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10 Best budget app for couples – Smarter choice for 2021

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Being in a serious relationship and not worry about money does not happen. Managing money is an utterly vital aspect of every relationship. Many studies have proven that most of the tension and struggles between couples happen due to money.

A couple that shares their financial information and stays transparent with their monetary facet lives a happier life. Indeed, money cannot determine the quality of a relationship. But making financial decisions without consulting your significant other can cause conflicts, trust issues, and tension.

Thank goodness for technology, we now have budgeting apps that can save you a lot of trouble. The best budget app for couples is many things. There are many useful money management apps, and you have to select what best suits you.

Best budget app for couples – what is it?

A budget app is a software that allows you to create your budget. Budget apps or personal finance apps can track your income and expenditure.

If you enter a transaction, the app automatically calculates the amount and lets you have a full report of your cash flow. Usually, budget apps run on smartphones, including Android and iOS.

But there are apps that you can find that support desktop and other mobile devices.

What to look for in a budget app

What to look for in a budget calculator app?

Couples look for simply shared information about finances. A budget app for couples does not need to have advanced accounting terms that financial apps have.

The purpose of having a budget app is to share the weekly or monthly budget with your significant other. Some budget apps have multi-device support.

These are the apps you should download if you are looking forward to sharing them with your partner. In that way, even if the two people have two different kinds of phones, they can still use the app.

Here are the ten best budget app for couples with every feature you would ever want.

  1. EveryDollar

The famous financial advisor Dave Ramsey created EveryDollar. The standard version comes for free, and the premium goes at $129.99 per year.

If you have ever followed his money management strategies, you will fall in love with the EveryDollar app. You can customize this budget planner app to what fits you. Without distracting ads, EveryDollar provides you a new user interface.

EveryDollar Plus is the premium version of the app. If you purchase the premium version, it has an option to sync the app to your bank account, which the standard version does not offer.

The premium version also gives you access to Ramsey’s Financial Peace University. Isn’t that worth buying?!

  1. Digit

You need a budget app like Digit for many reasons. Everyone who owns a smartphone does several activities through it within a day.

These social media apps and other messaging apps recognize your habits and lifestyle the more you spend time on the phone; hence they are ‘smart’ phones. Likewise, why shouldn’t you let your wallet also identify your lifestyle and maybe help you more in saving?

This is when Digit, a simple budget app, comes into the scene. It is a free budget app for the first 30 days after signing up, with a monthly fee of $2.99 afterward. It learns your spending habits and saving habits.

With time, it predicts your monthly expenditure and lets you know how much you should have in the account. It is the best budget app Android and iOS can have.

  1. Twine saving app

You can say this is the best budget app for couples because the Twine Saving app lets you work towards your shared goals with your partner.

The app guides you to move your savings from individual accounts to a shared account based on the common goals you have set in the app. Not only can you improve your saving from Twine Saving App, but there is also a component for investments.

It is the best budgeting app for couples who want to see shared progress together.

  1. Goodbudget

Goodbudget is a financial tracker that lets the couple manage money efficiently. It comes free with in-app purchases for the premium version at $50 annually and $6 monthly.

This is the best financial advisor app for couples that like a cash envelope system. You can add various spending categories, and the virtual envelopes can let you know the exact amount you have spent or saved.

The free, standard version gives you up to 20 envelopes for spending. The premium version allows you to have unlimited envelopes. In the free version, you can use the app on two devices. In the premium version, you can use the app on five devices.

Both the versions have debt-tracking budgeting tools that can track your credit card payments, student loans, or mortgages. The app does not sync with your bank account in real-time. Once you have made a transaction, you have to upload it to the app.

  1. HomeBudget

Nowadays, with everything going on, the best way to save some money is to use a monthly budget app. You can conveniently track your personal expenses and income with the HomeBudget spending tracker app.

If you are looking for a home budget software that you and your significant other can use, HomeBudget is the one. The app lets you categorize expenses with personalized heading according to your lifestyle.

One of the things this best money management app has is its ability to record recurring expenses. It is like setting a standard order in your bank account. You can set the recurring costs and forget about it because the app will remind you in due time.

Even if cash withdrawals take place from non-related bank accounts, you can still add it, and HomeBudget will track it for you. Another fascinating feature of HomeBudget is, if you are a couple that has a long-term goal such as a college fund, the app links it to your income.

It corresponds with expenses rather than recording it as recurring expenses. You can also add images of your receipt to the database so you can view it later.

