If you and your wife share money, you’ve probably lived this life:
- Two bank apps
- A few cards
- A spreadsheet you update when you feel guilty
- And the classic: “Wait… did we already pay that?”
Here’s the clever hack: run your household like a tiny business (minus the stress).
Xero Simple gives you a clean system to track everything, automatically.
Why it works so well
Once your **bank accounts + cards are connected**, Xero pulls in transactions automatically.
Then once a month you just **reconcile** (categorise) them… and suddenly you’ve got:
✅ A proper Profit & Loss (PnL) (aka where the money actually went)
✅ A Balance Sheet (aka what you own vs what you owe)
✅ A real view of cashflow without guessing
It turns “money chats” into “money clarity”.
What you get with Xero Simple (and why it’s perfect for home use)
- Unlimited bank feeds (your main accounts, savings, joint cards — all synced)
- 10 sales invoices/month (perfect for side hustles or odd jobs)
- Receipt & document uploads (PDFs/images attached to transactions)
- Manual journals (for clean adjustments if you’re detail-oriented)
- Fixed assets module (track big purchases properly if you want)
- Tracking categories 1 & 2 (this is the secret weapon)
I use tracking to tag spending like renovations, building projects, holidays, and anything else I want to measure without messing up my main categories.
And no, you can’t create bills on Simple — but for household finances… honestly? You don’t need to.
Quick note: how to actually get Xero Simple
This plan is typically only available via Xero Partners (for example accountants or bookkeepers on a Xero partner subscription).
So the easiest route is:
✅ Speak to any accountant/bookkeeper who is a Xero Partner — they should be able to help you get set up.
If you’re stuck, reach out to me and I can help you get it going.
The best part
For ~£7 + VAT per month, it’s basically a full finance dashboard for your home.
Less chaos.
More control.
And fewer “what happened to our money?” moments.
If you want one tool that makes joint finances feel simple, this is it.
flowchart LR
A[Bank + Card Feeds] --> B[Transactions auto-sync]
B --> C[Monthly Reconcile]
C --> D["P&L + Balance Sheet"]
C --> E["Tracking: Holidays / Renovations / Projects"]