Our life is now guided by apps and spreadsheets.
It can replace the traditional pen and paper system. And, why not? We can use an app whenever we want to and won’t have to wait to go back home and take out a file to document spending.
Managing your finances as a couple is not only crucial for the health of your relationship, but also very important in helping you stick to your budget and in turn achieve your financial goals together.
Are you ready to manage your money better as well as save more money this year? If you're dying to save more cash, then let’s check out some of the apps especially designed for couples to manage their money better.
Budget management apps
Contents
1. Goodbudget
Goodbudget uses the concept of the traditional envelope budgeting system. As a couple, you can create up to 10 categories or envelopes and your budget is synced with your partner’s device. You can also link your transactions with multiple bank accounts.
The basic version is free of cost whereas the plus model comes at $6 – $50 per year.
2. Splitwise
This app is designed to be user-friendly and caters to couples who are new into a relationship and have decided to split their bills equally.
It is available for Apple phones as well as Android. You can use this app to manage your accounts easily and keep every financial transaction in sync with each other.
3. Honeydue
Through this app, the couples can not only see the financial transactions but also comment on them. The couples can also decide how much information they want to share with each other. Doing so, they can avoid arguments and stay focused on their goals.
4. EveryDollar
By using this app, both of you can plan a budget from scratch and apply the zero-based budgeting technique. In the simple version, you’ll have to do the additions manually; but in the plus version, you can add your bank accounts and update your bank transactions to this app automatically.
Money Saving Apps
5. PocketGuard
This is the app if you’re looking for an application to save money and avoid spending a lot. By installing this app, you can track your spending and compare it with the budget you’ve planned. It will also help you to find opportunities to save money. You can compare better deals through this application.
6. Mvelopes
Installing this app can help you track your regular spending through the envelope system. Once money in one category is finished, you know you’ll have to wait for the next month to spend in that category. You can also connect to unlimited financial accounts and make your real-time budgeting successful.
If you are a modern day couple, then this free mobile app is for you.
Both of you can plan the budget, share your spending with one another, track your wealth and also get useful inputs on how to improve your financial situation. You can also keep a track on what information to share with your partner, as well as monthly analysis reports based on your spending.
8. Wally Next
This app is very popular among the millennials. Though it’s not a very easy app to work with, yet it helps you track your income and expenses to make your budgeting successful. You will also get a snapshot of your remaining budget which can help you manage your expenses for the remaining month.
9. Grocery.com
As the name suggests, it will help you a lot in your grocery planning.
You can install this app with your partner and list an item in need. Even if you’re not visiting the grocery store, your partner can pick it up for you.
Moreover, you should always visit a grocery store with a list. If you don’t have a list, you’ll have the tendency to buy more using your credit cards. Doing so, later, you might have to consolidate debt on your credit cards to manage and pay them off. So, try not to overspend on grocery shopping.
You might also like:
Bills and Debt Management
10. Any.do
This app can help both of you to manage your bills and spending-related tasks. The unique feature of this app is its simple design and you can share your tasks by syncing it with your family members. You can view the tasks one or two days in advance, so you know when you have a bill to pay. Doing so, you won't make late payments and can avoid penalty charges.
11. Home Budget
The users say that it is worth giving the effort to install this app.
Pros: Through this, you can keep a track of your recurring bills and the app will let you know when you have to make the payments.
It also shows a graph of your expense against your percent of income along with a quick summary and forecast model. You can export these things in a super useful PDF format.
Cons: This app is not the most cost-effective. You will need to buy this app on every platform in order to use it.
12. Better Haves
Another app following the traditional envelope system. Couples can see and share their expenses through the sync option, which helps them to plan their budget together and keep an eye on whether or not they’re able to follow it.
Key Takeaway
One thing is common in all these finance and budgeting apps especially meant for the couples: it saves a lot of time and the sync feature enables the couples to use the app however they please.
These useful money management apps allow you and your partner to share transactions with each other along with keeping some information confidential. It's a great way to keep your finances organised, as well as ensuring clear communication when it comes to household budget and spending.
As you can see, a small change goes a long way when it comes to money management. Choose an app from this list and have fun budgeting!
Are there any apps that did not make the list?
If you've ever discovered money management apps that helped you save more and keep your finances organised, let me know in the comments below!