  1. Honeydue

Honeydue is a fantastic budget app that lets the couple have a neat money-management system. The app allows you to sync all your bank accounts, credit cards, and loan accounts.

You can sync each of these components as ‘individual’ or ‘joint.’ It lets you and your partner view the ownership of accounts, cards, and loans at a glance.

Moreover, you can easily categorize transactions and customize classes and headings of your expenses according to your lifestyle.

There is an option for adding an additional note to your expenses, which you and your partner can view. It is one of the best features in this app, and it lets you be transparent with your partner about finances.

It, in turn, builds trust and bond in a relationship as well. You can also hide the account information that you do not want to share with your partner. This applies to both parties.

You can set alerts and reminders so that you and your partner would not miss out on a bill or payment during the month. After paying, you can tag the invoices and payments that are paid and let your partner know that it is sorted for the month.

It is the best budget app for iPhone and Android. It is one of the best free budget app software you can download.

  1. BetterHaves

BetterHaves is a budget tracking app that couples can use to manage their finances. It even individuals can also budget and track their money using BetterHaves.

The app uses one of the oldest and traditional ways of managing money: the envelope system. It is one of the best apps you can download if you are a couple that loves the envelope system.

Couples can create virtual envelopes to distribute their income and expenses separately. They can use their customized names to name the envelopes. The app comes with general expenditure categories such as utilities, groceries, entertainment, etc.

You can distribute some money into an envelope, and when it empties, it gives you the alert that money is over in the envelope, and you cannot spend any further. It is one of the most practical ways to discipline yourself and your significant other in money management.

Couples can transparently view their individual and joint dashboards. Warnings and alerts always keep you on track, reminding you about the scheduled payments and bills. It is a free personal budget software and syncs only among iPhones.

  1. HoneyFi

HoneyFi is for couples who are not familiar with budgeting and managing finances. This software has the option to sync household, individual, and joint bank accounts, credit cards, investment accounts, and loans.

It is a time saver for you as it adds digits on its own. At least 3 to 4 times every day, the app syncs with all your accounts’ transactions and updates the app. It supports more than 10,000+ financial institutions, and it makes HoneyFi the best personal finance app.

Based on how you have spent the previous month, the app automatically suggests a better home budget for the upcoming month. You can edit and change the budget and start monitoring money right away!

You can search for any transaction among all the linked accounts in HoneyFi. Couple budgeting plan increases communication between two people.

Therefore, HoneyFi has come up with an element to add notes, reminders, and special alerts on transactions so your significant other can see it. HoneyFi protects sensitive data with bank-level security and does not possess your banking credentials.

It is one of the best money apps for iOS.

  1. Mvelopes

Mvelopes is a personal expense tracker app that has three-tier plans; $6, $19, and $59 a month. It is one of the best budget apps that brings the cash envelope system to the virtual world.

You can categorize envelopes, sync accounts, and distribute your money in different categories. The three types of the Mvelopes app are Mvelopes Basic, Mvelopes Plus, and Mvelopes Complete.

The basic and the cheapest tier lets you have virtual envelopes, monitor account balances, access live chat, and get interactive reports on your cash flow.

The second tier allows you to have more options, such as a personal finance trainer and debt reduction tools.

It also gives you access to Mvelopes Learning Center. The final tier of the app offers financial training and education monthly with a money pro. Isn’t that exciting?!

  1. PocketGuard

PocketGuard is a budget app free or premium version for $34.99 per annum. You can get an overview of your shared financial details with PocketGuard as it links all your joint bank accounts, credit cards, loans, and investment plans.

It reads your recurring income, expenses, and liabilities and creates a suitable budget for you.

After recovering all the payments and obligations, the ‘In my pocket’ option lets you know how much you have in hand to spend on your date night or candlelight dinner.

PocketGuard intelligently goes through your budget to improve your savings and finances. The premium version of PocketGuard comes with customized spending categories and ways to track your banking transactions.

Final thoughts: Best budget app for couples that makes life exciting

Sharing your finances when you are in a relationship is a big step.

If you are getting into a long-term relationship or if you are getting married, you can use a budget app to keep track of your shared finances. When you are in a relationship, most of the things are shared between you two.

Therefore, it is good to have a budget app that both parties can operate, so both can work towards a shared, common goal.

The best budgeting software apps are listed above, and you can select any one of your choice based on your lifestyle and requirements. The best budget app for couples is the one that has the most transparency. That is the main objective of a couple budget planner.

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