Goodbudget strips down the bells and whistles of a traditional budgeting app in favor of a straightforward approach that multiple household members can see and manage.
Goodbudget has you allocate funds into digital envelopes, just like you'd put physical cash into paper envelopes. The budget can be set according to the user's individual needs and how often income comes in, and the user categorizes different expenses and sets a budget for each one.
For example, if we typically spend $180 on gas monthly, I create a $200 digital envelope in Goodbudget labeled Gas, to account for any pricing fluctuations. Whatever isn't used, I can "sweep" into savings or debt repayment.
Goodbudget's free version offers up to 20 envelopes, debt tracking, community support, and remembers one year of your financial history. One account supports two devices.
The app's premium version costs $10 per month or $80 annually. It offers automatic bank syncing, debt tracking, email support, unlimited envelopes and accounts, supports five devices, and keeps up to seven years of history.
Free version: Yes | Free trial: No | Cost: $10 per month or $80 annually | Google Play rating: 3.7 | Apple App Store rating: 4.6 | Trust Pilot rating: 3.7