

First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources.
BUDGET APP FOR FREE
To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. The app doesn’t have features like investment portfolio performance, credit score monitoring, net worth tracking or suggestions for financial products that may benefit you.
BUDGET APP HOW TO
The app also has helpful content and how-to videos on how to maximize the capabilities of the app to help users achieve their financial goals. It is a simple app with few frills to help users get and stay out of debt by using the tried-and-true envelope system. Goodbudget competes well against other budgeting apps.

Free version restricts users to one account.Resources to help users along their budgeting journey (such as podcasts and courses).App enhancements are announced on website regularly.Reports to analyze income and spending trends.Free version works the same as paid version, just with fewer capabilities.There is also a desktop version available. The app is currently rated 4.7 stars out of 5 on the App Store and 4.4 stars out of 5 on Google Play. The Goodbudget app is available for both iOS and Android. These resources include podcasts, structured courses and articles addressing major financial events.

Whether it is a technical question about the app, or asking for someone’s opinion on a financial decision, Goodbudget users and staff are willing to chat.Īlong with a well-designed app, Goodbudget has a library of resources to help you get out of debt and handle major life milestones such as starting a family, getting married, buying a house or saving for college. Within the Goodbudget website is an interactive forum where you can chat with other users of the app. Personal finance is personal, but this doesn’t mean it has to be lonely. The most distinguishing feature of the Goodbudget app is its use of the envelope system for consumers to organize and budget their monthly expenses.
BUDGET APP FULL
If you decide to purchase the app subscription and you aren’t satisfied, you can contact Goodbudget within 30 days for a full refund. Using a budgeting app for free may suit your needs, but if you find that the extra capabilities will benefit you, the paid plan may be worth the investment.
BUDGET APP PLUS
Goodbudget Plus has two payment options: $7 per month or $60 per year, plus tax. Here is a breakdown of the available features, and the differences between the free and paid versions: Paying for Goodbudget Plus provides expanded capabilities, compared to the free version. You can use the app entirely for free, and be able to access nearly all of the same functions without paying for them. Goodbudget offers two different plans: a free version and a paid subscription known as Goodbudget Plus. When shopping for a budgeting app, digital security measures are essential because of the sensitive financial information used within the app. Goodbudget is secured using 256-bit encryption, which is a similar encryption level to other financial institutions. In the app, there are easy-to-read graphs that can help you understand your spending habits. Goodbudget provides excellent reporting tools to show your income against your spending, and how it varies month to month. To mimic the physical envelope filled with currency, Goodbudget came up with digital envelopes.īy using the envelope system, you can achieve financial milestones, such as paying off debt or saving up for a large expense-like a down payment on a home. This renders the old school envelope system unusable. The issue with the envelope system in 2021 is some consumers prefer cashless payments, causing them to carry less physical cash regularly. The envelope system is designed to let you know how much money is allocated to each expense, along with how much is saved each month.

The Goodbudget app is based on using the envelope system, known as Kakeibo, which means “household account book” in Japanese.
