PINCH & PROSPER Frequently Asked Questions
What types of Assets, Liabilities, Income Sources, and Goals can we capture?
The selection varies based on the home country for each plan. For Multi-Region plans; also called ‘Expat’ plans for those planning live abroad; you can use a mix of record types from each country
Assets range from generic to country-specific banking, retirements, savings, and investment accounts
For example… In Australia, you may wish to capture your accounts for Everyday Account (Chequing/Transaction/Current), Defined Benefit Account (mostly legacy/public sector), Account-Based Pension (ABP) (or Allocated Pension / Retirement Income Account), etc.
Liabilities range from common expenses like groceries and utilities, but also include more specific concerns like insurance, homeowner fees, and more
For example… In Australia, you might capture payments for Private Health Insurance from providers like Bupa, membership fees for Metro / Cash & Carry Wholesalers, along with more typical things like spending at your local Grocery store like Woolworths, Coles, etc.
Income Sources range from Job income and pensions to side-hustles
For example… In Australia, you could account for Age Pension, Rent Assistance, Rental Income, income from your private pension, etc.
Goals range from holiday savings, travel expenses, and opportunities to prepare for surprise expenses
Do I need to link my bank accounts?
No, and we don’t recommend connecting your financial accounts to any service. While it may save a little time, it’s not worth the risk. Keep your records safe and secure
Is Pinch & Prosper a budgeting app?
No. It’s a self-guided retirement planning tool designed to assists you in closing the gaps in your financial and retirement plans. No spreadsheets, no panic or pressure. No spiritual financial gurus to trick or confuse you. We’ll shine a light on key details and concerns so you can decide how to handle things in the future
What if I live or plan to retire in more than one country?
Whether you are an Expat living abroad full time or someone living abroad for select seasons, Pinch & Prosper supports multi-region and multi-currency planning, so your plan reflects how you actually live
Do I need a professional Financial Advisor?
The legal and practical definition of a ‘Financial Advisor’ varies widely from country to country so make sure you have a clear view of the term as you navigate the topic. Depending on the complexity of your situation; if you feel like you cannot handle your own Plans; you might want to find Professional assistance. Regardless, you’ll still need to gather your details and become informed on key topics and concerns so you can ensure your Plans are handled reasonably. We can help you get started and then you can Invite a Professional advisor into your Plan
How many of my details are required?
The more you put into your plan the more realistic the results will be. We encourage members to take the time to add as many of the incoming and outgoing financial and benefit concerns as they have (or can predict). With that said… We do not need any personal details about your identity and there is no need to supply information on your personal financial accounts, keep those details safe
Can I share my plan with others?
Whether it is your Family, Accountant, or Professional Financial Advisor, you can securely share your plan as needed and revoke access at any time
Can I share my plan with someone I trust?
Yes. You can securely share your plan with family members or a financial professional and revoke access at any time
TLDR?
Lol… Not everything can be explained in a couple words but we try to keep things from being too long
If you’ve been putting this off, you’re not alone
Most people don’t avoid retirement planning because they don’t care. They avoid it because it feels overwhelming, intimidating, or loaded with pressure they didn’t ask for
You’re expected to understand projections, assumptions, and long-term trade-offs, often through tools that feel cold, complicated, or trying to sell you something. That’s enough to make anyone step back
Pinch & Prosper was built for people who feel stuck at the starting line. Not to rush you. Not to lecture you. But to help you see where you stand, clearly and privately, so you can decide what comes next
