If you want to understand how a particular financial decision can impact your future, PocketSmithВ offers a вЂњwhat ifвЂќ analysis to do exactly that. While budgeting usually focuses on the month-to-month, PocketSmith is unique in helping you understand how decisions impact your longer-term financial future. PocketSmith can forecast cash balances up to 30 years in the future by learning about your income and expense patterns. One of PocketSmithвЂ™s unique features is that it can help you create a personal financial forecast. While PocketSmith certainly gets the job done, other net worth tracking toolsВ are a bit more visual and offer more detail on your net worth. Net worth tracking helps you track your financial progress over time вЂ“ just one more tool to help you stay on track. It very clearly lays out what you own vs.

PocketSmith offers an easy-to-understand net worth tracking dashboard. Plus, if you want to track your cash flow over time (including historical and forecast), PocketSmith even offers a cash flow statement that you can export to Excel for further analysis! Net Worth Tracking So, if youвЂ™re a side hustler, for example, itвЂ™s possible to review just the income and expenses for this part of your financial life to see if youвЂ™re making money.ДЄgain, customizability is the standout feature! Plus, itвЂ™s totally customizable! You can even see if specific projects are making or losing money. The PocketSmith income and expense statements will enable you to easily compare your income to your spending to see if youвЂ™re on track. PocketSmith allows you to do exactly that for your finances. If youвЂ™ve ever looked at a companyвЂ™s financial statements, youвЂ™ll know they use an income statement to track income and expenses. That means no matter where you live, you can make PocketSmith work for you.Д¬heck out the complete list of banks which support PocketSmith bank feeds here. PocketSmith links to over 12,000 banks across 49 countries. PocketSmith allows you to link all of your bank accounts, making it easy to track all of your accounts in one place. LetвЂ™s cover some of the unique features of PocketSmith and how it can help you get the most out of your money! Automatic Bank Feeds Once connected, PocketSmith can help automatically categorize your data and show you key trends.ДЇrom there, itвЂ™s easy to create your budget and view your financial forecast, customizing the service as you see fit. PocketSmith uses two data providers, Yodlee and Salt Edge, to help link to your financial data. Start by signing up for PocketSmith, which takes mere minutes.ДЄfter signing up for PocketSmith, youвЂ™ll want to link your bank accounts. Getting started with PocketSmith is easy. PocketSmith, like many other budgeting apps, works by linking to your financial data so you can track your spending, make smarter money decisions, and more. But first, letвЂ™s cover how PocketSmith works. As part of this PocketSmith review, I will share what makes PocketSmith so unique.

PocketSmithвЂ™s team is constantly improving the product to make it better for users. ItвЂ™s often the tool that people graduate to once they start to get the hang of their finances. What they ultimately came up with is one of the most customizable budgeting tools available. PocketSmithВ is a budgeting tool that offers many other personal finance tracking features.ДЇounded in 2008, the creators of PocketSmith aimed to create a financial tool that would accommodate everyoneвЂ™s unique money management style. PocketSmith Review: A Summary What is PocketSmith?

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