PocketSmith

Saving money is never easy because we always want that extra burger or buy that video game which we'll never play. PocketSmith can help you organize your finances in a simple and convenient way. It draws a clear picture of where your money is coming from and where it's going, but it can also predict your budget, based on your current earnings and spending habits. A lot of people tell you that if you quit smoking, you will gather enough money for a car of a vacation, but PocketSmith can show you the actual numbers. It can tell you what you can afford or not, how a major expense can affect your future budget and much more.

There are two payment plans to choose from, as well as a free one. Furthermore, PocketSmith is available as a web app, as well as a desktop application. You must create an online account, regardless of which one you decide to use, which should only take a few seconds. The desktop application comes in a small package, you can install it quickly, without having to meet any special requirements.

There's a wealth of information to find on PocketSmith's user interface. Of course, you must input your earnings and expenses first, so that the program would have something to work with, but you can also switch to demo mode, to load some sample data, and see how the software handles the available information. When you run the program, you start with a dashboard, which presents an overview of your finances. This includes a net worth forecast, presented as a graph, a pie chart with earnings and expenses, as well as accounts, recent activity, active budgets and other important pieces of information. A lot of these details are presented as links, which take you to other sections of the interface, where you will find more information about the item you've clicked on.

The software lets you create entries for all your bank accounts and transactions on separate pages. You can specify numerous details when defining an expense or earning, including merchant, category, type, date and others. Each transaction can be attached to a specific bank account or credit card, and the best part is that PocketSmith will automatically process the new data and update all graphs, charts and statistics on its user interface.

One of PocketSmith's major advantages is its forecast capabilities. Based on your earnings and spending habits, the software will tell you how much money you will have set aside in a couple of months and even years. You can get cold hard numbers in a table, but you can also view the information in a graph, which draws a clear picture of your future budget. This is a great way to plan ahead for major expenses. If you want to buy something or go somewhere nice for the summer, you can look over the graph and see when you will be able to afford it. Also, if you spend money in the meantime, the software will update that graph, so you can see how it will affect your budget in the long run.

If you plan to go on a vacation or buy a new car, PocketSmith's smart functionality will help you figure out when you will be able to afford it and how you can set money aside more efficiently.