'Pennies' for Apple Watch Makes Budgeting Your Money Simple

MacRumors

macrumors bot
Original poster
Apr 12, 2001
49,688
11,004



While I have tried a variety of personal finance management and budgeting tools on iPhone, iPad and the web in the past, most have been too complicated to become part of my daily routine. Pennies for Apple Watch takes a different approach, however, offering a clean and simple solution for managing your finances on your wrist.

After downloading Pennies from the App Store, open the iPhone app to customize your budget, including name, start date, frequency, currency type, budget amount and money left in your budget at the time of setup. The budget will then automatically appear on Apple Watch, with a Glance view showing your daily amount remaining and the full app providing deeper functionality.

Firmly pressing the Apple Watch using Force Touch in the Pennies app will bring up options for inputting amounts spent or received, alongside a history of your spending and quick access to the Glance view. You can add notes to amounts spent or received by tapping on the label below the dollar figure and choosing from the preset options or using Siri to set your own.

With color coded rings that appear green when you are well within your budget, and red when you are getting close to your spending limit, Pennies for Apple Watch is a simple and convenient way to manage your finances on the go. If you are at a shopping mall, for example, you can easily input amounts spent at each store without needing to take your iPhone out of your pocket.

Pennies for Apple Watch is $2.99 on the App Store.

Article Link: 'Pennies' for Apple Watch Makes Budgeting Your Money Simple
 

iConnected

macrumors 6502a
Feb 17, 2011
662
406
I struggle to reconcile the benefits of this app with my perception of the typical Apple Watch buyer ;)
 

spiderman0616

macrumors 68040
Aug 1, 2010
3,760
4,144
I want Mint to make something that's more useful on the watch--like a way to quickly to check my balances at a glance without checking my phone. Right now it doesn't really do that.
 

emilebennett

macrumors newbie
May 14, 2015
2
0
Hi Guys, I thought I'd pop my head up and say hi - I'm the sole designer & developer behind Pennies, it's great to get close to the community and understand what you all want and need out of the app.

I totally agree that features like 'Notes' were a long time coming. A lot of this was simply down to lack of sales to pay for development work. Pennies has had a new lease of life and I'm working almost full time now finessing and extending it to be the most simple, and powerful budgeting app for everyday people.

As a true indie dev, there is so much work to do it's hard to keep up with request for features, and also hard to remain true to the vision for Pennies - total simplicity. But, I am here, I'm working hard and I'm listening...

Thanks for all the support so far, and lets hope sales keep up so I can keep working on my baby!

Cheers

Emile
 

DavidTheExpert

macrumors regular
Apr 20, 2012
199
349
Joe, thanks for sharing these Watch apps that you've been finding. It's hard to find good ones since the userbase is still relatively very small. These are very useful as page-2 stories.
 

iConnected

macrumors 6502a
Feb 17, 2011
662
406
What about a college student or med student that gets one as a present from their parents?
As well as an iPhone? (required for the vast majority of Apple Watch functionality).

Perhaps so. But they still wouldn't be "typical" Apple Watch buyers.
 

lazyrighteye

macrumors 68000
Jan 16, 2002
1,960
757
Denver, CO
I want Mint to make something that's more useful on the watch--like a way to quickly to check my balances at a glance without checking my phone. Right now it doesn't really do that.
Agree. My budget monitoring is well entrenched in Mint. For me, it's the best money management app I've tried to date. Their Watch offering, however, is wrought with opportunity. Current experience feels very "Look, we're on Watch!" Lacks meaningful substance.
 

emilebennett

macrumors newbie
May 14, 2015
2
0
I appreciate Joe is highlighting the Watch extension in his article, but people with the expendable income who have a shiny Watch on their wrist need to budget too... there's the old saying 'look after your pennies and the pounds will look after themselves'. People don't get rich just by spending ;)

And let's not forget...it's an iPhone app too!
 

tennisproha

macrumors 65816
Jun 24, 2011
1,281
775
Texas
I struggle to reconcile the benefits of this app with my perception of the typical Apple Watch buyer ;)
ballin on a budget? lol

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I appreciate Joe is highlighting the Watch extension in his article, but people with the expendable income who have a shiny Watch on their wrist need to budget too... there's the old saying 'look after your pennies and the pounds will look after themselves'. People don't get rich just by spending ;)

And let's not forget...it's an iPhone app too!
good point and well said.
 

