What Is PocketSmith

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PocketSmith is a financial management platform founded in 2008 by three New Zealand entrepreneurs, Jason Leong, Francois Bondiguela, and James Wigglesworth. The idea for the app came when these three individuals recognized the need for a platform to provide people with a comprehensive overview of their finances while offering valuable insights and tools to help them better manage their money.

The goal of PocketSmith was to create an innovative solution for personal finance management. Instead of just tracking expenses and budgeting, the founders wanted to offer users a way to visualize their finances and the user’s net worth in a calendar-like format.

This unique approach allows users to better understand their cash flow and make more informed decisions about their spending habits. Here is a PocketSmith review going into what the platform has to offer.
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PocketSmith Features

PocketSmith is a personal finance management tool that offers a comprehensive set of features to help users manage their money effectively. Here are some of the key features that make PocketSmith stand out from other financial management tools:

Future Financial Forecasting

One of the standout features of PocketSmith is its ability to project your financial future with unprecedented accuracy. With the capacity to forecast up to 30 years, this app enables you to make financial projections that can serve as a guiding light in your long-term financial planning.

Bank Integration

PocketSmith understands that time is a valuable commodity. It offers seamless integration with over 12,000 global financial institutions, eliminating the hassle of manual data entry and transfers. This feature empowers you to effortlessly arrange and review your transactions, providing a clearer picture of your spending habits.


Security is a top priority when it comes to managing financial data, and PocketSmith takes this seriously. It employs two-factor authentication (2FA) to provide an added layer of protection for your account. With 2FA, even if someone gains access to your password, they won’t be able to enter your account without your mobile device. This additional security measure is highly recommended to safeguard your financial information.

Budget Calendar

The PocketSmith budgeting calendar is designed for ease of use. It helps you identify and track your recurring expenses, allowing you to plan your projected expenses with precision. These expenses can be color-coded by category, and you can create your custom categories. The budget calendar performs calculations almost instantly, saving you time and effort.

Scenario Testing

PocketSmith’s scenario testing feature is a valuable tool for planning your financial future. It allows you to simulate the impact of different life decisions on your finances, giving you insights into the short and long-term effects of your choices. By creating multiple scenarios for various expenses, you can test your budgetary limits ahead of time, helping you make informed decisions and avoid overspending.

Mobile Support

PocketSmith offers a mobile app for both Android and iOS devices, allowing you to manage your finances on the go. While the mobile app is a valuable companion to the web and desktop versions, it may not offer every feature available on those platforms. For a comprehensive experience, the desktop version is available for Mac, Linux, and Windows.

Multi-Currency Support

For those with financial dealings in multiple countries and currencies, PocketSmith provides robust multi-currency support. It seamlessly integrates bank accounts, assets, and liabilities from different nations, automatically converting balances based on daily exchange rates. This feature is not limited to traditional currencies; it also extends to assets like gold, silver, and even cryptocurrencies such as Bitcoin.

PocketSmith Pricing Options

PocketSmith’s pricing model offers a range of options, but not all are created equal. The free plan, touted for “casual budgeters,” disappoints by requiring manual data entry and limiting users to tracking only two accounts. Consider alternatives if you want more functionality for free.

The Premium plan, priced at $9.95 per month, is a popular choice. It provides automatic bank feeds and transaction categorization and supports foreign currency conversion. You can set unlimited budgets and project your finances up to ten years into the future. Savings of 16% and 24% can be had with quarterly and annual plans.

For power users, the “Super” plan removes all restrictions, making it ideal for managing over ten accounts and enabling micromanagement with a 30-year forecast feature. Monthly, quarterly, and annual payment options are available, offering savings of up to 29%.

Is PocketSmith Right for You?

PocketSmith is not your run-of-the-mill finance tracking app. It goes far beyond basic day-to-day spending tracking. This app empowers users to take their finances to the next level by offering a range of features and tools designed to provide a comprehensive understanding of their financial situation.

While the cost might deter some potential users, the benefits offered by PocketSmith may well justify the investment. It’s a powerful tool that can help you make informed financial decisions and achieve your financial goals.

If you’re looking to enhance your financial management, consider giving PocketSmith a try. Click here to sign up for a free account today and explore its features. As a special offer, use our coupon code link to save 50% on the first 2 months of the premium subscription. So, if you’re serious about taking your finances to the next level, PocketSmith might be the perfect choice for you.
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