PocketGuard Budgeting App Review 2021: Everything Budgeters Should Know 

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Our Take: If you're not the best at tracking your bills and are looking for new ways to lower them, then PocketGuard can help get you and your finances in line. With all of your accounts in one place, it's easy to open the app and know your account balances and net worth. Along with tracking your spending, PocketGuard lets you easily pay off debt by using a solid strategy and following a simple schedule. Whether you're an overspender or just unorganized with money, PocketGuard can help. It gives you a comprehensive electronic solution to managing finances and seeing your money stretch further.
  • Security
  • Customer Support
  • Ease of Use
  • Cost
How did we calculate this?


  • Customizable reports
  • Ability to connect multiple accounts
  • Recurring bill payments available
  • Can custom-categorize transactions


  • Bank transaction syncing issues
  • Contact customer service correspondence only via email
  • Interface is difficult to navigate
  • Limited features in free version

What Is PocketGuard?

PocketGuard is a personal finance web and mobile app that prides itself on simplicity. The app allows you to easily manage your money, develop mindful spending habits and create automatic savings.

Make Your Money Work For You

PocketGuard users reach their financial goals with the app’s innovative technology. Here’s what you get:

  • Always know where your money is. PocketGuard does the math for you. You know exactly how much money you have for paying bills and buying necessities at all times.
  • Avoid overspending. View attractive pie charts to stay on top of your spending and see what’s eating too much of the pie. You can also customize your reports with hashtags and categories.
  • Get out of debt. Set up a debt payoff strategy according to your chosen schedule.
  • View all your accounts in the app. Connect your bank accounts, credit card, investments and loan accounts to PocketGuard to manage your accounts and keep track of your net worth.
  • Stay on top of your bills. Track your bills in PocketGuard. You can even negotiate with your creditors for better and lower rates on things like utilities, cell phone and cable bills.

How To Use PocketGuard and How It Works

There are two steps to using PocketGuard:

  1. Link your accounts and set up recurring payments.
    1. At a minimum, connect your checking, savings and credit card accounts to your PocketGuard budget.
    2. If you set up reminders, PocketGuard shows you where your money goes and sends you text and email reminders when credit card bills are due.
  2. Check your daily and monthly budget with PocketGuard’s In My Pocket feature.
    1. The In My Pocket algorithm calculates your income, bills, savings goals and recurring expenses.
    2. It shows you how much discretionary income you have left for the day and the month.
Make Your Money Work For You

PocketGuard Features

Here are some key features of the PocketGuard budgeting app:

Key Feature What It Does Why You Need It
In My Pocket Shows how much money you have left in your daily budget for spending after you have paid all of your scheduled bills and funded your goals Keeps check on impulse buying that can lead to overspending
Automatic Transactions Automatically pulls transactions from your linked accounts into the app Lets you view a full list of all of your linked account transactions as soon as they occur
Spending Pie Chart Automatically analyzes your spending; shows and categorizes all current month’s expenses Shows you where your money goes each month to make adjustments as needed
Goals Guides you in saving every month toward your financial goals Monthly contributions incentivize you to make smarter, more frugal financial decisions.
Unlimited Budget Categories Allows you to set spending limits and set aside enough money for daily and monthly essentials Helps you curtail overspending
Savings Finder Shows you tailored financial services that can lower your bills, help you pay off your loans, improve your credit score and more Gives you offers tailored to your personal financial needs
Make Your Money Work For You

PocketGuard Prices

PocketGuard offers a free version and a paid version — PocketGuard Plus. To create a basic account:

  1. Download the app on the web or an iOS or Android device.
  2. Enter an email address and a password.
  3. Connect your accounts.
  4. Build your budget and view what’s left in In My Pocket.

Along with the basic features, you can subscribe to PocketGuard Plus for $4.99 per month, at $34.99 per year or $99.99 for a lifetime membership account.

The PocketGuard Plus upgrade includes these additional features:

  • Split transactions into different categories
  • Set a debt payoff plan
  • Use multiple cash accounts
  • Create custom categories
  • Create multiple category and goal budgets
  • Change scheduled transaction dates
  • Extend transaction history
  • Export transaction data

Is PocketGuard Safe?

PocketGuard claims to take security seriously. Data is secured with 256-bit SSL encryption, which major banks use. The PocketGuard app needs a PIN code and uses biometrics for security if you ever lose your phone or it’s stolen.

Is PocketGuard Right for You?

PocketGuard is worth trying if you want a simple, user-friendly budgeting app to track your spending. You get a general view of your spending and overall finances. The app uses a lot of emojis and hashtags that typically appeal to millennials.

Make Your Money Work For You

If you’re looking for an app to assist with retirement planning, then you would be better off using a different app, such as Personal Capital.

PocketGuard FAQ

PocketGuard's website is loaded with information and topics of interest if you're considering getting the app or even if you're a current user. Here are some answers to some commonly asked questions about the PocketGuard budgeting app.
  • Does my bank account work with PocketGuard?
    • More than likely. PocketGuard supports more than 18,000 banks in the U.S. and Canada. Locate your financial institution in the app and enter your login credentials to link your accounts.
  • I want to get out of debt. Can PocketGuard help me?
    • Yes. PocketGuard's debt payoff plan helps you prioritize your loans and build a debt payoff strategy. Set a monthly debt payoff budget to get started.
  • Should I include my credit card payments in my regular recurring expenses?
    • No. PocketGuard tracks credit card payments as transfers that are debited from your In My Pocket feature.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

About the Author

Kathy Evans is a personal finance freelance writer and entrepreneur with a technical writing and instructional systems design background. She holds an MS in technical writing and informational design and is currently a doctoral student in instructional technology at Towson University. Through work experience in the federal government as well as commercial and nonprofit industries, she has focused her freelance writing on finance, investing and economic content with a specialization in budget coaching.  

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