Why choose PocketSmith as your Mvelopes alternative?
Is PocketSmith the best budgeting app for me?
Money is intensely personal, so only you can answer that question. What we can promise though, is one of the most customizable personal money management tools on the market.
When it comes to home budgeting Mvelopes alternatives, PocketSmith is unmatched. PocketSmith can work as an envelope budgeting software but you can also adapt it to suit your preferred budgeting method, whether you follow the 50/30/20 rule, zero-based budgeting, or a hybrid system you invented yourself! If you compare PocketSmith’s budgeting systems to your Mvelopes personal budget, you’ll never look back! Our caring Support team is an email away to help you figure things out as you go.
Check out what our lovely user community has to say and decide whether we're right for you. See how a diverse group of Americans use PocketSmith to supercharge their financial productivity. From software engineer Darin, who tracks his expenses and income with PocketSmith, to entrepreneur Doug, who uses PocketSmith’s forecasting features for home and business, and California-based Ellen and Max, who manage their combined finances with PocketSmith.
Does PocketSmith use a financial aggregator?
We use Plaid as our North American data provider alongside our global data provider, Yodlee. We use these fintech companies because they are the most reliable method of providing automated transaction imports into PocketSmith.
At the end of 2021, we launched Data Connections, our new platform that enables us to connect to even more institutions, and prepares us for the future of open banking. This means, in addition to Yodlee, we have the ability to connect to other financial aggregators specializing in specific regions. To that end, we now use Salt Edge for EU countries regulated by PSD2, Basiq for open banking in Australia, and connect to NZ financial institutions via Akahu.
Do I have to use bank feeds with PocketSmith?
If you prefer not to use automatic bank feeds, you can use our convenient bank file uploader. PocketSmith supports the following file types: OFX, QFX, QIF, CSV. Export your bank files from your online banking website, then import them straight into PocketSmith! You can learn more about importing bank files here.
Can I share PocketSmith with a trusted partner or advisor?
Yes, PocketSmith has a shared access feature where you can choose to share access to your PocketSmith account with a trusted partner, financial advisor, or other financial services of your choice such as a mortgage broker. Learn more about shared access here.
Can I use PocketSmith to create custom budgets?
We pride ourselves on creating leading budgeting software that allows individuals and households to create budgets unique to their situation. Whatever stage of life you’re at, we’ll help you get control over your money.
Is PocketSmith a web app, mobile app or both?
Both! PocketSmith is cloud-based desktop personal finance software with a mobile companion app. PocketSmith is the best alternative to Mvelopes for Windows and Mac. Much like the Mvelopes budgeting app, our iOS and Android budgeting app is designed to provide you with the key elements of PocketSmith right there in your pocket. So you can achieve your money goals while you do what you do best — live your life!
Does PocketSmith have a monthly subscription?
In the same way as Mvelopes cost you a monthly subscription fee, PocketSmith has three subscription tiers, each with expanded functionality – Basic, Foundation, Flourish and Fortune. Check out our plans page for more information on the costs and features of each subscription tier.
What is PocketSmith?
PocketSmith is world-class personal finance software that lets you manage your money, your way. Track your income, expenses, assets and net worth, customize your budgets, forecast your cashflow up to 30 years into the future, and see it all in a nifty calendar view.
