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Your money

What you
are worth

Everything you own, minus everything you owe, recalculated every time an account reports in.

Six kinds of account,
one arithmetic

Most people's money is not in one place. It is a current account, a card that is owed money on, a brokerage, a pension nobody has looked at in a year, a loan with eleven payments left, and a wallet with a balance in it.

Pocket reads all of them through one connection and does the subtraction. Assets are counted at their current value. Debts are counted at what is actually outstanding, not the credit limit. Nothing is counted twice, even when the same institution is connected under two names.

Connect an account
Cash$4,120 across a checking account and a wallet.
Investments$67,615 at today's prices, including fractional units.
Pension$18,400, valued the way the provider reports it.
Cards−$820. What is owed now, not the limit.
Loans−$22,560 outstanding across two facilities.
Net worth$66,795

Where it
actually went

Every transaction is sorted into a category, and every category can be opened to the individual charges underneath it. Pocket compares this month with the last, so a category that has quietly grown says so instead of hiding inside a total.

CategoriesGroceries, transport, eating out, billsAssigned automatically from the merchant, and correctable. A correction sticks — the same merchant is never miscategorised twice.
Month on monthUp 31% on eating outChange is shown against your own history, not an average of other people. The comparison you care about is with yourself last month.
MerchantsWho you actually payBank descriptors are decoded into names you recognise, and the same merchant under four different descriptors is treated as one.

Gross, deductions,
and what landed

A payslip has a headline number and a number that reaches your account, and the gap between them is the part nobody explains. Pocket shows both, along with tax, pension and anything else taken out on the way.

Income that is not a salary is counted too — invoices, dividends, interest, rent. Passive income is separated from earned income, because the question “how much of this arrives whether or not I work” has a different answer than “how much did I earn”.

Gross$5,850 monthly, Acme Corp
Income tax−$1,109
Pension−$351, matched at 5%
Other−$210 insurance and levies
Landed$4,180 on the 25th
Passive$96 in dividends and interest this month

See the whole
of it

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