Goodbudget
Goodbudget is a budgeting and expense tracking app that uses the 'envelope budgeting' method. It allows users to divide their income into virtual envelopes, track spending against those envelopes, and easily see where their money is going. Good for budget-focused indivi
budgeting
expense-tracking
envelope-budgeting
personal-finance
Goodbudget: Budgeting & Expense Tracking App
Budgeting and expense tracking app using the envelope budgeting method, ideal for individual budget-focused users and couples managing shared finances.
What is Goodbudget?
Goodbudget is a popular budgeting app that embraces the 'envelope budgeting' method to help users track expenses and reach financial goals. Unlike traditional budgeting approaches that focus on categories, envelope budgeting divides your income into virtual 'envelopes', each representing a specific expense area like groceries, rent, entertainment, etc.
Within the app, users can set up as many envelopes as they want and allocate dollar amounts to each one based on their priorities and capacity to spend. Every time you spend money, you log the transaction under the relevant envelope. The app provides real-time tracking so you can instantly see how much is left in each envelope as the month progresses.
Key features of Goodbudget include:
- Easy creation of customizable spending envelopes
- Options for individual and shared budgets
- Synchronization across devices plus offline access
- Charts and reports to analyze spending habits
- Goal setting tools
- Secure bank account connections
With its simple and intuitive envelope budgeting system, Goodbudget is great for budget-focused individuals and couples looking to manage their joint finances. The app promotes transparency around where the money is going while encouraging users to live within their means.
Goodbudget Features
Features
- Envelope budgeting
- Shared budgets
- Automatic bank imports
- Spending charts
- Budget alerts
- Mobile app
- Web app
- Desktop app
Pricing
- Free
- Premium Subscription ($6/month or $50/year)
Pros
Simple and intuitive interface
Good for couples/shared budgets
Integrates with banks
Helps visualize spending
Free version available
Cons
Limited customization
No investment tracking
Fewer features than paid options
Mobile app can be slow
Official Links
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