PocketSmith Review 2023: My Personal Experience Using PocketSmith

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Pricing
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Features
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User-Friendly
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Support
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Training
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Software
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Budget calendar

Pros

  • Automatic bank feeds
  • Automatic categorization
  • Reliable and easy to use
  • Automatic and manual transaction importing
  • Send expenses to Xero
  • Easy, powerful forecasting
  • Two-factor authentication
  • Find and organize transactions

Cons

  • No Credit Score Monitoring
  • Missing Reconcile Transactions
  • Free Version is for limited time

PocketSmith is the best way to manage your budget and forecast your finances on the web. It's personal finance software that connects you with all of your bank accounts securely, allowing you to track transactions and organize expenses based off their type or category in a simple interface.

Rating
Price:$ 9.95

Are you looking for an Unbiased PocketSmith Review 2023, Don’t Worry! I got you covered.

PocketSmith might be the answer for you if you’ve suffered significant financial setbacks as a result of bad financial organization and planning.

Have you ever lacked organization and made expensive financial mistakes as a result?

Even if you had the money to pay a payment, you might have been hit with fines, interest, or penalties because you didn’t have “your ducks in order.” These things only helped to increase your sense of helplessness.

You can feel perpetually behind financially because you think you never have enough time or space in your calendar to manage your money.

The staff at PocketSmith are aware of your situation and have created a solution to help consumers comprehend and better manage their finances.

If you believe that your ongoing disorganization and lack of financial understanding are keeping you from reaching your objectives, the PocketSmith app might be exactly what you need.

Bottom Line upfront: PocketSmith is a user-friendly and convenient piece of personal finance software that enables you to keep tabs on all of your spending, credit, and investment accounts, in addition to allowing you to make financial projections for the foreseeable future. If you only want to utilize the free edition, however, you will find that its functionality is fairly limited in comparison to that of other free personal finance apps. Get Started with PocketSmith today.

Does PocketSmith have a mobile app

What is PocketSmith?

 

PocketSmith- Overview

PocketSmith is completely cloud-based and does not require the installation of special software, which means can be used from anywhere. The server offers very flexible import options and they can accept bank feeds from 36 countries.

The service is pretty similar to Mint.com, except for the fact that Mint is free, while PocketSmith involves monthly subscription fees, though there is a feature-limited free version available as well.

PocketSmith Features

pocketsmith app reviews Pocketsmith reviews on Google

Since its official launch, PocketSmith has slowly and steadily made its name among the top contenders in its class, thanks to some very useful and efficient finance management tools and features that help you keep a check on your money and manage the future of your finances.

Automatic live bank feeds

PocketSmith has been designed to automatically import your transactions by connecting to over 12,000 globally recognized and reputed financial institutions.

 PocketSmith Review- Live Feeds

Find and organize transactions

The systematic interface of PocketSmith lets you categorize, label, and annotate spending, just the way you want it. You can also use their amazing native search engine to find transactions.

Multi-currency

Track and convert all accounts, assets, and liabilities from different countries as PocketSmith provides automatic currency conversion based on daily exchange rates. There is also exchange rate support for gold, silver, and Bitcoin.

Send expenses to Xero

Users can instantly connect to a Xero account and send expenses over in a couple of clicks. There is no need to sign in or get into any manual entry hassles.

PocketSmith Review– Understand Present Budgeting

Easy, powerful forecasting

Users can create instant cash projections and see daily bank balances for up to 30 years.

Budget Calendar

Poecketsmith allows you to schedule your upcoming bills and budgets in a calendar so you can have a fruitful interaction with your money in a natural manner.

PocketSmith – Smart budgeting

What-if scenarios

A unique and innovative outcome prediction mechanism lets you test your decisions to see future financial outcomes and take the uncertainty out of your planning.

Flexible budgeting

A flexible and user-friendly budgeting system lets you create daily, weekly, and monthly budgets, and more so that you can break your budget down into meaningful periods.

Why do I recommend PocketSmith?

Pocketsmith reviews on Google

There are some very crucial reasons why I would recommend you try PocketSmith app over other finance management apps in the market.

Live Bank Feeds

Though this feature is available only on the Premium and Super packages, you get to connect to more than 12,000 financial institutions worldwide and get automatic live bank feeds.

This includes all major banks in the US, UK, Canada, Australia, and New Zealand. Furthermore, you can import multiple accounts with the same institution and once that is done, your transactions will be automatically categorized.

Multi-currency capability

PocketSmith efficiently supports numerous recognized bank accounts, assets, and liabilities from different countries providing automatic currency conversion based on daily exchange rates. Another big plus is that there’s even exchange rate support for gold, silver, and Bitcoin.

