PocketSmith is an app that can teach you how to understand your finances and save money

Everyone's money saving habits are different. (We're looking at you, millennials.)

Whether you rely on the help of an app, use an Excel spreadsheet, or balance your books the classic pencil and paper way, managing your cash flow is one of the most important ways to keep track of your spending habits.

If you're looking for some help that feels customized, without the pressure of working with a real-life financial advisor, a subscription to PocketSmith could be a good option.

Similar to apps like Mint and Quicken, PocketSmith gives you a comprehensive look at your entire financial picture, including your bank, credit card, and loan accounts. 

Here's an overview of the app's main features:

1. Accounts and transactions

One of the most helpful ways of gaining control over how you spend is watching it happen live. With PocketSmith, you get automatic live bank feeds which import your transactions by connecting to some 12,000 institutions worldwide (even if you think your bank is pretty obscure). You can categorize, label, and annotate all your transactions, organizing everything in the way that makes the most sense to you. And for those times you travel, PocketSmith lets you track your accounts, assets, and liabilities while abroad, and even helps with automatic currency conversion based on daily rates.

2. Budgets and planning

Unlike other apps, PocketSmith does an incredible thing by actually helping you project your bank balances up to 30 years into the future. That way, you can figure out what you need to do to get to where you want to be — fiscally speaking, of course. You can even test your decisions to see future financial outcomes, schedule upcoming bills, and break your budget down if your cash flow tends to fluctuate.

3. Reporting

It's helpful to be able to locate everything you need in one spot, and that's what PocketSmith does with its centralized dashboard. You even get a macro picture of your finances with a summation of your net worth (what you own, and what you owe), and reports on what you've earned and spent within specific time frames.

4. Security and sharing

Already using other apps? No worries: You can import from an app like Mint using the express migration tool to easily bring all your accounts, transactions, and categories over. There's two-factor authentication to protect your information and an email notification schedule as determined by you. Still need someone to take a look at what's going on? You can invite another PocketSmith user (family member, friend, or financial advisor) to help you manage your stuff. 

Typically $90, a subscription to PocketSmith is on sale right now for $50.

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Credit: Mashable Staff

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