Goodbudget vs EveryDollar: Which Budgeting App is Right for You?

Are you tired of living paycheck to paycheck? Do you want to take control of your finances and start saving for your future? If so, budgeting apps like Goodbudget and EveryDollar can help you achieve your financial goals.

In this article, we will compare Goodbudget vs EveryDollar, their features, pros, and cons to help you choose the best budgeting app that fits your needs.

Goodbudget: An Overview

Goodbudget is a budgeting app that uses the envelope system, which means you allocate your money into different categories and assign each category to an envelope. Goodbudget is based on the envelope system where you divide your money into various categories and assign each of them to an envelope.

Features of Goodbudget

  • Envelope-based budgeting
  • Syncs across multiple devices
  • Ability to share budgets with family or friends
  • Ability to track your spending
  • Offers a free version with limited features and a paid version with additional features

Pros of Goodbudget

  • Great for couples or families who want to budget together
  • Easy to use
  • Provides financial reports
  • Encourages saving

Cons of Goodbudget

  • Limited features on the free version
  • Only supports one currency
  • Lacks some advanced budgeting features

EveryDollar: An Overview

EveryDollar is a budgeting app created by personal finance expert Dave Ramsey. EveryDollar follows the zero-based budgeting approach, which means you give every dollar a job. EveryDollar is based on the zero-based budgeting approach where you allocate every dollar to a particular task.

Features of EveryDollar

  • Zero-based budgeting
  • Syncs across multiple devices
  • Ability to connect to your bank account
  • Ability to track your spending
  • Offers a free version with limited features and a paid version with additional features

Pros of EveryDollar

  • Great for people who follow Dave Ramsey’s financial principles
  • Easy to use
  • Provides financial reports
  • Encourages saving

Cons of EveryDollar

  • Limited features on the free version
  • Only supports one currency
  • Lacks some advanced budgeting features

Goodbudget vs EveryDollar

Now that we’ve covered the features, pros, and cons of each app, let’s compare Goodbudget vs EveryDollar side by side.

Ease of Use

Both Goodbudget and EveryDollar are user-friendly apps that are easy to navigate. However, Goodbudget’s envelope system may take some time to get used to, especially if you’re used to traditional budgeting methods.

Budgeting Approach

Goodbudget is based on the envelope system, while EveryDollar follows the zero-based budgeting approach. Both approaches are effective in managing your money, but it comes down to personal preference.

Cost

Both apps offer a free version with limited features and a paid version with additional features. Goodbudget’s paid version costs $7/month, while EveryDollar’s paid version costs $129.99/year.

Features

Both apps offer similar features, such as syncing across multiple devices, tracking your spending, and providing financial reports. However, Goodbudget allows you to share budgets with family or friends, while EveryDollar allows you to connect to your bank account.

Support

Both apps offer customer support via email, but Goodbudget also has a community forum where users can ask questions and share tips.

Availability

Goodbudget and EveryDollar are both available on iOS and Android devices

FAQs about Goodbudget vs EveryDollar

  1. Is Goodbudget or EveryDollar better for couples or families?
  • Goodbudget is better for couples or families as it allows you to share budgets with others.
  1. Can I connect my bank account to Goodbudget or EveryDollar?
  • EveryDollar allows you to connect to your bank account, while Goodbudget does not.
  1. Does Goodbudget or EveryDollar offer a free version?
  • Both apps offer a free version with limited features.
  1. Is Goodbudget or EveryDollar more expensive?
  • EveryDollar’s paid version is more expensive than Goodbudget’s paid version.
  1. Which app is better for beginners?
  • Both apps are user-friendly and easy to use, but Goodbudget’s envelope system may take some time to get used to.
  1. Can I use Goodbudget or EveryDollar outside of the United States?
  • Both apps only support one currency and are only available in the United States.

Conclusion

In conclusion, both Goodbudget and EveryDollar are excellent budgeting apps that can help you take control of your finances. If you prefer the envelope system, then Goodbudget is the right app for you. On the other hand, if you follow Dave Ramsey’s financial principles, then EveryDollar is the right app for you.

Ultimately, the decision comes down to personal preference and budgeting style. Both apps offer similar features, so it’s important to choose the app that fits your needs and helps you achieve your financial goals.

If you’re still unsure which app to choose, we recommend trying both the free versions and seeing which one you prefer. With either app, you’ll be on your way to financial freedom in no time.

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