Furthermore, your net worth will be recorded in your base currency while the app shows conversions to the country of your choice, both the native balance for the foreign-based accounts.

Budgeting

You can set up the app any way you desire to create custom flexible budgets for daily, weekly, and monthly time frames. The notifications and financial alerts by the system are also very good and will notify you when you are close to going over your budget.

PocketSmith Review- Grow Your Business

Budget Calendar

PocketSmith makes sure you pay all your bills on time by allowing you to schedule upcoming bills. This feature enables users to prevent cash flow problems in the future.

However, this app doesn’t actually pay your bills for you. It is only a calendar to keep track of when your bills are due.

Projected daily balances 

Forecasting your average balances up to 30 years out is an amazing feature for business owners and investors.

An additional feature of this is the “what-if” scenarios, which can be used to predict uncertainties such as a higher or lower income, or the outcome if you spend less money on goods and services.

Income and Expense Statements

A digitized statement for your income and expenses is the most crucial feature of any finance management app. PocketSmith lets you customize your financial statements to show your income and expenses for any specified time frame.

This feature also has alerts to let you know when you’ve exceeded budgets for individual categories.

PocketSmith Review- Transactions Categorize

Net Worth

Knowing the difference between your assets and your liabilities is very important to calculating your net worth properly. PocketSmith shows you exactly that by enabling you to pull up that information in a matter of seconds.

The app can account for accounts held in foreign currencies thus, working as the best indication of your financial position at any given time.

PocketSmith Review- Saving On the Way

Superfast Search Engine

You can quickly search and access all your transactions, whether old or new without scrolling through long lists of repetitive transactions using PocketSmith’s superfast native finance search engine.

How to Contact PocketSmith

Send an email to [email protected] to get in touch with PocketSmith customer service. Send an email to [email protected] with any bank feed concerns. Additionally, you can use the website’s contact page to file an assistance request.

How can I get started with PocketSmith?

To assist you in getting started with PocketSmith, we have put together a straightforward step-by-step guide.

Click here to see the PocketSmith homepage.

Visit the PocketSmith website and select the “SIGN UP” link. It is located in the top-right portion of the screen.

Select your plan: You must now select the plan you wish to purchase. Choose the basic package if you want to try out the platform initially. Once you’ve become used to all the features, upgrading is simple.

Select a username and a secure password: You must now select a username and a secure password.

Make sure your password is extremely safe because the accounts you’ll be importing to PocketSmith are sensitive. Along with entering your email address, you must also read and agree to the terms and conditions.

Create your dashboard: After creating your account, you must import your accounts. Remember that the basic plan only allows for the import of two accounts.

You may start categorizing your transactions, making budgets, and forecasting once you’ve uploaded your bank account(s). If this is your first time configuring anything, PocketSmith walks you step-by-step through the procedure.

They will demonstrate to you how to set up your dashboard when you choose “demo mode.”

PocketSmith Pricing Plans

PocketSmith offers its customers to choose from three different packages. Each of these packages is priced differently and delivers a unique service.

PocketSmith- Plan And Pricing

1) PocketSmith Basic (PocketSmith Trial)

Price: FREE

This is a feature-limited version in which you can add up to two bank accounts. However, this process is not automatic like the other packages. You will also need to manually import your bank account information into the app. Since this is a basic package, users can only access up to 12 budgets and six months of budget projections.

  • Manual imports
  • 12 budgets
  • 2 accounts
  • 6 months projection

2) PocketSmith Premium

Price: $9.95 per month ($7.49 when paid annually)

This package gives you the automatic bank feed updates feature, along with automatic transaction importing and categorization. This package allows users to add up to 10 accounts to the app and access up to 10 years of budget projections and unlimited budgets.

  • Automatic bank feeds
  • Automatic and manual transaction importing
  • Automatic categorization
  • Unlimited budgets
  • 10 accounts
  • 10 years projection

3) PocketSmith Super

Price: $19.95 per month ($14.16 when paid annually)

As a highlight, this version offers the capability to add and handle unlimited accounts along with the ability to make projections and forecasts of up to 30 years, plus everything available with the Premium service.

  • Unlimited accounts
  • 30 years projection

Visit the PocketSmith Official Website to learn more about their plans, pricing, features, overview, and customizations.

How Does PocketSmith Works?

This all-inclusive budgeting application offers an abundance of options to aid you in tracking and organizing your finances. Despite its complexity, you can begin using it in much less than a minute.

