Track spending and budgeting apps

Any news on an alternative option from BNZ that doesn’t breach the t&cs? Money Map disappeared a long time ago and has never been replaced. The “Be good with money” slogan seems a bit misleading if no tools can be provided that allow you to manage spending and budgets.


Hi @Bensmith12 @trevleyb

with Pocketsmith you have the option to manually upload account transaction export files. It is easy to export your transactions from Internet Banking then upload them into an app like Pocketsmith.

I appreciate it isn’t as easy as having a live feed do that for you, but it does mean there’s no Terms and Conditions breaches while still allowing you the benefit of these apps. Hope that helps a little.



Hi @Bensmith12

We’d love to look at building tools that give you similar insight as pocketsmith - only better. We are having some chats at the moment about how and when we kick that off, so keen for you to tell us what are the key things you need, the things you use that are good but maybe could be better etc.

Some of the tools provided by others feel like good starts, but still have big gaps.



Hi Nick,

It probably depends what type of tools you’d be prepared to build and
whether they would be free or incur a charge to use.

I suppose the simplest starting point is a view of whether I am spending
more than I earn (for a given period, whether that is week/month/year/etc.).

The level underneath to me would be about understanding what you’re
spending your money on (normal type of classification of transactions
activities). It goes without saying you’d want this to be automated as
much as possible and reasonably near time. Messing around with bank
statements isn’t any fun, you have to be really really keen to do it that

From that point it can get a bit more complex, so depends what your
appetite is. For me personally, I’d like the ability to set budgets (e.g.
for costs that I know about) and track against them, to help me understand
how much money I should have available to save/spend and whether things are
working out as planned.

It would also be nice to be able to create some what if scenarios with the
budgets. For example, if I reduced my weekly transport spend or lunch
costs, what difference does that make longer term. Possibly linking to a
savings goal.

I’ll stop there, that’s just my initial thoughts, are we on the same



Keep going ! We are talking about a view of the same kinds of things. One thought we have is that the standard categories other services apply always seem to have a 20% mismatch factor, so we are keen to explore both out of the box bank categories (ones we’d define) but let customers set rules for their own categories.

We are hoping to start putting the proposal together over the coming months, we have a few heavy lifting projects to complete then hoping we can build later in the year.

Appreciate the thoughts you’ve shared, the more we get from you guys the better we can shape what we actually do.



This is exciting! I’ve been wanting this for a long time.

I’d like the ability to set a budget (weekly, fortnightly or monthly), which can be easily created and updated on the app. Expenses could be manually (or automatically?) assigned to each budget category (eg. groceries, fuel, rent) as soon as the money is spent, which will then track exactly how much money is left to spend for that category. I want to quickly see on the app how much is left to spend for each category, similar to how Instant Balances show. At the moment I use lots of YouMoney accounts to do this but I still have to store my budget on a spreadsheet and transfer money manually into the different accounts when I get paid.

I’d also like to see trends across weeks/fortnights/months to see if I’m consistently overspending/overbudgeting on something.

Another handy tool would be to add a target date to savings goals and this magical budgeting tool will tell you how much you need to save each week to reach it in time.

Thanks heaps


Yes, would want the ability to override the automatically assigned categories where applicable and define your own personal ones.

Personally, I don’t mind if it is via a website or app.

As a nice to have, it might be good to get alerts/notifications if you’re about to exceed a defined budget. E.g. warn me when I get to x%, where x is a value I’ve defined.

Some budgets set would be at specific periods, so weekly, fortnightly, monthly, quarterly or annually. Also good to include expected income as something you could set a budget for, as this helps with any savings goals.

The other trick/complexity is around how to handle multiple accounts and transfers between them. Need to make it easy to avoid double-counting those.

Hope some of that is useful and I look forward to hearing more.


My 10c worth, in addition to the above:

Free is good, but I’d be OK with paying a small amount if I could bring in automatic feeds from other banks. I’ve never had credit card and mortgage with the same bank.
App only would drive me crazy due to screen size.
Something that learns spending habits to forecast outgoings and implications would be great (eg: you seem to spend $xxx at the mechanic every six months - would you like to add this to your forecast outgoings? if you spend like last Christmas you’re not going to get through January)



PocektSmith looks like a great tool, Personally I have a Xero Non-GST Cashbook from my accountant and I love it, I agree “Be good with money” needs some tools to help people be good, despite paying $12/month for Xero its saving me much more than that as I can run a report and view my current of previous months spending vs my average and see why I am sitting so I know if I need to pull back or not and its has really helped me control my overspending on snacks, takeaways, eating out, coffee and alcohol, easily saving me a few hundred a month.

Does this link to bnz accounts though?

The paid Pocketsmith plans offer the feature of a direct link however you would be in breach of the BNZ’s Internet Banking terms and conditions because you’ve passed on your access details to another party. More info here:


Following! Interested! Keen to encourage BNZ to develop something or just work in with another program or app (eg Pocketsmith). I’d emphasise something really simple - IMHO many of the fancy bells & whistles of top commercial apps are of little interest (leastwise not to me!). I’d also encourage something which has both a PC-based program as well as a mobile app. FWIW over the years I’ve used Quicken and in recent years Ace Money Lite. I think my key needs are developing my own annual budget and being able to track expenditure against that. Not sure I want or need much more than that! Cheers!


I have used YNAB for the last 5 years and it does 95% of what I have read in the comments above. Also seems like they have direct bank feeds with ASB. We’re currently with ANZ for personal finance, and BNZ for my company, but would move my personal banking to ASB if I can get the bank feeds to work.

