Budgeting Apps for Couples

Honeyfi is a free app that helps couples manage money together. We help you create a budget and automatically track you and your partner's spending. Team up to do more with your money!

Features:

• Syncs individual and household accounts to the app (bank accounts, credit cards, loans, investments)
• Suggests a budget based on your previous spending (this can help prevent overspending.)
• Receive financial insights — you may be surprised where the bulk of your money is going
• Searchable, categorized transactions across accounts for easy spending tracking
• Choose how much info to share with your partner (use this feature with caution — it’s not wise to hide significant purchases from your partner.)

This app allows users to create a “Group” where all devices in the group sync with each other. When a group member completes a transaction, it’s seen in real time by the other users.

Recurring transactions sync across devices, eliminating the stress that occurs when you forget about an upcoming bill.

Features:

• Provides an integrated set of features to help you manage your expenses and cash flow.
• Supports tracking both your expense and income tracking
• Support for budgets, accounts, payees and bill tracking
• Group your expenses into categories and sub-categories
• Set a budget, and track expenses at the category/sub-category level.

This app’s mission is to help couples “outsmart money, together.”

Honeydew’s founders noticed that many couples rely on spreadsheets for budgeting. They decided there had to be a more straightforward way to juggle tracking multiple bank and credit card accounts.

As with HoneyFi, Honeydue users can decide how much information to share with their partner.

The comment section allows partners to check in with each other over transactions they don’t recognize.

Features:

• Couples can see all their bank balances in one place
• Track both credit card and bank balances, along with individual transactions related to each account.
• Transactions and balances update in real time, so there’s always a complete, accurate snapshot of where these accounts stand.
• Ability to choose which accounts your partner can see and at what level of detail.
• Categorized spending — Honeydue categorizes expenditures into the following categories: cash & checks; family & pets; getting around; gifts & charity; miscellaneous; personal & wellness; home & utilities; food & drink; trips & occasions; shopping & fun.
• Edit categories — if Honeydue puts a transaction in the wrong category it can easily be edited

This free app help users simplify personal and joint budgeting.

Unlike some financial tracking apps, FBFT displays data in graph form to help you quickly understand your spending habits.

You can also add your children to the app to let them be responsible for their cash flow and help them track their spending patterns.

FBFT supports multiple currencies (most apps don’t have this capability.)

Features:

• Set up recurring transactions once and they’ll automatically appear in the future
• Budget templates included(or create your own)
• Cloud backup to Google Drive or Dropbox
• Export CSV files
• Built-in speech recognition
• Autocomplete based on prior entries
• Budget forecasting — 6 months out based on previous transactions
• Daily transaction monitoring
• Built-in income & expense calculator
• Syncs across multiple devices, so all family members always have access to financial data

Mvelopes has a four-pronged approach to personal finance:

Give your money a purpose via the envelop system
Avoid debt/rapidly pay off current debt
Simplify — access income and expenditures in a single dashboard
Planning — anticipate and prepare for future expenses (avoid living paycheck-to-paycheck)
The Basic Mvelopes plan is $4/month.

But if you’d like some help getting your finances in order, you can opt for quarterly or monthly coaching plans for an additional fee. The coaches will help you create a long-term financial plan to reduce debt and build savings.

The additional coaching fees are quite reasonable. The quarterly coaching plan (Plus) starts at $19/month, and the monthly coaching plan (Complete) starts at $59/month.

*Features: *

• Unlimited envelopes and financial institution accounts (All Plans)
• Auto transaction importing and account balance monitoring (All Plans)
• Live chat/knowledge base (All Plans)
• Interactive reports (All Plans)
• Quarterly coaching (Plus)
• Monthly coaching (Complete)
• Learning & Debt Reduction Center (Plus & Complete)
• Debt Assessment (Plus & Complete)
• Setup assistance (Plus & Complete)
• Dedicated personal coach (Complete)
• Personalized financial plan (Complete)

- High-level priority support (Complete)

According to their website, “The Goodbudget Way is an invitation to relate to money differently where you spend in line with your values, stick with a budget, deepen your relationships, grow in character, and transform your financial life.”

This powerful tool combines the best of envelope budgeting methods with a family budgeting app.

The ability for all account users to see transaction data in real time can help prevent accidental overspending in a shared category.

Financial expert Dave Ramsey created the EveryDollar app for followers who prefer digital envelopes to paper ones.

The app comes with some categories already created for you, such as health and car insurance, groceries, car payment, credit card, mortgage, emergency fund, etc. (If you need additional savings or expense categories, it’s easy to add them.)

If you make a mistake entering a transaction, it can easily be reversed.

While EveryDollar is a solid budgeting app, it has a couple of drawbacks to consider.

The free version of the app requires all transactions to be entered manually, which can be a bit tedious. Another drawback is that EveryDollar has no reporting capability to look back on your transaction history.

But if you’re after a basic, user-friendly budgeting app, you might find that EveryDollar is the answer.

Features

• Email support
• Split transactions across multiple budget items (for example if you cleaning products at the grocery store, but want to track these purchases separately from your groceries.)
• Syncs across devices — ideal for shared accounts
• Add/edit categories
• Spending tracker lets you see what you’ve spent and what you have remaining to spend for the month

- EveryDollar Plus — $99/year gets you phone support, the ability to connect and log your bank accounts, and track credit card spending in one place

Like the other envelope budgeting apps featured, YNAB’s mission is to give every dollar of your income a purpose.

To set up the app, connect your bank accounts.

You’ll then see the available dollars ready to be budgeted.

Assign every available dollar to the appropriate categories in YNAB(add your own categories if you like). Make sure the ending balance to be budgeted equals zero and you’re set to go.

Features

• Bank auto syncing (your banking information is always up-to-date in the app)
• Syncs over multiple devices (share info with spouse)
• Reporting (graphs/pie charts)
• Investment tracking (a feature most other envelope budgeting apps lack)
• Free for 34 days, then $6.99/month
• Supports US/Canadian banks
• Daily Live Workshops to brush up on topics like budgeting, rapid debt repayment, cutting expenses, etc.
• Envelopes for infrequent spending such as car repairs, vacations, Christmas, etc.

- If you overspend in a category, move unused funds from other categories to keep your budget on track

Love it or hate it (users tend to fall into both categories), Mint is probably the most complete financial app available. It has features that aren’t available in other budgeting apps, such as credit score monitoring.

If you’re looking for an all-in-one solution for tracking spending, savings and investments, look no further than Mint.

Features

• Create and manage savings goals
• Credit score monitoring
• Alerts (late fees, over-budget in a category, bill reminders, rate changes, large purchases) via email or SMS
• Weekly email summaries of your transactions
• Automatically syncs your financial data over multiple devices

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