Pocketbook is Australia’s answer to Mint

Managing personal finances is a break out competitive space and there’s a new service on the block. Pocketbook is a way that you can track where your money goes,...

Pocketbook

Managing personal finances is a break out competitive space and there’s a new service on the block. Pocketbook is a way that you can track where your money goes, while skipping on the elaborate task of categorising transactions. Once you connect Pocketbook to your bank account (scary at first), it then digests your account transactions and automatically categorises them where possible.

You can always modify categories if Pocketbook got things wrong, or nominate items as bills and choose their frequency to refine the data. So once you have a nice picture of your financial position, what can you do with this data?

Below you’ll see a great break down (pie chart style) or which areas you’re hard earned dollars were spent on. As you spend money at Coles, it’s automatically allocated to groceries, as your monthly phone bill gets paid to Telstra, it’s placed under Utilities. Take a plane trip with Qantas, that’s straight into travel or buy something from Apple and it’s slotted into Tech.

So with the hard work done and a pretty visualisation, probably the best use for Pocketbook comes from its ability to highlight potential areas you can save. Those pesky $2-$2.50 ATM fees for example. Individually it doesn’t seem like much, but having them totalled for the month may be $30-$40 you could be saving.

Pocketbook

After Mint.com launched for the US a couple of years ago, Australians have been searching for a local solution. Australian financial providers Commonwealth Bank, Westpac, ANZ, NAB and St George are all supported. It’s open to early testers at the moment, but the good news is we have some invites to give away – leave a comment and watch your inbox.

Pocketbook is the future of financial management, leveraging technology to save you money. Now we just need mobile apps for each platform to manage your money on the go.

More info @ https://www.getpocketbook.com/

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Creator of techAU.com.au (formerly techAU.tv) - the technology website provides a way to share the best content with an audience of millions each year. Also an app developer for Win8 and WP8 and Founder & CEO of Constructiv.co - Changing the way products are developed.
45 Comments on this post.

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  • Nathan
    15 November 2012 at 6:35 pm

    Sounds interesting. I’d like to try it out :-)

  • Chris Fullelove
    15 November 2012 at 6:42 pm

    I’d love an invite! Currently using anz money manager a bit…

  • Adrian Cantrill
    15 November 2012 at 6:48 pm

    Nice find. About time this side of the pond got something good.

  • Murray Francis
    15 November 2012 at 6:59 pm

    Long time user of ANZ Money Manager, which I find extremely useful – will be interesting to see what this offers over and above that.

  • Alan Isherwood
    15 November 2012 at 7:08 pm

    an invite could be cool…

  • Grant Davis
    15 November 2012 at 7:31 pm

    How is the support for the smaller institutions (eg DefenceBank)? I’d really like to give this a try!

  • Peter Scott
    15 November 2012 at 7:35 pm

    I had the same thought. I’m my case Teachers Mutual Bank. Would like an invite though to give it a try.

  • Bosco Tan
    15 November 2012 at 7:41 pm

    Hi Guys, We’re currently working towards the next tier of institutions. In the meantime, you can upload Quicken outputs.

  • Bosco Tan
    15 November 2012 at 7:42 pm
  • Bosco Tan
    15 November 2012 at 7:43 pm

    Early users have suggested it’s faster and have a cleaner interface. But be you own judge of that! :) sign up and shoot me an email!

  • Bosco Tan
    15 November 2012 at 7:43 pm

    :)

  • Bosco Tan
    15 November 2012 at 7:43 pm
  • Bosco Tan
    15 November 2012 at 7:44 pm
  • Alvin
    15 November 2012 at 8:06 pm

    Great to hear about your experiences with it so far! We’re just a few months old and have a full pipe-line of things to come. Hoping to make the experience for our users seamless.

    Alvin from Pocketbook

  • jesseb05
    15 November 2012 at 8:35 pm

    I’d love an invite

  • techau
    15 November 2012 at 9:01 pm

    Thanks for hooking up the readers Bosco. Lots of new users coming your way.

  • James Peek
    15 November 2012 at 9:01 pm

    Looks very useful. However, I’m surprised none of the major banks have formalised their third-party authentication process into something more OAuth in style where you can grant (and consequently withdraw) varying levels of access to an account. As secure as these services maybe, it still feels “wrong” to be entering complete login details into a third-party site.

  • techau
    15 November 2012 at 9:02 pm

    Thanks Alvin. I had about 90% of my transactions auto categorised. Makes budgeting so much easier than running an excel spreadsheet.

  • techau
    15 November 2012 at 9:04 pm

    Throw me an email at Jason@techAU.tv if you used twitter to comment. Glad you’re all so keen..