spiderman0616

macrumors 68040
Aug 1, 2010
3,760
4,144
Agree. My budget monitoring is well entrenched in Mint. For me, it's the best money management app I've tried to date. Their Watch offering, however, is wrought with opportunity. Current experience feels very "Look, we're on Watch!" Lacks meaningful substance.
Yep--in fact, it's so lacking that I removed it from my Watch completely. I use Mint MAINLY to check all my balances. If I can't do that, I don't need it. I think that would have been the main thing I would have wanted to have it do were I on their development team for the Watch. Unfortunately, I do not have the knowledge or talent. :)
 

PilotC150

macrumors regular
Apr 24, 2015
155
249
My problem with Mint is that it assumes your budgeting happens between the first day and last day of the month. I get paid twice a month (the 15th, and the last day of the month) so that doesn't work for me at all. Plus, my family does our budgeting starting on the 15th, and go through the 14th of next month. If this budgeting app will allow for that type of functionality we might have to give it a try.

Right now we're using a custom web app that I wrote to keep track of expenses, but this might be able to replace it, especially if multiple people can all hook into the same account/budgets.
 

spiderman0616

macrumors 68040
Aug 1, 2010
3,760
4,144
I struggle to reconcile the benefits of this app with my perception of the typical Apple Watch buyer ;)
How very judgy of you. I would have never been able to just casually give Apple $400 for a new watch. I had been hoarding gift cards for months in order to get this thing, and could never have just simply deducted it from the bank account.

We also use trade in credit from our old iPhones to pay for our new iPhones every two years, and some iPhone models that are compatible with the Apple Watch are now basically free on contract.

Maybe I'm not typical, maybe I am. I acknowledge that looking at my signature makes it seem like I have a house full to the top with Apple gear, but that's not the case. I buy things when there are good refurb deals or when I can sell an old model to get at least decently close to the value of the new one. A lot of people do it this way because Apple stuff retains its value so well.

----------

My problem with Mint is that it assumes your budgeting happens between the first day and last day of the month. I get paid twice a month (the 15th, and the last day of the month) so that doesn't work for me at all. Plus, my family does our budgeting starting on the 15th, and go through the 14th of next month. If this budgeting app will allow for that type of functionality we might have to give it a try.

Right now we're using a custom web app that I wrote to keep track of expenses, but this might be able to replace it, especially if multiple people can all hook into the same account/budgets.
Yeah--I don't put any stock in what Mint tells me as far as budgeting. I just like that it aggregates all our accounts into one place so I can look at balances.
 

tongxinshe

macrumors 6502a
Feb 24, 2008
846
379
It's strange to know someone buys luxury items like smartphones and smartwatches, while at the same time tries to save pennies in this day-to-day life.
 

C DM

macrumors Sandy Bridge
Oct 17, 2011
49,875
18,367
It's strange to know someone buys luxury items like smartphones and smartwatches, while at the same time tries to save pennies in this day-to-day life.
So because someone might have money to spend on something that isn't inexpensive, that means they shouldn't manage their money? And even beyond that, even if someone can spend money on more expensive things, does that mean they shouldn't look for good deals and just pay whatever instead of perhaps paying less when they can?
 

monaarts

macrumors 65816
Jan 16, 2010
1,164
50
Kennesaw, GA
I struggle to reconcile the benefits of this app with my perception of the typical Apple Watch buyer ;)
I budget everything, including spending money for things like my iPhone or Apple watch, and I'm Apple's typical buyer. Just because I make enough money to spend it carelessly if I chose to doesn't mean I will. I'm saving for early retirement, my kids education, vacations, paying off my house early, etc

If anything, I think your comment shows how financlky irresponsible you are.
 

knemonic

macrumors 6502a
Jan 14, 2009
681
150
The convenience of this is superb, I've been using a simply checking account app to keep a budget and just replenish it each week, this is much simpler.
 

Rufuss Sewell

macrumors 6502
Jun 25, 2010
277
192
Austin, TX
Are you guys for real?!?

I thought everyone was trolling but now I'm starting to think you're serious.

Obviously people who can afford an Apple Watch and iPhone are pretty good at managing their money. This app helps people manage their money.

In other words, people with an Apple Watch are the perfect target market for this app.

If you don't need this app (or something like it)... because you don't care to manage your money... I can make a pretty safe bet that you also can't afford an Apple Watch.
 

jayducharme

macrumors 68040
Jun 22, 2006
3,695
3,486
The thick of it
This looks like a more useable distillation of a typical spreadsheet app. I like how it was adapted for the Watch.

But I wonder why the numeric keypad is laid out that way. Why not stick with a standard calculator layout? It seems like I'd be second-guessing every number I enter because they're not arranged like I'm used to.
 

gorkt

macrumors 6502a
Sep 15, 2007
591
293
I LOVED the original Pennies app on the iPhone. I am so glad it made it to the watch!
 
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