Budgeting is a financially smart act, especially if you are running a family while carrying various responsibilities. Every day comes with many expenses. But if you aren’t careful enough to track them down, you may be in for a surprise you won’t like.
There are many personal budgeting apps to help you with it. But, the problem is shared budgeting where both, you and your partner, can contribute to the record of daily expenses. For that, we at Insiderbits have listed out 5 best budgeting apps for couples. Here are they:
5 Best Budgeting Apps for Couples
- Track all your finances in one place – transactions, balances, and investments
- Receive bill reminders to never miss budget tracking
- Manage subscriptions to control spending
- Set custom financial goals with actionable tips
Mint is one of the most popular personal and shared budgeting apps. With it, you and your partner can integrate all aspects of your finances such as tracking monthly expenses, checking account balances, and monitoring investments from one simple place.
To go beyond that, it will illustrate your spending pattern so you can find the source of your money leakage. To seal that leak tighter, you will also get monthly bill reminders to avoid any late fees. This is just the beginning of what it has to offer but still, it is a completely free app.
2. Rocket Money
- Monitor and grow your net worth
- Identify, monitor, and cancel unwanted subscriptions
- Stay informed about your credit score
- Keep track of monthly bills and avoid overdrafts
Rocket Money has the power to save you hundreds of dollars, believes Forbes. One of the ways it does so is by suggesting you cancel your unwanted subscriptions. That is why over 3.4 million people, individuals and couples, trust Rocket Money to save more and be financially smart.
You don’t even need to manually input your expenses. It will automatically track your different linked accounts. But now it has expanded beyond just budgeting. Rocket Money has also started to help you track and grow your net worth and monitor your credit score for a better family future.
- Calculate time and interest saved with every extra dollar of debt paid
- Get real-time updates to your budget
- Get a wealth of free finance-related resources
- Set spending targets and visualize progress
YNAB makes your companionship stronger by improving your relationship with money. No more letting your finances be in the dark as this app is your all-in-one tool to manage and improve your financial condition like a pro. This single app acts as your expense manager, financial planner, net worth tracker, and goal-setting tool.
Now, with this app, you can ditch the vague financial suggestions thrown at you every time and act according to the insights it creates by tracking your spending behavior.
YNAB is ideal for a family as well and not just couples as its premium subscription can be shared by up to 6 people. Try its free one-month trial to see its full potential. Then it will come at $14.99 per month or $98.99 per year.
- Automatically sync across Android, iPhone, and the web
- Save for the future with budget planning
- Analyze spending patterns with detailed reports
- Schedule transactions and split expenses
Goodbudget resurfaces the traditional envelop system of budgeting but in a modern way. It is ideal for home budget tracking. So, couples can use it together to ensure that their household doesn’t cross the assigned budget.
In it, you have to create various envelopes, each depicting a spending category, and assign them a budget. You will then be able to proactively see how much budget you are left with for a specific category.
Goodbudget has a free forever plan that allows you to sync 2 devices and create 10 regular envelopes and 10 annual envelopes. This is plenty for most couples. But if you want more, its paid plan comes at $8 a month or $70 a year.
- Choose the level of financial information to share
- Set monthly household spending limits per category
- Add personalized spending categories
- View all bank account balances in one space
Honeydue is designed specifically for couples looking to manage their finances together. With its intuitive user interface, it makes it easy to track bills, monitor bank balances, and build constructive habits.
One of the things that sets it apart from other apps is that, in it, you can choose how much you share with your partner for controlled transparency and send emojis to communicate whether you encourage or discourage the other’s spending habits.
You can also set a household spending limit and get notified when you are getting close to it. Honeydue gives this all for free but shows you ads for monetization.
Good financial health also improves your relationship as a couple because money is an important factor in good living. So, don’t let it go out of your control. Track and save it with these 5 budgeting apps and strengthen your financial health together.