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Are you and your partner struggling to keep track of your finances? With so many expenses, staying on top of your spending can take time and effort. Fortunately, there are free personal finance apps that can help you and your significant other track your expenses and reach your financial goals.
In this article, we’ve compiled a list of the five best personal finance apps for couples to track spending. These applications cover everything from expense management to savings goal setting. Now, look for the perfect app for you and your spouse.
What Are Personal Finance Apps?
The availability of personal financial applications on a user’s smartphone or other mobile device facilitates the management of one’s finances. These applications aid users in managing their finances by providing tools for budgeting, saving, and other tasks. Couples who desire to manage their finances and track their joint expenses can benefit from using a personal finance application.
Even though many personal finance applications are free, some offer paid premium features. There are numerous applications available, and each has its advantages.
Numerous couples are utilizing the best financial applications to improve their financial management. Couples could use a personal finance application to coordinate their spending, remain on top of their expenses, and save for the future.
5 Best Personal Finance Apps for Couples
Managing finances as a couple can be challenging but much easier with the right personal finance apps. Here are the five best personal finance apps for couples to track their spending:
1- Mint: The Ultimate Personal Finance App for Tracking Your Money
Mint is a widely popular personal finance app that is considered the best overall budget app on the market. It has a rating of 4.8 stars on the App Store and 4.3 stars on the Google Play Store. One of the main features of the Mint budget app for couples is that it allows users to connect and aggregate their financial accounts, bills, subscriptions, and investments in one place.
It provides free personalized insights, credit score access, and budgeting goal trackers. Additionally, Mint sends bill and subscription alerts and automatically categorizes transactions.
Advanced features, such as bill negotiations, no ads, subscription cancellations, and games with spending and saving tips, are available for Mint Premium users, who pay $4.99 monthly. While Mint is not designed for multiple users, couples can log in to the same account on different devices.
2- You Need a Budget: Ad-Free Experience for Personal Finance
You Need a Budget (YNAB) is a top-rated personal finance app for people who want an ad-free experience. With a cost of $14.99 per month or $99 per year, YNAB provides users with a comprehensive set of tools to track expenses, set spending goals, and monitor their net worth. The best finance app can track spending for up to six users per account, making it perfect for couples who want to manage their finances together.
Users can securely connect their accounts, integrate transactions, and receive real-time expense tracking. YNAB provides individualized expenditure reports, goal monitoring, and a loan calculator. Despite the price, YNAB users save an average of $6,000 in their first year of using the application. Consider YNAB if you’re searching for an ad-free and clutter-free personal finance app that can keep you on track with your budget.
3- Goodbudget: Best Personal Finance App for Envelope Saving Method
Goodbudget is an app that’s great for couples who prefer the envelope budgeting method. The Couple Expense Tracker app lets you create digital envelopes for each budget category, such as rent, groceries, or vacations. You and your partner can add money to each envelope every pay period. When it’s time to pay a bill, you can take the money out of the designated envelope, and the app will notify both of you.
Goodbudget’s free version offers one account, access to two devices, and 20 envelopes. You can upgrade to the PLUS version for $8 per month or $70 per year if you need more. The PLUS version gives you unlimited envelopes, accounts, and access to up to five devices. Goodbudget is rated 4.7 stars on the App Store and 4.3 stars on the Google Play Store.
4- Monarch Money: The Best Overall Budget App for Couples
Monarch Money is the best budget app for couples and is free. Its easy-to-use controls and clutter-free dashboard offer a streamlined experience for keeping up with your finances. Both you and your partner can access the same account with your unique log in details.
The app also offers a secure connection with over 11,000 financial institutions to sync your accounts for an up-to-date overview of your spending and savings. Monarch’s premium subscription is the best option, which costs $10 per month or $90 per year.
However, a free account with some missing features and a limit of two bank connections is also available. The app is perfect for tracking everyday finances and larger savings goals with helpful data insights and encouraging goal timelines.
5- HoneyDue: Best for Free Budgeting and Banking for Couples
HoneyDue is an excellent choice for couples who want to manage their finances for free. With a 4.5-star rating on the App Store and a 3.5-star rating on Google Play, HoneyDue is one of the most popular personal budget apps for couples on Reddit. One of its standout features is its ability to connect to over 20,000 financial institutions in five countries. This allows users to sync their financial accounts and track transactions easily.
HoneyDue also offers bill reminders to ensure that users never miss a payment and a chat feature for accessible communication between partners. HoneyDue is the only app on the list offering joint bank accounts, making it an ideal choice for couples who want to share their finances. And the best part? It’s completely free.
Final Thoughts:
Personal finance apps are an excellent way to control your finances and achieve your objectives. This article taught you a great deal about the top five personal finance apps for couples to monitor expenditures.
Various applications are available for saving, investing, monitoring expenses, and creating a budget. A personal finance app can enhance your money management, whether solitary or in a relationship.
Frequently Asked Questions
Yes, there are several free budgeting applications available that can help you monitor your expenses, set financial objectives, and manage your finances. Mint, Personal Capital, and Honeydue are examples of such services.
The best budgeting apps depend on individual preferences and needs, but some popular options include Mint budget app for couples, You Need a Budget, Goodbudget, Monarch Money, and HoneyDue. Each app offers unique features such as account syncing, envelope budgeting, joint account access, and more.
There is no one “best” budgeting app that suits everyone’s needs, as each family budget app with multiple users has its unique features and benefits. The best budgeting app depends on an individual’s preferences and financial situation.
