PocketSmith Review: Master Your Finances with Powerful Forecasting

In an increasingly complex financial world, managing your money effectively requires more than just tracking expenses; it requires a comprehensive understanding of your financial future. PocketSmith is a robust budgeting and financial forecasting app designed to give you a holistic view of your finances, empowering you to plan, set goals, and make informed decisions about your money. In this comprehensive review, we’ll explore the features, benefits, and overall user experience of PocketSmith to help you determine if it’s the right tool to help you achieve your financial goals.

PocketSmith Overview:

PocketSmith is not your typical budgeting app; it takes the concept of budgeting to a new level with its advanced forecasting capabilities. It connects with your bank accounts, credit cards, and other financial institutions to automatically track your transactions. However, what sets PocketSmith apart is its ability to project your financial future based on your current spending habits, income, and savings goals. It provides a unique perspective that enables you to make long-term financial plans and better understand the impact of your decisions on your overall financial health.

Key Features:

Account Aggregation:
PocketSmith allows you to connect all your financial accounts, providing a centralized platform to track your income, expenses, and assets. This feature eliminates the need to manually input transactions, saving you time and ensuring your financial data is up to date.

Categorization and Visualization:

PocketSmith automatically categorizes your transactions, helping you understand where your money is going. The app provides customizable categories, allowing you to fine-tune your budget and gain insights into your spending patterns.

Budget Creation:

Creating a budget in PocketSmith is a breeze. You can set spending limits for each category and adjust them as needed. The app tracks your progress and sends alerts when you’re close to exceeding your budget, helping you stay on track.


PocketSmith’s forecasting feature is its standout offering. It allows you to project your financial future based on your current habits. You can see how your bank balance will likely evolve over time, providing a clear picture of your financial outlook. This feature is especially valuable for setting long-term goals, planning for major expenses, or adjusting your spending to meet specific objectives.

Scenario Planning:

PocketSmith enables you to create different scenarios to explore “what-if” scenarios. You can simulate changes in income, expenses, or goals to understand their impact on your finances. This feature is particularly helpful for making informed decisions about major life changes, such as buying a house, changing careers, or starting a family.

Cash Flow Calendar:

The app includes a cash flow calendar that shows your expected income, bills, and expenses over time. This calendar helps you anticipate your financial commitments and manage your cash flow effectively.

Net Worth Tracking:

PocketSmith allows you to track your net worth by including your assets (such as property and investments) and liabilities (such as loans and credit card debt). This feature gives you a comprehensive view of your overall financial health.

Goal Setting:

You can set specific financial goals in PocketSmith, such as saving for a vacation, paying off debt, or building an emergency fund. The app tracks your progress toward these goals, helping you stay motivated and focused on your objectives.

Benefits of Using PocketSmith:

Long-Term Planning: PocketSmith’s forecasting feature is its most significant advantage. It empowers you to plan for your financial future, making it an excellent tool for individuals who want to set and achieve long-term goals.

Visibility and Transparency: The app provides a clear view of your financial situation, helping you understand where your money is going, how your decisions impact your finances, and what you need to do to improve your financial health.

Flexibility: PocketSmith’s scenario planning feature allows you to explore various financial scenarios, enabling you to make informed decisions about major life events or changes in your financial situation.

Customization: The app’s customizable categories, budget limits, and goal-setting capabilities ensure that PocketSmith adapts to your unique financial needs and objectives.

Time-Saving: The automatic transaction tracking feature eliminates the need for manual data entry, saving you time and reducing the risk of errors.

Comprehensive View: PocketSmith not only tracks your daily spending but also considers your assets, liabilities, and net worth, providing a holistic view of your financial health.

User Experience:

PocketSmith’s user interface is clean, intuitive, and easy to navigate. The app’s dashboard provides a quick overview of your financial situation, including your account balances, upcoming bills, and spending trends. The forecasting and scenario planning features are user-friendly, allowing you to create and explore different scenarios effortlessly.

While the app offers a robust set of features, some users may find the learning curve slightly steep, especially when setting up custom categories or fine-tuning their budgets. However, the effort is well worth it, as the app’s capabilities provide a level of financial insight that few other budgeting apps can match.


PocketSmith offers multiple pricing tiers, including a free plan with limited features. The premium plans, known as “Premium” and “Super,” unlock advanced features such as unlimited accounts, more forecasting periods, and priority customer support. While the free plan is a great way to explore the app’s basic functionality, serious budgeters and individuals seeking comprehensive financial planning should consider upgrading to a premium plan.

PocketSmith is a game-changer for individuals who want more than just basic budgeting. Its advanced forecasting, scenario planning, and long-term goal-setting capabilities set it apart from traditional budgeting apps. While the learning curve might be slightly steep for some users, the valuable insights and financial planning tools it offers make it a worthy investment. If you’re serious about mastering your finances, setting ambitious goals, and gaining a comprehensive view of your financial future, PocketSmith is an excellent choice that can help you achieve these objectives and take control of your financial destiny.