Half your money lives in dirhams and half of it lives four thousand kilometres away. Most apps make you pick one. NetWorth+ records the rate you got on the day you sent it, and carries both halves into one number.
One transfer, both sides
How it is recorded
In short
NetWorth+ is a free Android app that tracks money across the currency you earn in and the currency you send home to. A remittance is recorded as a transfer between two of your own accounts rather than as an expense, so your net worth does not drop by five thousand dirhams every payday. Each transfer stores the exchange rate in force on the day it happened, so what you sent in March is still valued at March's rate. It works for AED, SAR, QAR, KWD, BHD, OMR, INR, PKR, PHP, BDT, NPR, EGP and others, and it never asks for a bank login.
Transfers
Not counted as spending
Rates
Recorded on the day, never restated
Home-currency goals
Held in their own currency
Bank login
Never required
The problem
The money is not gone. It is just somewhere your app cannot see, in a currency it does not respect.
Most expense trackers treat a remittance as an outgoing. Send AED 5,000 home and the app records five thousand dirhams of spending — so a month where you saved aggressively looks like a month where you burned through your salary. The category is wrong, the total is wrong, and after six months of that the reports are worth nothing.
The other half of the problem is the rate. You remember that you sent five thousand. You do not remember that you got 22.71 rather than 22.40, and no app that converts everything at today's rate will ever tell you. When the rate moves, your entire history quietly moves with it, and last year's savings appear to change size while you sleep.
How it handles it
Moving your own money between your own accounts is not spending, and NetWorth+ does not record it as such. Your net worth stays flat across a remittance, which is the truth.
Every entry keeps the rate that applied when it happened. Balances convert at today's rate; history does not get rewritten. Last March's transfer is still worth what it was worth last March.
A plot in Kerala priced in rupees, a wedding budgeted in pesos, a house deposit in taka. The goal is held in the currency it exists in, and your dirham contributions convert into it as you go.
The SMS your bank sends when the exchange house takes the money can be read on your phone, with your permission, and arrives in your Financial Inbox with the amount and date already filled in.
In practice
One account for the salary account here, one for the account or the person receiving at home. They can be in different currencies — that is the point.
Enter what left and what arrived. The rate is derived and stored against that entry, so you have a permanent record of what the exchange house actually gave you rather than what the board said that morning.
If the money is for something — a loan back home, a sister's fees, land — send it into that goal, so progress is measured in the currency the goal is priced in.
After a few months the reports show what your average rate has been and how much of your income actually crosses. That is the number worth arguing with, not the rate on any single day.
Compared
| Situation | A typical expense tracker | NetWorth+ |
|---|---|---|
| You send AED 5,000 home | Recorded as AED 5,000 of spending | Recorded as a transfer; spending unaffected |
| The rate moves after you sent | Old transfers silently revalued | The day's rate stays attached to the entry |
| A savings goal priced in rupees | Converted to your display currency | Held in rupees, contributions convert in |
| Money sitting with the exchange house | Invisible until it lands | Can be held as in-transit until it arrives |
| You want your true position | Two apps and a mental adjustment | One figure, both currencies inside it |
None of this requires a bank connection on either side. NetWorth+ does not connect to banks in any country, and it cannot see your transfers unless you record them or let it read the alert message on your phone.
NetWorth+ does not send money, does not compare exchange houses, does not quote you a rate and has no commercial relationship with any remittance provider. It records what you did after you did it. If you want to know whether Al Ansari beat LuLu Exchange last Tuesday, the app can tell you what you got — it cannot tell you what you could have got.
Where this applies
The corridors differ but the arithmetic does not. Dirhams leaving Dubai, Abu Dhabi or Sharjah for Kerala, Kochi, Hyderabad or Manila. Riyals leaving Riyadh, Jeddah, Dammam or Al Khobar for Lahore, Dhaka or Cairo. Dinars leaving Kuwait City, Manama or Doha, and rials leaving Muscat. Each is recorded in the currency it started in and the currency it ended in.
NetWorth+ also covers India, Singapore, Malaysia, the Philippines, Thailand, Vietnam, the United Kingdom and the United States. Currency handling is not limited to the list above — three-decimal dinars and zero-decimal currencies are treated correctly rather than being forced into two decimal places.
Questions
Keep reading
Why the rate is frozen on the day, and what breaks in apps that do it the other way.
Read moreEarning in one currency and saving in another, as a permanent condition rather than a phase.
Read moreRupee alerts, lakh and crore grouping, and what lands on the other side.
Read moreThe first ninety days, before there is anything left over to send.
Read moreDaily cash in, fuel and bike rent out, and what is actually yours.
Read moreSchool fees, groceries and the card that everybody uses.
Read moreRecord the transfer, keep the rate, and stop maintaining a second ledger in your head.
Android. No bank login. No ads. Message reading is optional and off until you switch it on.