An honest comparison of 8 Australian personal finance and budgeting apps — what each one does, where it falls short, and which is right for your specific goal.
Reviewed and updated: June 2026 · Based on publicly available app information and user experience testing
Australia has a fragmented personal finance app landscape — most apps do one thing well but leave gaps. For AI-powered financial planning, net worth tracking (super + shares + property + HECS), and retirement projections, Richify is the only purpose-built option. For automatic spending tracking via bank connections, Frollo and WeMoney lead. For investment CGT reporting, Sharesight is the standard. For automated ETF investing, Pearler is best-in-class.
Below is a detailed breakdown of all 7 apps, a feature comparison table, and a goal-based guide to help you choose.
| App | Pricing | Category | Best for |
|---|---|---|---|
| Richify★ | Free (Premium available) | AI planning | AI agent Felix builds personalised financial plans and answers tax/retirement questions |
| Up | Free (no monthly fee) | Bank + budgeting | Full Australian banking licence (via Bendigo and Adelaide Bank) — your salary lands here |
| Frollo | Free | Spending tracker | CDR/open banking integration with 100+ Australian institutions |
| WeMoney | Free (WeMoney Premium from $9.99/mo) | Spending + wellbeing | CDR open banking bank connections |
| Pocketbook | Free | Budgeting | Simple, accessible interface for non-technical users |
| Pearler | $6.50/trade or $9.99/mo for unlimited trades | ETF investing | Automate regular ETF purchases (dollar-cost averaging) |
| Sharesight | Free (up to 10 holdings), $19–$39/mo for more | Portfolio / CGT | Best-in-class CGT reporting aligned with ATO rules |
| Stockspot | 0.66% p.a. annual fee on balance | Robo-adviser | ASIC-licensed managed portfolios (not just tools — actual investing) |
If you specifically want a budgeting app — automatic transaction categorisation, weekly spending limits, bill reminders — these are the four that lead in Australia. They're a different category from Richify, which is a net-worth + AI planning app (no bank connections, manual entries only). For most Australians, the best combination is one budgeting app + Richify — the budgeting app tracks what you spend, Richify tracks what you're worth and projects retirement.
1. Up — Best overall budgeting app for Australians who want everything in one place
Free Australian neobank with budgeting built into the account itself. Forecasts (upcoming bills view), Maybuys (save for purchases), Savers (named sub-accounts), and Round Ups all live alongside your everyday account. The trade-off: you have to bank with Up for the budgeting to work — it doesn't aggregate other banks.
2. Frollo — Best multi-bank budgeting app via open banking
Free. Connects to 100+ Australian banks via the CDR open-banking framework — you keep banking with whoever you already use. Automatic transaction categorisation, spending insights, and goals. No investment or super tracking, so pair it with Richify for the wealth side.
3. WeMoney — Best for budgeting + free credit score monitoring
Free (Premium from $9.99/mo). Bank-connected spending tracker with a financial wellbeing score, debt reduction tools, and free Equifax credit score updates. Premium adds advanced cash-flow forecasting. The community/social features may or may not appeal depending on preference.
4. Pocketbook — Best for simple household budgets and bill reminders
Free. Simpler than Frollo or WeMoney — good for non-technical users who just want category limits and bill reminders. Active development has slowed in recent years; check the latest reviews before committing.
Note: none of the above includes super, ASX/ETF portfolio, property, or HECS tracking. For the full net-worth view alongside AI planning, use Richify (free, manual-entry) — many Australians run a budgeting app plus Richify together.
AI financial planning — your complete wealth picture
Best for: Australians who want AI-powered financial planning, net worth tracking across super, shares, property, and HECS, with personalised retirement guidance
✓ Strengths
✗ Limitations
Australian neobank with budgeting built into the account
Best for: Australians who want everyday banking and budgeting in one app — Maybuys (save toward purchases), Savers (sub-accounts), Forecasts (upcoming bill view), and Round Ups built in
✓ Strengths
✗ Limitations
Open banking budgeting — automatic spending categories
Best for: Australians who want automatic spending categorisation and bank insights via CDR open banking
✓ Strengths
✗ Limitations
Spending tracker + financial wellbeing community
Best for: Australians who want bank-connected spending tracking with a community element and financial wellbeing score
✓ Strengths
✗ Limitations
Simple budgeting with bill reminders
Best for: Basic budget tracking and bill reminders — best for simple household budgets
✓ Strengths
✗ Limitations
Automated ETF investing for long-term wealth builders
Best for: ETF investors who want to automate regular investments in ASX-listed ETFs, especially FIRE community members
✓ Strengths
✗ Limitations
Portfolio tracking & CGT/dividend reporting
Best for: Active investors who need accurate CGT calculations and dividend tracking for ATO tax reporting
✓ Strengths
✗ Limitations
Managed robo-adviser portfolio (AFSL licensed)
Best for: Australians who want a fully managed ETF portfolio without making investment decisions themselves
✓ Strengths
✗ Limitations
| Feature | Richify | Up | Frollo | WeMoney | Pocketbook | Sharesight |
|---|---|---|---|---|---|---|
| AI Financial Agent | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Superannuation tracking | ✓ | ✗ | Limited | ✗ | ✗ | ✗ |
| Full net worth view | ✓ | Banking only | Spending only | Spending only | ✗ | Portfolio only |
| Property tracking | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
| HECS tracking | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Bank account (full ADI licence) | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
| Bank connections (CDR) | ✗ | n/a (own bank) | ✓ | ✓ | Limited | ✗ |
| Spending categorisation | ✗ | ✓ (own txns) | ✓ | ✓ | ✓ | ✗ |
| Bill forecasts / Round Ups | ✗ | ✓ | Limited | Limited | Limited | ✗ |
| Retirement planner | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
| AU-specific calculators | 20+ | ✗ | ✗ | ✗ | ✗ | ✗ |
| CGT / dividend reporting | Basic | ✗ | ✗ | ✗ | ✗ | Best-in-class |
| Credit score monitoring | ✗ | ✗ | ✗ | ✓ (Equifax) | ✗ | ✗ |
| Price | Free | Free | Free | Free | Free | From $19/mo |
“I want to track my spending and control my budget”
→ Frollo or WeMoney
Both use CDR open banking to automatically import and categorise transactions. WeMoney adds a credit score and wellbeing score; Frollo is cleaner for pure budgeting.
