What is everyDollar?

EveryDollar is a budgeting and money management app created by personal finance expert Dave Ramsey.

Ramsey is known for his popular radio show and bestselling books focused on helping people get out of debt and build wealth.

Launched in 2014, EveryDollar aims to make budgeting simple, fast and accessible for everyone. The app allows users to quickly set up a budget, categorize transactions, and track spending – all for free. EveryDollar also offers premium paid subscriptions with additional features like bill reminders, account syncing and planning tools.

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The purpose of this review is to provide an in-depth look at EveryDollar’s free and paid features, user experience, and overall value as a budgeting tool. Key factors like ease of use, mobile access, reporting, and customer support will be assessed to help readers determine if EveryDollar is the right choice for their budgeting needs.

EveryDollar Budgeting
Meet EveryDollar

EveryDollar Interface

EveryDollar has a clean and simple interface that is easy for beginners to navigate. The color scheme uses shades of green, which creates a calming effect and keeps the focus on the budget.

When you first open the app, the main dashboard shows an overview of all budgets and accounts. The menu on the left side allows quick navigation between the main pages – Budget, Accounts, Reports.

Adding a transaction is straightforward – just click the + icon and fill in the details.

The interface works well on mobile and desktop. Experienced budgeters may want more customization options, but EveryDollar aims for simplicity over complexity. The streamlined design makes it easy to see spending habits and stick to a budget without getting overwhelmed.

How does EveryDollar Work?

EveryDollar has robust budgeting features to help users track their spending and stay on top of their finances. Users can easily set up customized budgets with adjustable categories that make sense for their lifestyle. The flexible budgeting allows for shifting priorities month-to-month.

Once the budget is set up, EveryDollar makes it simple to log transactions to track spending against the budget in real-time.

enables your monthly budget in 3 simple steps:

  1. Input all sources of income: This encompasses regular salaries, supplementary earnings, and any other inflows.
  2. List your expenses: Allocate funds for various purposes including giving, saving, and spending.
  3. Calculate the difference between your expenses and income: Achieve a balance of zero (known as zero-based budgeting), ensuring every dollar is allocated to a specific purpose.

Users can log transactions manually, link accounts for automatic import, and even scan receipts using the mobile app. The app provides notifications when users are nearing or exceeding budget limits.

One of the most useful budgeting features is EveryDollar’s ability to forecast upcoming months using past spending trends.

This helps users plan ahead and see how their current spending might affect future budget goals. Users can also opt for fixed budgets that lock in set spending limits if they want stricter financial guardrails.

EveryDollar aims to simplify budgeting with user-friendly features for customized spending plans, easy tracking against budgets, and predictive forecasting abilities. The flexibility and automation helps users seamlessly integrate budgeting into their daily lives.

Key Features of EverDollar

Reports and Insights

EveryDollar Premium offers customizable spending reports and net worth tracking to provide budgeting insights. The app generates helpful reports on your income, spending, savings, debt payoff, and net worth.

You can view detailed category summaries of your historical spending and income trends.

Budgeting

The insights tab includes interactive charts and graphs to visualize your budget data. For example, pie charts show category spending breakdowns, and bar graphs display monthly trends.

EveryDollar allows full customization of reports to focus on the budgeting metrics most relevant to your goals. You can filter reports by date range, categories, accounts, and other parameters. The customizable reporting provides actionable insights to understand your spending habits and inform future budget decisions.

Overall, the detailed spending analysis and net worth tracking in EveryDollar Premium delivers robust budgeting insights beyond basic expense tracking. The visualizations and customization empower users to gain control of their finances.

Cloud Syncing and Mobile App

EveryDollar offers mobile apps for both iOS and Android devices that allow users to sync their budget data across devices. The mobile apps make it easy to track expenses on-the-go by allowing users to quickly log transactions. Any data entered into the mobile apps is synced with the web version.

Users can access their full budget and transaction history from their phone. Key mobile features include the ability to take photos of receipts, barcode scanning to log transactions, location-based reminders for recurring bills, and push notifications for budget alerts.

Overall, the EveryDollar mobile apps provide a seamless experience for managing your budget on-the-go and keeping data in sync across devices. The apps are highly rated and offer convenient features for tracking expenses and staying on top of your budget while mobile.

Pricing and Plans

EveryDollar offers both free and paid versions of its budgeting app. The free version includes basic budgeting features like creating budgets, tracking transactions, and reporting.

The Premium version costs $99 per year or $12.99 per month and adds more advanced features like bank syncing, debt payoff tools, custom categories, and priority support.

Some key differences:

  • Free: Manual transaction entry, basic budgets and reports, email support
  • Premium: Automatic bank imports, debt tracker, custom categories, priority support

EveryDollar often offers discounts on Premium, especially for new users. For example, your first month is $0 and then the normal pricing kicks in.

Overall, EveryDollar Premium provides good value if you want automated importing and advanced tools. But the free version works great for basic budgeting needs. Consider starting with the free version and upgrading later if you want more convenience and insights.

pros and cons

  • Easy to set up and has a simple, intuitive interface that’s great for budgeting beginners
  • The free version includes all the core budgeting features
  • Built in budgeting principles based on Dave Ramsey’s financial advice
  • Clean, easy-to-use interface
  • Advanced features like bank syncing require upgrading to a paid plan, which can get expensive
  • There is limited flexibility and customization compared to apps like YNAB
  • The mobile app can be buggy and lacks some functionality of the web version

EveryDollar is best for those looking for a simple, easy-to-use budgeting app based on Dave Ramsey’s principles. The free version covers the basics well. But those wanting more advanced features may prefer an app like YNAB.

Our Final Verdict

EveryDollar is a budgeting app created by finance guru Dave Ramsey with the goal of helping users gain control of their finances. It has a simple interface and makes budgeting easy to understand, even for beginners. The free version includes basic budgeting features while the premium version ($129/year) adds extras like reports.

The simple interface and budgeting approach are ideal for those new to budgeting or who want an easy tool. However, it lacks some features even in premium like auto-syncing and goal setting that more advanced users may want.

The key takeaways are:

  • Simple, easy-to-use interface great for beginners
  • Free version provides basic budgeting, paid has more reporting
  • No auto-importing or syncing like other apps
  • More limited features than competitors

EveryDollar is best for those who want a simple, hands-on approach to budgeting. The Ramsey name also attracts fans of his debt-free methods. But users wanting more advanced budgeting tools may prefer apps like YNAB or Copilot. EveryDollar is free to try so it can be a good starting point for budgeting novices before exploring other options.

Disclosure: This post may contain affiliate links, meaning we receive a commission for purchases made through these links, at no cost to you.

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