Money management application that can help you in tracking your net worth

by John Smith Learner

Money is what drives us; it's almost impossible to go a day without spending it. Wake up in the morning and switch on the light or kettle—you're spending money! However, understanding and organizing your money is one of the most significant pain points in many people's lives and often not taught well enough in our formative years.

Many people are aware they have money leaks in their monthly spending habits but don't know where, and therefore they struggle to progress towards their savings goals or pay off debt. That's where Pocketsmith can help.

Pocketsmith wants to help people take better care of their finances and empowers them using visual cues to help them understand how their spending actions today will affect their long-term financial future.

Quick selling points

● A financial management app that focuses on your spending behaviour

● Free download and money management tools

● Affordable monthly pricing plans for upgraded features

● It can help you understand your spending better

If this seems like a fantastic piece of technology, keep reading the review, which details how https://www.pocketsmith.com/tour/net-worth/ works and whether you might benefit more from the free or upgraded version of the software. However, if you're not bothered by manual entry, you'll probably be impressed by the handy free tools. Alternatively, some people love the benefit they see from the visualizations cues, and for them, the monthly price tag may prove worthwhile.

PocketSmith: What is it?

PocketSmith is a financial management app to get you to modify your spending behaviour. Unlike most apps, PocketSmith uses essential forecasting. In a nutshell, you can, in real-time, see how the actions you take today will translate into debt or savings in the future. That "must-have" $5.00 a day coffee habit. By curbing it, that's a potential $150.00 towards debt repayments or your savings. Or $150.00 more on your credit card!

PocketSmith isn't just a run-of-the-mill financial tracking app. They also offer a section on how to budget. Additionally, it provides helpful insights into how you're tracking relative to your budget. More importantly, they provide insights into how your spending compares to your income.

A game-changer: Forecasting and Categorizing features

PocketSmith gives a unique level of insight into your finances through its forecasting and categorization features. Even if you don't pay for an upgrade, PocketSmith will forecast your net worth up to six months in advance.

Another powerful feature is the robust categorization system in PocketSmith. You can add comments, pictures, tags, and more to make categorization easy. However, this feature forms part of the paid upgrades.

Should you download and use PocketSmith?

The short answer—yes! Even if you only use the free features, it's a robust and visually compelling financial app that will help make you more aware of your finances and make it more exciting.