People with a lot of money hire financial advisors to monitor their spending and point out the rights and wrongs in that spending. The money that is saved from correcting the wrongs is then invested into potentially profitable ventures to benefit the client.
However the percentage of people who are that rich is considerably low. Most people are like me, not rich enough to hire external help. We have to manage our own finances and catch our own mistakes. Doing this single-handedly can be quite a task; an extra bit of help can end up benefiting us a lot.
PocketSmith is a free web service and one of those “extra bits of help” which we can employ to manage our finances. It basically acts as a calendar which we can feed our expenses in and which can forecast our future cash positions.
