If you want to manage your finances together with a partner, budgeting apps may help.
Do you struggle with money management? Budgeting apps can make it easier to manage your finances and reduce overspending. These apps can be helpful if you're looking to free up some excess income for savings goals or want to put as much extra money towards paying off debt. If you manage your money with a partner, whether through shared or individual accounts, using a couples-friendly budgeting app can be beneficial so you're both in the loop. Here are a few budgeting apps for couples with shared financial goals.
1. Goodbudget
Cost: Free (with limited capabilities), or $8 per month or $70 annually for the Plus version
Goodbudget is a budgeting app that works well for couples who want to manage their finances together. You can set up a household budget and share it with budgeting partners. This app uses the envelope method of budgeting. You'll take your money and set up categories and spending limits, and you can monitor your progress. If you're looking for a simplified way to follow a budget together virtually, this is a good option.
2. Honeydue
Cost: Free
Honeydue is another finance app for couples. You and your partner can use this tool to track your financial accounts, review balances, coordinate bills, split expenses, and collaborate as you work on your financial goals. If you don't have a lot of extra cash to spare and want to make some financial changes, you may want to try this free budgeting app.
3. You Need a Budget
Cost: $14.99 monthly or $99 yearly
You Need a Budget (YNAB) is a popular budgeting tool. This app focuses on zero-based budgeting, which takes all your money and gives every dollar a job. Recently, the company introduced a new app feature, YNAB Together, which allows couples, roommates, and families to share a budget to work on their finances together. As a YNAB user, you can invite up to five people to YNAB Together for the price of one subscription.
4. Mint
Cost: Free
While Mint doesn't market itself as a couples budgeting app, you can use it to manage your finances with another person. You can import data from your financial accounts and add your personal and shared accounts to manage your finances through one shared Mint account. Unlike some other budgeting apps, this app is free to use.
Mint's most notable features are the ability to monitor your cash flow, keep track of your monthly expenses, set and follow spending budgets, and negotiate your bills. You can also set up alerts so you're notified about extra fees, overspending, and upcoming bills. If you have financial goals you're working on this year as a couple, Mint can help you reach them.
5. Simplifi
Cost: $3.99 monthly or $47.88 yearly
Simplifi is another budgeting app couples can use to manage their finances jointly. You can connect various financial accounts, set and work on savings goals, monitor your spending, set and follow spending budgets, and review your progress to see what changes you need to make as you navigate your financial journey. Couples can connect their individual or joint accounts to manage money as partners.
Working together as a team as you work on shared and personal finance goals is a healthy way to be supportive in your partnership. If you struggle with making your financial dreams a reality and want to get on the same page, you may want to try couples budgeting apps. To learn more about additional apps, check out our list of the best budgeting apps.
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FAQs
Zeta is a budgeting app for couples with either shared or separate finances who want to budget together. It's specially designed for those with separate bank accounts. Zeta allows you and your partner to upload your bank accounts and credit cards and control what the other person can see.
Which budgeting app can link with your spouse? ›
Honeydue is the only app on our list that's designed specifically for couples. It enables you to connect bank accounts, loans, investment accounts and more from more than 20,000 financial institutions in five countries. You can also add your bills and receive reminders to avoid late payments. Best of all?
What is the best app for couples splitting bills? ›
Tandem is an essential app for any couple that lives together. Download Tandem and create an account in minutes. Say goodbye to endless Venmo requests, headaches, or spreadsheets. Share your expenses with a simple swipe.
Is the EveryDollar app good for couples? ›
Spouses can share the same EveryDollar budget by using the same sign-in credentials. This will allow you to be signed in on separate devices and be able to keep up with the budget and spending from anywhere.
How to track finances as a couple? ›
A shared spreadsheet may be the easiest way to track expenditures, or using a joint credit card may be preferable. You will still have to budget for household expenditures and discuss long-term savings and retirement goals. Still, separate accounts provide you with more freedom to manage your money with autonomy.
Can Mint app be used by couples? ›
If you have financial goals you're working on this year as a couple, Mint can help you reach them.
How do most married couples share finances? ›
The All-in Model
This is perhaps the simplest form of married finances. Both partners pool all their money together in joint savings accounts and checking accounts. They also add each other to existing credit cards. This means shared savings, shared income, and shared debt.
How do I get on the same financial page as my spouse? ›
Here are some steps you can take to ensure that you can help both of you get on the same page of the same book.
- Set Aside Your Pride. ...
- Give Each Other a Personal Budget and Freedom to Use It. ...
- Find Common Savings Goals. ...
- Be Transparent with Each Other. ...
- Conclusion.
The easiest setup is to have a joint account that both fund to pay shared expenses. Then each partner can have separate accounts to pay for individual assets. Both partners share the financial burden of day-to-day expenses while maintaining financial independence.
Do couples use Splitwise? ›
We use Splitwise to split joint expenses, as they have way more options.
So, if Partner A makes $60,000 and Partner B makes $40,000, you might split bills using a 60-40 division. If, for example, the water bill is $100, Partner A pays $60, and Partner B pays $40. Income-Based Percentage: Each partner pays a percentage of joint bills based on their percentage of total household income.
Is there a budget app you can share with your spouse? ›
Honeydue. Honeydue is designed specifically for couples, enabling them to see all their accounts, bills, and financial goals in one place. Goodbudget. Goodbudget uses the envelope budgeting method allowing couples to share and sync their budgets for specific categories, such as bills, eating out, and vacations.
What is the number 1 couples app? ›
Paired is the #1 couples app, designed to be your daily guide to a happier, healthier relationship.
Why is Mint shutting down? ›
According to its parent company, Intuit, Mint wasn't making enough money, so Intuit began the app's closure in January. On March 23, Mint users will no longer be able to access their account data, which could include over a decade of their spending and financial history.
What is the app for friends to save money together? ›
Millions of people around the world use Splitwise to organize group bills for households, trips, and more. Our mission is to reduce the stress and awkwardness that money places on our most important relationships. We offer in-app purchases for “Splitwise Pro”, the benefits of which are described below.
Can you share a you need a budget account? ›
Invite up to five trusted individuals to join your YNAB Together group (all for the price of a single subscription). Navigate YNAB Together as a group manager or a group member, and learn how budgets are shared.
Can you share Mint budget app with spouse? ›
While Mint doesn't market itself as a couples budgeting app, you can use it to manage your finances with another person. You can import data from your financial accounts and add your personal and shared accounts to manage your finances through one shared Mint account.
Is the Buddy budget app safe? ›
We have implemented appropriate and reasonable technical and organizational security measures designed to protect the security of any personal information we process.
