PocketSmith vs Wallet by BudgetBakers
PocketSmith
pocketsmith.comWallet by BudgetBakers
web.budgetbakers.comSide by side
| Figure | PocketSmith | Wallet by BudgetBakers |
|---|---|---|
| Price from | $9.99/mo | Free |
| Free plan | Yes | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| Linux | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | — |
| Plans published | 7 | 4 |
| Spec score · Personal Finance Software | 9.5 (#2) | 8.8 (#10) |
| Spec score · Budgeting And Expense Tracking | 8.9 (#2) | 7.9 (#17) |
| Spec score · Expense Tracking | 8.9 (#5) | 7.9 (#11) |
| Account sync | both | both |
| Bill tracking | Yes | Yes |
| Budgeting | The product provides a budget calendar, flexible budget periods and what-if scenarios. | Wallet supports category spending limits, overspending alerts, AI-powered category assignment, and multiple budget types. |
| Budgeting tools | Yes | Yes |
| Founded | 2008 | 2014 |
| Free plan | Yes | Yes |
| Headquarters | Dunedin, New Zealand | Prague, Czech Republic |
| Mobile apps | both | both |
| Multi-currency | It tracks accounts, assets and liabilities across countries with automatic currency conversion based on daily rates. | Wallet supports multiple currencies and says it automatically calculates exchange rates. |
| Net-worth tracking | Yes | Yes |
| Available platforms | The site lists mobile and desktop apps. | Wallet has mobile apps for iOS and Android and a browser-based web app. |
| Report export | Yes | Yes |
| Security | Connections are encrypted, stored data is encrypted at rest, passwords use bcrypt hashing, and PocketSmith reports an SSL Labs A+ transport rating as of February 2024. | BudgetBakers states it is ISO 27001 certified, PCI DSS compliant, and PSD2 licensed, and that bank access is read-only. |
| Support | Users can contact PocketSmith support through the in-app Help menu or by email, with priority email support on Fortune. | The download page lists priority support among Wallet's stated benefits. |
Plans
PocketSmith
- FreeFree
- Foundation$14.95 a month
- Flourish$24.95 a month
- Fortune$39.95 a month
- Foundation$119.88 a year
- Flourish$199.92 a year
- Fortune$319.92 a year
Wallet by BudgetBakers
- FreeFree
- Premium LifetimePrice not published
- Premium MonthlyPrice not published
- Premium YearlyPrice not published
In their own words
PocketSmith
PocketSmith is personal finance software for budgeting, monitoring accounts, and forecasting future balances. It connects to financial institutions for automatic imports and categorization, and also supports manual imports. Budget tools include a calendar, flexible periods, and what-if scenarios; reports cover income, expenses, net worth, and cash flow. Users can track accounts, assets, and liabilities across countries with currency conversion. Forecasting can show daily balances as far as 60 years ahead on the Fortune plan. The free plan includes two dashboards, 12 budgets, two accounts, and six months of projection. Foundation starts at $9.99 a month when billed annually. PocketSmith lists Android, iOS, web, desktop apps, and an API. Bank feeds are read-only and cannot move money in connected accounts. The service states that data is encrypted, two-factor authentication is available on every plan, and there are no ads or ad-tracking.
Wallet by BudgetBakers
Wallet by BudgetBakers is a personal finance tracking and budgeting tool for Android, iOS, and web. It is not a bank and does not hold funds, send payments, or withdraw cash. Users can set category spending limits, receive overspending alerts, use AI-powered category assignment, and choose among multiple budget types. Wallet says it connects to over 15,000 financial institutions for transaction syncing and balance updates. It supports multiple currencies with automatic exchange-rate calculations, and imports historical records in CSV, XLS, or OFX formats. The mobile app lists real-time notifications, quick expense entry, receipt scanning, and offline mode. The web app lists analytics, bulk operations, report export, and multi-tab support. Premium includes Group Sharing for household expenses and savings goals, with control over shared accounts; its REST API provides access to transactions, accounts, budgets, and goals. BudgetBakers says bank access is read-only, and describes GDPR compliance and a right to data deletion. Wallet has a free plan, and a free trial is listed.