Our review covers Wallet’s features, pricing, pros and cons to help you decide if you really need this finance app to occupy some of your smartphone’s memory.
Wallet is a budgeting app that can be downloaded on Android or iOs, or used through its web interface. However, the Android version of the app is the most complete one, while the iOs and web versions lack some of its useful features.
Wallet comes with clean graphics and straightforward menus and options. After you download the app, you can sign up through your email, or using either Facebook or Google, and then start using it immediately.
The basic features are for free, but free Wallet only works as a manual budgeting app – you’ll have to manually enter your expenses and handle your accounts. If you’re looking for something a bit smarter and more automated, you’ll need to pay for Wallet Premium.
Wallet’s free features on Android include:
The iOs and web versions of Wallet are both missing budgeting and goals, and iOs also lacks the planned payments feature.
Here’s what Wallet’s premium option adds to its basic deal:
Wallet Premium is an in-app feature, which means that you need to sign up to the basic version of the app first and then you can upgrade if you want. Pricing can vary through time, but for now Wallet Premium costs around £4 if you subscribe monthly, or £50 if you subscribe for a whole year.
As Wallet does not allow you to actually spend your money at any point, even if you buy the premium option and synch the app with your bank account, data are accessed in read-only mode, so your money is still as safe as your bank keeps it.
Wallet does not sell or share data with third parties, unless it is necessary to provide its services. In plain English, this means that BudgetBakers may, for example, give your data to the company that provides the servers that make the app work, but will not sell your details to an advertiser.
You can protect the app with a PIN or with your fingerprint, so that, if your smartphone gets lost or stolen, your financial data are shielded by an extra security layer.
If you’re a tech-savvy person who’s simply looking for a budgeting app that helps you save time, it’s difficult to see why you should choose Wallet. Some of the competitors, such as Yolt, allow you to synchronise your cards and accounts with the app for free, instead of paying a monthly fee.
However, some people are not big on automation, especially when it comes to financial data and banking. If you’d rather do your budgeting manually, and are looking to upgrade from your endless Excel spreadsheet to something a little slicker, Wallet by BudgetBakers is worth a try.
Yolt - The smart money app | Free, simple & easy to use
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