You’ve been talking and thinking about this since Feb 17. Any sign of progress?

I note your new CEO has recently stated in a marketing email:

“As we move further into the year, you can expect a customer-focused attitude to be at the heart of my ambitions for BNZ. I am also deeply passionate about enabling better financial outcomes for our customers”

A facility to track spending and measure it against a budget would be pretty fundamental to achieve these objectives wouldn’t it?

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I have been using Monefy… cannot say that i have saved anything by using it, but at least i knew where my money went. thanks by the way for the recommendations here.

It was more than a year since last update from BNZ staff. I would be nice to have any info …

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There used to be an awesome app called Billguard, which later got renamed to Prosper Daily. It had automatic bank feeds to many banks, including most of NZ’s popular banks. It had the best expense management and categorization I’ve ever used. It provides a great report showing how much you’ve spent on each category (e.g. Food, Utilities, etc). It also has some credit monitoring feature and allows you to plan your budget nicely. Then around August 2017, it got discontinued.

I’m still looking for a decent replacement to this day and I haven’t found one. Pocketsmith doesn’t do automatic bank feed, so it sucks. Wave (formerly known as Wave Accounting) does automatic bank feed, but it’s slow. I’m with ASB btw, so Wave is able to do automatic bank feeds with ASB no problem. I presume it will work with BNZ.

Then there is Quickbooks Online, which is the closest thing to Prosper Daily. Take a look at the video here:

One of the many features of Prosper Daily is the automatic categorization. It knows how to group the same transaction entries and assign them the same category, saving you a lot of time. Quickbooks Online also does this, but it isn’t free.

Finally, there’s the Android app (unsure if there is one for iOS) called Wallet - money budget. It does automatic bank feeds, but it’s not free. However, there is a way to get it free if you are a pirate. The app kind of sucks though and it’s too slow to categorize the transactions. Spendee also does automatic bank feeds (at least with ASB, not sure about BNZ). But it’s not free either. Both of these apps are subscription based.

I think I have found the permanent solution for myself. There’s a nice app called MoneyDance, which is only $50 and does some pretty decent automatic category assignments. It has reports as well and is able to fetch data from your bank. Gonna try this out.

Hi BNZ, I’m keen for an automated export solution that doesn’t breach Ts and Cs (as per Darren’s link) - can you please advise progress on this?


Don’t worry about me - I’ve given up waiting as it’s pretty clear that an inbuilt budgeting / track spending or integration with other accounting and budgeting solutions must be towards the bottom of the BNZ’s priority list. If you want this type of facility you’d be better off with another bank.


Not sure if BNZ are still looking at a personal budgeting tool for online/mobile, but I have a few comments for @Nick if he’s still interested:

A) These are all based on the budgeting PDF published by BNZ.
B) This would be for the majority of personal users who are employees and their main source of income is their salary or wage.

  1. The income would only need to start with 2 options (blocks); Salary or wages, and other.
  2. Allow credit transactions in a calendar month to be assigned to one of these, using a drag & drop.
  3. We don’t need to see individual transactions, so collate all transactions that are received from the same account. This would naturally group together salaries or wages from your employer(s).
  4. Base the expenses part of the app on the 4 quadrants that BNZ use for budgeting; needs, wants, fixed, and flexible.
  5. Allow debit transactions in a calendar month to be assigned to one of the 4 quadrants using the same drag & drop style we are used to for transfers.
  6. Again, we don’t need to see individual transactions, so collate all transactions that are paid to the same account. This would naturally group together rent, fuel, insurance, rates, internet, electric, gas, mobile, groceries, etc.
  7. It should remember how transactions were assigned to the 6 options so that future use of the app could handle it automatically.
  8. Display 2 pie charts. One for income (2 segments) and one for expenses (4 segments). Have an obvious highlight if expenses exceeds income.
  9. As per the PDF, the spending diary is one of the most important tools in managing a budget. Having an app able to do the above steps for expenses goes a long way to doing that.

C) If automating the process using machine learning or rules driven fuzzy matching is too hard, then still allow the manual drag & drop of summarised transactions into one of the 6 budgeting blocks.
D) This analysis of which transactions go into which budgeting block could be applied to any or all of the users accounts, although the most benefit comes from looking at the account that receives the income.
E) The screen would have the selected account at the top, which you can choose, followed by the collated transactions list for the calendar month (choose month option?), and a section at the bottom like Quick Pay, which would show the budget blocks as drop destinations.
F) As an example for me, I would see a collated entry in the list for Accom. Centre Ltd., which would have all the rent payments I’ve made in the month. I would select that entry and drag it down to the bottom, dropping it on the Needs/Fixed, along with the collated transactions to AA Insurance.
I would see a collated entry in the list for Contact Energy Ltd, which would have the electric payment I’ve made for the month. I would select that entry and drag it down to the bottom, dropping it on the Needs/Flexible, as it changes each month, alongside the payment to Spark NZ Trading, which also changes each month. The monthly transfer to my savings account gets into Needs/Flexible as well.
In the list I see a Robert Harris collated item, which I drag & drop in Wants/Flexible as well as an entry for Hungry Wok, as meals out should be considered Wants not Needs.
There is also a item, which I drag and drop into Wants/Fixed, along with the Blind Foundation charitable donation I make each month.
G) Given all the above info, it would now be easy for me to see if I’m over-extending myself, or if I have some left over funds that could be moved into savings or even put into my Kiwisaver as a voluntary contribution.

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