Deco
Deco is a free personal finance app for iOS that automates budgeting by reading bank statements and categorizing transactions. It generates a realistic spending plan based on six months of actual spending, with recent months weighted more heavily. The app also provides a comprehensive net worth tracker that aggregates bank accounts, investment holdings (with live pricing), real estate, vehicles, and liabilities into a single honest number. Beyond budgeting, Deco detects recurring expenses like subscriptions you may have forgotten, helping users cut unnecessary costs. It includes goal and debt management features, allowing users to set savings targets (e.g., a house, car, or vacation) and track debt repayment progress. The app splits spare income across goals and shows monthly progress. Deco is designed with privacy as a core principle, offering two privacy modes so users can choose how much data they share. Currently, users import transactions manually by uploading bank statements, but live bank, broker, and crypto wallet sync is planned. An AI-powered advisor feature is also announced for future release, promising personalized insights on salary competitiveness, rent comparisons, unclaimed benefits, and refinancing opportunities. The app is free to use and available on the iOS App Store. It targets individuals seeking a hands-off budgeting solution that combines net worth tracking, automatic expense categorization, and proactive financial guidance without requiring manual budget creation.
- Category
- Analytics
- Pricing
- Free
Problem solved
Deco eliminates the manual effort of creating and maintaining a budget by automatically analyzing transaction history to generate a realistic spending plan, while providing a comprehensive view of net worth and financial health.
Use cases
- Automatically generate a monthly budget based on past spending
- Track net worth by aggregating accounts, assets, and liabilities
- Identify and cancel forgotten recurring subscriptions
- Set savings goals and allocate spare balance to them
- Monitor debts and payment progress
- Get personalized financial advice and alerts (upcoming)
Audience
- Business Users
- Hobbyists
Pros
- Free to use
- Automatic budget generation
- Net worth tracking with live asset prices
- Recurring expense detection
- Privacy by design with optional enhanced privacy mode
Cons
- iOS only (no Android or web)
- Manual transaction import required (bank sync planned)
- Limited to personal finance, no business features
- Relatively new app with small user base
- No investment advice or tax optimization
Official website: https://usedeco.app/
Canonical LambdaBase page: https://www.lambdabase.com/tools/deco