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My partner and I merged our finances when we moved to London as we both essentially started at zero here. We use pocketsmith[0] to manage and keep track of ever

My partner and I merged our finances when we moved to London as we both essentially started at zero here. We use pocketsmith[0] to manage and keep track of everything. It's fantastic and has completely changed the way I look at money. It has a great cashflow view and good forecasting. I now never look at our account balances, as I know, from the cashflow view, that we're definitely earning more than we spend. So now I optimise for that. I highly recommend people check it out, it's a revelation once you get it all setup. Looking at honeydue it looks like a sub-optimal alternative to pocketsmith. I will say as well, the necessity of apps like venmo and these splitting apps to exist at all blows my mind having always lived in countries with functioning banking systems and fast, free electronic transfers. [1] https://www.pocketsmith.com/ https://www.pocketsmith.com/

Fredej 9y ago
I live in Denmark where we have had phonebased money transfers for years now (since around 2013 I believe). I've used splitwise for tracking purchases at a festival where whoever had money on them would buy beer or food and we would just track it in a group budget. Since you didn't have cash transactions when adding you don't need too much security so there's lower friction. Further you reduce the amounts of transactions going on, while still retaining decently detailed logs. It also gave the option of solving things with cash when splitting with people from abroad who may not have the same access to easy money transfer. Just to add some perspective. I'll check out pocketsmith - it does sound kind of cool and I'm looking at the possibility of merging my finances with my partner soon-ish.
nulagrithom 9y ago
Thanks for this. Looks really promising. My frustration with most these budgeting apps is that they're usually designed around the idea of split finances, which is something I fundamentally have a problem with. My wife and I keep nothing but joint accounts. There is no "splitting". I don't need to "control what my partner sees". I just need a place where I can keep track of _our_ budget.

Fredej 9y ago

I live in Denmark where we have had phonebased money transfers for years now (since around 2013 I believe). I've used splitwise for tracking purchases at a festival where whoever had money on them would buy beer or food and we would just track it in a group budget. Since you didn't have cash transactions when adding you don't need too much security so there's lower friction. Further you reduce the amounts of transactions going on, while still retaining decently detailed logs. It also gave the option of solving things with cash when splitting with people from abroad who may not have the same access to easy money transfer. Just to add some perspective. I'll check out pocketsmith - it does sound kind of cool and I'm looking at the possibility of merging my finances with my partner soon-ish.

nulagrithom 9y ago

Thanks for this. Looks really promising. My frustration with most these budgeting apps is that they're usually designed around the idea of split finances, which is something I fundamentally have a problem with. My wife and I keep nothing but joint accounts. There is no "splitting". I don't need to "control what my partner sees". I just need a place where I can keep track of _our_ budget.