The Procedure for Registration

There are five stages needed in creating a PocketSmith account, but the entire procedure takes only a few seconds (in all seriousness, it took us only about 25 seconds).

You will not be required to disclose any personal information when you sign up for the service, and you will always be free to change your plan, upgrade, downgrade, or cancel the service at any time.

Following the setup of your account, you will be offered three options: importing your information from another site (such as Mint.com), manually adding your bank information and transactions, or taking the tour to gain an idea of how everything works.

I tested by importing data from my Mint.com account in my particular case. I was instructed to export the essential information from my Mint account in accordance with the basic instructions supplied by PocketSmith. After that, I simply uploaded the Excel file to the PocketSmith website.

Pocketsmith Dashboard

PocketSmith-Dashboard

When your account is ready, you will be taken to the dashboard, where you may view your earnings and expenditures. You can view your earlier spending history for up to six months by clicking the corresponding icons (for the free version).

The dashboard also provides an overview of your budget and financial prospects. In a moment, I’ll elaborate a bit more on these.

Administration and Documentation of Financial Transactions

Examine each of your transactions using the chosen technique for transaction management, and then assign each to the proper category and label.

There is no pressure from PocketSmith to conform to categories that are meant for everyone. Additionally, you can add notes to transactions. The search parameters for transactions include an amount, category, tag, and text notation.

After reviewing your total expenditure information, the next step is to create a budget. This might help you uncover problem areas where you may be overspending or underspending.

Quick Links:

PocketSmith Reviews & Testimonials By Users

PocketSmith Review - Social Media Presence

Only financial tool I’ve come across in the past four years that gives you the ability to accurately forecast your accounts in a way that makes sense: graph, calendar and cash flow views in any scenario. – Austen Haines USA

I’ve been using PocketSmith properly for over a year now and must say it has been an absolutely FANTASTIC tool for taking control of my finances and getting a better awareness of my money. –Teddy Dereje New Zealand

PocketSmith Review Reddit

pocketsmith review reddit-

Also, Read:

PocketSmith Alternatives

1) Trim

Pocketsmith Alternative - Trim

Though Trim is a Free Personal Finance Management app, in case if Trim negotiates your bills successfully, Trim will take a huge chunk that is 25% of your first month’s savings, with 256-bit SSL encryption they offer good bank security level and security features including read-only access and two-factor authentication. one just needs to text Trim to get started with their services.

Trim automated the process of finding coupons and applying them directly when you make purchases, they also have a Bill negotiator option that helps automatically negotiates users’ bills like the internet, Cable, etc.

2) CountAbout

Pocketsmith Alternative -CountAbout

CountAbout comes with easily customizable budget features, available on both iOS and Android, CountAbout can be linked with 12,500+ financial institutions, Including Mint.com and Quicken, to provide timely updated financial reports, the pricing range starts at $9.99/year which goes up to $39.99/year.

CountAbout also claims all your data stored with them is encrypted and ensures, no data sharing with external operators or advertisers.

3) YNAB

YNAB - Pocketsmith alternative

One of the most popular PocketSmith alternatives is You Need A Budget (YNAB). Since the software is so goal-focused, it is very helpful for paying off debt. Like PocketSmith, it also consolidates your financial data so you can keep track of expenses and keep tabs on your net worth from a single dashboard.

Furthermore, YNAB has a 34-day free trial period. Following that, it costs $14.99 monthly or $98.99 annually.

FAQs Related  PocketSmith Review

👌 Is PocketSmith safe to use?

According to various users, PocketSmith is a really safe platform to use. Whenever you log in to your account on PocketSmith, your account details always get encrypted which ensures its safety.

✅ How does PocketSmith work?

With PocketSmith, you can see all your financial information at one place. You can see all the details of your bank accounts, investment accounts, loan accounts, and credit cards. With all that information in one place, you can decide what you want to do next with your money.

✔ How much maximum discount can you get on PocketSmith?

You can get up to 30% off on PocketSmith with our link. This discount is only applicable when you choose an annual plan on PocketSmith.

🔥 Does PocketSmith offer any free trial?

They do not offer any free trial but you can choose the basic plan which is totally free of cost and it is very beneficial as well. You can make up to 12 budgets, import manually, and much more.

👍 Does PocketSmith offer any money-back guarantee?

No, they do not offer any money-back guarantee. So it would be best to try out the basic plan first and then upgrade to a paid plan.

Is PocketSmith safe?

When using PocketSmith, your connection is encrypted and never intercepted by anyone. This means that you can use it on public WiFi networks with ease! Our transport security was given an A+ rating from SSL Labs--meaning our encryption methods are strong enough to keep all of the information between us safe.