  • techau
    15 November 2012 at 9:17 pm

    Completely agree James. It was certainly a big leap of faith to try it out.. that’s what I put on the line to try it out for you guys :) Their business, like Mint, is built on trust. I read the security page and believed what they said. The same back-end banks use and the password is hashed, so they never actually get it.

  • Guest
    15 November 2012 at 9:33 pm

    like!

  • Jayw
    15 November 2012 at 11:48 pm

    I’ve love an invite too…Have tried many services and seen a few come and go over the years…having seamless integration with the bank is the key to continued use including the smaller banks in australia. Great to see something tailored to australian banks for a change!

  • Mat Packer
    16 November 2012 at 2:01 am

    Looks pretty nice Jason, might have to check it out.

  • Bosco Tan
    16 November 2012 at 8:19 am
  • Bosco Tan
    16 November 2012 at 8:22 am

    yeah, thanks Jason :)

  • mrtruffle
    16 November 2012 at 8:33 am

    One concern. Why does the site have no information as to who is behind this? Trusting your bank details to a mystery company is worrying. Bosco is there any reason for not having detailed contact info on the site. ABN, audit info of your security protocols (ie who has access to my data, it says staff wont store data on insecure devices but can staff access my info?) etc

    keen to dive in but if it all goes pear shaped I feel I have very little info to follow up on.

  • Bosco Tan
    16 November 2012 at 8:36 am

    Hi, we are so new that we haven’t had a chance to get those things in order. Feel free to email me. and perhaps these interviews both Alvin and I may help in the meantime http://fromlittlethings.co//?s=pocketbook

  • eltonlester
    16 November 2012 at 9:43 am

    yes please

  • James Martin
    16 November 2012 at 1:11 pm

    Looks promising – Hopefully something that simplifies the job of keeping track of all the extra fees and charges added to so many purchases today. Would be great to try out.

  • Bosco Tan
    16 November 2012 at 10:52 pm
  • Bosco Tan
    16 November 2012 at 10:52 pm
  • Bosco Tan
    16 November 2012 at 10:53 pm
  • Wayne
    17 November 2012 at 1:37 am

    Making the move to WP8 and I would like this to be the very first app I install. Finally a home grown app to support our banks. Very much looking forward to testing it out and giving you some constructive feedback.

  • Michael Kindred
    18 November 2012 at 6:35 pm

    looks interesting have been waiting for mint in Australia for a long time, still looks like it’s a while off.. would love an Invite to try this, have tried a couple other solutions like yodlee, xero and moneystands.

    :)

    michael.kindred(at)outlook.com

  • John
    21 November 2012 at 7:37 pm

    Hey would love to try this

  • Ange
    18 December 2012 at 7:04 pm

    Is it too late to ask for an invite?

  • Nick M.V. Cooper
    21 January 2013 at 10:10 pm

    Nothing other than their security practices stops unfettered access. This is best fixed by a tiered or limited access system provided by the banks. I cannot imagine touching this with a 10ft pole otherwise :(

    Also isn’t 128bit ssl a bit outdated?

  • NAB Money tracker | techAU
    19 February 2013 at 10:56 pm

    […] The National Australia Bank are entering the finance data game. Many years ago Mint.com made a big splash internationally with a startup that provided more information about the way consumers spent their money, than ever before. Fast forward a couple of years and we got our own version in Australia called PocketBook. […]

  • NAB Money tracker helps you spend and save better | techAU
    20 February 2013 at 3:18 pm

    […] The National Australia Bank are entering the finance data game. Many years ago Mint.com made a big splash internationally with a startup that provided more information about the way consumers spent their money, than ever before. Fast forward a couple of years and we got our own version in Australia called PocketBook. […]

  • Angela Wright
    23 February 2013 at 9:58 pm

    Hi Jason, I’d like an invite if still available? No doubt the teething problems are being ironed out…

  • techau
    23 February 2013 at 10:17 pm
  • techau
    23 February 2013 at 10:18 pm
  • Pocketbook goes mobile starting with an iPhone app | techAU
    11 July 2013 at 8:24 pm

    […] finance service Pocketbook has been a big hit. Since we covered the Aussie service last November, there’s been some new features added, like setting spending […]

  • friv 2 friv 3 friv 4
    27 October 2013 at 6:55 pm

    looks interesting have been waiting for mint in Australia for a long
    time, still looks like it’s a while off.. would love an Invite to try
    this, have tried a couple other solutions like yodlee, xero and
    moneystands.

  • Musharuka
    15 May 2014 at 6:52 pm

    Hi, would like and invite to try. Have been waiting for mint to come to Aussie

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