgeting system, give GoodBudget a...
Source: robberger.com
Top 15 Budget Apps to Make Your Personal Finance Goals Easy
Goodbudget is like other budgeting apps that utilize the envelope system. Instead of syncing up your personal accounts, users manually enter information. Yes, it’s more work, but it also keeps you fully invested in what’s going on with your money. It’s a nice middle ground between fully-automated budgeting and reverting to paper envelopes and a pencil.
Source: www.marriagekidsandmoney.com

Social recommendations and mentions

Based on our record, Goodbudget should be more popular than PocketGuard. It has been mentiond 25 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

PocketGuard mentions (3)

  • Rich Student Poor Student: Money Management Tips for College Students
    2. Control your spending. Track managing your money to identify potential leaks. Modern apps and tools make it easy, helping you spot patterns, cut back, and stay on top of your finances. Use apps like PocketGuard, Goodbudget, and Spendee. They will help you establish a healthy financial balance. Source: over 1 year ago
  • My Top 10 Apps and Books for Reaching Financial Goals in 2023
    Pocket Guard- It is a personal finance management app that helps users track their spending, create a budget, and save money. The app links to users' bank accounts and automatically categorizes their spending, allowing them to see where their money is going. Pocket Guard also offers features such as bill reminders and the ability to create customized budget categories. With its simple, user-friendly interface and... Source: over 2 years ago
  • Jumping Ship Due to YNAB price increase??
    There is also https://pocketguard.com/. Source: over 3 years ago

Goodbudget mentions (25)

View more

What are some alternatives?

When comparing PocketGuard and Goodbudget, you can also consider the following products

EveryDollar - Budgeting and expense tracking app

Mint - Free personal finance software to assist you to manage your money, financial planning, and budget planning tools. Achieve your financial goals with Mint.

BillMonk - Billmonk lets you keep track of debts between friends.

YNAB - Working hard with nothing to show for it? Use your money more efficiently and control your spending and saving with the YNAB app.

Becrux Wally - Wally is a Qt4 wallpaper changer, using multiple sources like files, folders, FTP remote folders, Flickr, Panoramio, Ipernity, Photobucket, Buzznet, Picasa, Smugmug, Google, Vladstudio and deviantART images. Now it's available in many languages!!

Quicken - Stay in control of your monthly cash flows, budgets, and expenditures. Quicken provides a navigable interface where you can organize your debit, credit, and savings, and build good habits accordingly.

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