Does PocketSmith have a mobile app?

The Pocket Smith app is available for both iOS and Android devices. You can find the user guides here: iPhone guide, android guide. The features are very similar between apps so you shouldn't have any trouble with either one!

Where is PocketSmith based?

PocketSmith is made in Dunedin, which is located in New Zealand.

Does PocketSmith sell data?

Your personal information will never be sold by PocketSmith. They reserve the right to aggregate or anonymize financial data by removing any personal information that could identify a specific user.

Final Thought: PocketSmith Review 2023

PocketSmith can be the difference between financial success and failure. If you’re struggling to keep up with your bills, it might not make sense for long-term gain if there are short-term sacrifices involved in this process – but that’s just one decision we have left!

However, its price tag makes PocketSmith less desirable than other competitors who offer the same features at lower prices–it loses points in this regard from me because while I love all that it has to offer, there’s little reason not to just use Mint or another similar service if they’re available and cheaper (unless your employer pays).

If you don’t mind the cost then Pocket Smith is one of the best featured financial aggregators around today!

Feel free to drop your opinions about PocketSmith right in the comment section.

Do share this post on all trending social media platforms like Facebook, Twitter, LinkedIn & Instagram.

Jitendra Vaswani

Jitendra Vaswani is a Digital Marketing Practitioner and renowned international keynote speaker who has embraced the digital nomad lifestyle as he travels around the world. He founded two successful websites, BloggersIdeas.com & Digital Marketing Agency DigiExe of which his success stories have expanded to authoring "Inside A Hustler's Brain : In Pursuit of Financial Freedom” (20,000 copies sold worldwide) and contributing to “International Best Selling Author of Growth Hacking Book 2". Jitendra designed workshops for over 10000+ professionals in Digital marketing across continents; with intentions ultimately anchored towards creating an impactable difference by helping people build their dream business online. Jitendra Vaswani is a high-powered investor with an impressive portfolio that includes Imagestation and Newsmartwave . To learn more about his investments, Find him on Linkedin, Twitter, & Facebook.

9 thoughts on “PocketSmith Review 2023: My Personal Experience Using PocketSmith”

  1. I love having all my numbers in one place. The interface is super slick and simple to use. I can see how much money goes in and out every day! It even notifies me when it’s time to pay bills or make purchases. Thank you – PocketSmith

  2. Pocketsmith has been an essential part of my finances since the day I downloaded it. The lessons are immersive and informative, but also fun to explore. Once you get going, there’s no going back–Pocketsmith will be a trusted companion in your life as long as you save just a little bit here and there.

  3. Pocketsmith is the best for organising your finances. It helps you stay sane by letting you see all of your spending in one place, so it’s easy to figure out what items need more attention and which ones are getting a little too much money spent on them. Plus, they have lots of helpful articles with budgeting tips and other financial experts telling about how to get themselves together before every selfie!

  4. Like many elderly people, I’ve been using Quicken for years. But new products come out every year! Pocketsmith is a powerful new competitor to Quicken with awesome budgeting tools – though it takes some time to get the hang of. It’s worth checking out, as Pocketsmith has one of the best financial projection features around.

  5. I can’t say enough good things about this software. The part that I love is the deep level of detail in the budgeting section. They have a pre-set agenda, but you are able to change it as needed for your business or personal life. It’s super helpful in keeping on track and getting stuff done! The financial projection starts out with some basics, but then becomes incredibly sophisticated and robust after a while of using it. The time spent spreading my work across different budgets has been great for both our business and personal lives, so thank you!

  6. Personally, I like the fact that it’s always there with me. I check my email, lock my phone and things could be out of control but PocketSmith will teach me to save financially.
    I also won’t have to worry about forgetting to pay bills or being late when money gets tight. It’s all right there in one place!

  7. For a company that’s serious about their budgeting and financial projections, Pocketsmith is the way to go. I know how daunting it can be at first, but you get used to its in-depth interface pretty quickly. You spend more time managing your finances with this software than you would if you didn’t have an organizational system, for sure. But once I started getting into the groove of things, things went much smoother. And all without worrying about forgetting anything! It sucks not having any clue what we spent our money on months ago or where it came from originally…I was all over the place before Pocketsmith saved my life

  8. PocketSmith is the solution to your chronic disorganization and lack of financial understanding. If you feel like these two factors are holding you back from reaching your goals, then PocketSmith might be exactly what you need.

  9. PocketSmith is an amazing financial tool with one-star pricing. If you couldn’t get most of what PocketSmith does for free elsewhere, it would stand out as a 5-star product. However, its less desirable than other competitors because of the low price point.

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