With so many budgeting apps available, it’s hard to know which app is the best or the right one for you. This review will cover Monarch’s pros, cons, and features and whether we think it’s worth your time.
App Review: EveryDollar
(Author Rating)
8.25/10
8.25/10
Everydollar is a budgeting app that allows you to create funds, track debt, and record expenses. See where your money is really going so that you can be in control.
Basic App Info:
Name of the app: EveryDollar
Cost: Free, premium version is $129 / month
Availability: Android & Apple
App Intro
Create budgets for everything you want each month and set specific dollar amounts for each budget category. Track funds to see how close you are to affording that car, vacation, or home. Track your debt so you can get a better understanding of how close you are to paying it off, and how much of your monthly budget is going towards paying off that debt.
Basically EveryDollar is an all in one app to show you where your money is going so that you can control where you want it to go.
The App
Features
Monthly budget setup – create your budget each month! After you’ve built a budget for one month, the app will copy over the same budget for the next month but allow you to tweak or make changes based on your previous month’s incites.
Easily see your budget plan, how much you’ve spent that month, and how much of your budget is remaining with three basic home screens you can scroll back and forth through.
See past months and plan for future months right from the home screen.
Track an expense or income through the same button.
Give budgets due dates if you want payment reminders.
See a list of all your transactions in one place.
Likes/Dislikes
Likes
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Easy to see how much you’ve spent total, how much is left total, plus thes same metrics for each budget category.
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There is a favorites feature that allows you to see the budgets you care most about at a glance.
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You can give certain budgets due dates which is nice for things like rent or gym memberships that occur at the same time each month.
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Funds are fun for things you may be saving money towards, which could make this a great feature for kids using the app as well. You can track each month how much you’ve been able to put towards that fund. Examples may be: buying a car, emergency savings fund, buying a new bike, getting a new video game, etc.
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You can split up your transactions between multiple budgets. So if you purchase included groceries and personal items you can split the expense and make tracking even easier.
Disikes
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It’s not super straightforward as to how each feature works. It requires a month’s worth of figuring out the app in order to know which features you like or don’t like.
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You have to create a budget for each month...which isn’t horrible because they at least copy over your budget from the previous month as a “getting started” point and then you can alter/edit that budget. But I’d rather have an option when you make each budget item to say if this should be copied each month automatically.
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You can’t rearrange the order of the budget list.
Additional Thoughts
The basic features of the app are pretty straightforward and easy to use. The interface allows you to see the most important things about your budget at a glance, and you can easily add both expenses and incomes with just one click.
App Ratings, Size, & Category
RATINGS
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4.8 Stars from 54.4K Ratings
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4.1 Stars from 8,635 Ratings
SIZE
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97.5 MB
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16M
CATEGORY
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Finance
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Finance
Similar Apps
- Goodbudget
- Prism
- Fudget
- YNA
The Backstory
EveryDollar is part of The Ramsey Solutions that strive to help those in debt, looking to step up their small business, those stuck in a dead end job, and more! EveryDoller is available for free, or with Ramsey+ which includes not only the premium features of the EveryDollar app, but on demand courses, live stream events, savings and debt payoff tracker, and free audiobooks.
The Bottom Line
If you need an app that provides basic budgeting features, then this is a great app. With features like budgeting categories and easy to see spend versus remaining graphs, you can see exactly what you want to see about your budget.
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