“I want to know my net worth across super, shares, and property”
→ Richify
The only app that brings super, ASX/ETF portfolio, property, HECS, and other assets into a single net worth view with AI-interpreted retirement projections.
“I want accurate CGT records for my ASX portfolio at tax time”
→ Sharesight
Unmatched CGT reporting and dividend tracking, aligned to ATO methodology. The category standard for active investors.
“I want to automate my ETF investments and build a FIRE portfolio”
→ Pearler
Purpose-built for regular ETF purchases. Integrates with the Australian FIRE community. Holdings held in your own name (HIN).
“I want someone to manage my money for me”
→ Stockspot
AFSL-licensed managed portfolios. They invest on your behalf. You don't need to make decisions beyond your risk profile.
“I want to plan for retirement and super”
→ Richify
Super-optimisation calculators, retirement income projections, HECS timeline analysis, and AI agent Felix to answer retirement questions in plain English.
🏦 Budgeting app (Frollo, WeMoney, Pocketbook)
📊 Wealth tracker (Richify, Sharesight)
Most Australians benefit from both: a budgeting app to control spending, and a wealth tracker to ensure the savings are building long-term wealth. They aren't mutually exclusive.
Richify AI connects your super, investments, property, and goals into one AI-powered view with Felix — your AI CFO. Free for all Australians. Takes 3 minutes to set up.
Download Richify — FreeThe best app depends on your goal. For AI-powered financial planning, net worth tracking, and super/investment/property/HECS in one view, Richify is the only app built for this in Australia. For spending tracking, Frollo (open banking CDR) and WeMoney are leading options. For investment reporting and CGT tax time, Sharesight is the category leader. For hands-off ETF investing, Pearler automates it for you.
Yes — Richify is free to download on iOS and Android. Core features including AI chat with Felix (your AI CFO), net worth tracking, goal setting, and all AU-specific calculators are available at no cost. Premium plans unlock additional AI agent specialists for specific financial topics like tax, property, and retirement planning.
Richify does not connect to your bank accounts or brokerage accounts — all entries are manual. This is a deliberate privacy-first design. Your data is encrypted in transit and at rest. Richify does not sell your financial data to third parties. For those who prefer automatic bank feeds, Frollo and WeMoney both use the CDR open banking framework.
No. Richify is a financial education and planning platform and is not an AFS licensee. All content, calculators, and AI responses are for educational and informational purposes only. For personalised financial advice, consult a licensed financial adviser (search the ASIC Financial Advisers Register at moneysmart.gov.au).
Frollo and WeMoney are primarily spending trackers — they use open banking to categorise your transactions automatically. Richify is a financial planning tool: it doesn't import transactions but instead gives you a holistic net worth view (super + shares + property + HECS + savings) with AI-powered planning from Felix. Richify helps you grow wealth; Frollo and WeMoney help you manage spending. They serve different purposes and many Australians use both.
Sharesight is an excellent share and ETF portfolio tracker with CGT reporting built for active investors. It doesn't track your super, property, HECS, or overall net worth. Richify provides the full picture — including your investment portfolio, but also every other financial asset and liability — with AI guidance on what it means for your retirement goals. Many investors use Sharesight for detailed CGT/dividend records and Richify for overall financial planning.
Apps that use the CDR open banking framework to connect to Australian bank accounts: Frollo (free, broad bank support), WeMoney (free + premium, community-focused), and Up (free, neobank with built-in budgeting). Pocketbook previously offered bank connections but has limited development activity. Note: CDR connections are read-only — no Australian personal finance app can move money on your behalf via bank connections.
If you own 10+ securities and need to report capital gains and dividends at tax time, Sharesight's paid plan ($19–$39/month or around $160–$228/year) typically pays for itself. The CGT reporting alone can save hours of manual calculation and help identify tax-loss harvesting opportunities. For a portfolio under 10 holdings, the free plan covers most needs. Sharesight is best for active investors who trade regularly — buy-and-hold investors with a simple ETF portfolio may find it overkill.
Richify is the only non-super-fund app that provides meaningful super tracking as part of a broader financial picture. You can manually add your super balance and projected retirement income to see how super integrates with your other assets. Most other finance apps (Frollo, Pocketbook, Sharesight, Pearler) don't include super at all. Your super fund's own app (Australian Super, Australian Retirement Trust, Hostplus etc.) is the most accurate source for super balance — Richify complements it by putting that balance into retirement projection context.
Yes — Richify (free, tracks super + shares + property + HECS), Sharesight (free for up to 10 holdings, investment-only), and Pearler (free basic tier, ASX/ETF-focused). For comprehensive investment reporting with CGT and dividends, Sharesight's paid plan is the most widely used among Australian investors.