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Pocketsmith Review: A Comprehensive Look at This Personal Finance Tool

Pocketsmith Review: A Comprehensive Look at This Personal Finance Tool

Are you tired of struggling to keep track of your finances? Do you want to take control of your money and achieve your financial goals, but don't know where to start? Look no further than Pocketsmith, the personal finance tool that can help you manage your money and plan for the future.

In this Pocketsmith review, we'll take an in-depth look at what this tool has to offer and why it's worth considering for anyone looking to improve their financial situation.

What is Pocketsmith?

At its core, Pocketsmith is a budgeting and financial planning tool comparable to the likes of YNAB, or Tiller Money. It helps you track your spending, create a budget, and plan for the future. But it's so much more than that. With Pocketsmith, you can:

  • Connect your bank and credit card accounts and see all your transactions in one place
  • Use the budget planner to set spending limits for different categories and track your progress
  • Set and track financial goals, such as saving for a down payment on a house or paying off debt
  • Create and manage a calendar of upcoming bills and income
  • Generate reports and charts to see where your money is going and how you're progressing toward your goals

But that's just the basics. Pocketsmith has many other features that make it a powerful tool for managing your money.

Advanced Features

One of the standout features of Pocketsmith is its forecasting capabilities. This allows you to see how your future financial decisions will impact your financial situation. For example, you can see how much money you'll have left after paying your bills next month, or how much you'll have saved for retirement in 10 years.

This can be incredibly helpful for making decisions about spending and saving. For example, if you're thinking about taking out a loan or making a big purchase, you can see how it will affect your budget and whether you'll be able to afford it in the long run.

Pocketsmith also has a feature called "Cash Flow Forecast" that shows you when you'll have money coming in and going out. This can be useful for planning your spending and avoiding overdraft fees or missing bill payments.

In addition, Pocketsmith has a number of other advanced features, such as the ability to:

  • Create and manage multiple budgets
  • Track your net worth and see how it changes over time
  • Import transactions from other financial tools, such as Mint or Quicken
  • Create and track investment portfolios
  • Create and manage multiple calendars, such as a personal calendar and a business calendar

Pocketsmith Pricing

Pocketsmith does offer a basic plan for the ‘casual budgeter’, but to unlock the features mentioned above, there are two subscription packages:

  • Basic plan: which costs $9.95 per month, or $84 per year if you pay annually. This plan includes all the basic features mentioned above, such as budgeting and financial planning, as well as the ability to connect multiple banks and credit card accounts.
  • Pro plan: which costs $19.95 per month, or $168 per year if you pay annually. This plan includes all the features of the Basic plan, plus advanced features such as extended forecasting and cash flow forecasting, as well as the ability to import transactions from other financial tools and create and manage investment portfolios.

Pocketsmith also offers a discount for students, as well as a discount if you pay a year in advance.

Is Pocketsmith worth it?

Based on our review, we believe that Pocketsmith is definitely worth considering if you're looking for a tool to help you manage your finances and achieve your financial goals.

Here are a few reasons why:

  • Offers a wide range of features, from basic budgeting and financial planning to advanced forecasting and investment tracking. This makes it a versatile tool that can meet the needs of many different users.
  • User-friendly and intuitive. It has a clean, simple interface that makes it easy to navigate and use. Plus, the forecasting and cash flow forecasting features are particularly helpful for making informed financial decisions.
  • Reasonable pricing, with a free 30-day trial and two subscription options to choose from. The Basic plan is reasonably priced, and the Pro plan offers even more advanced features at a reasonable cost.

If you're looking to take control of your finances and plan for the future, give Pocketsmith a try. With its comprehensive set of features and affordable pricing, it's a valuable tool that can help you improve your financial situation. Give it a try now by Clicking Here and see the benefits for yourself!

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