App name: Goodbudget Budget Planner
Publisher: Dayspring Technologies
Available on: iPhone, iPad, iPod touch and Android
What’s it supposed to do? Help users set and maintain a budget using categories or envelopes. The app helps you allocate where you spend your money and helps you keep track of where your money goes.
Ease of use (4/5): Goodbudget makes it easy to set a budget and split it into separate categories. The app doesn’t sync to your payment accounts, so you have to manually enter transactions. However, the interface is easy to navigate, so it’s not difficult to input payments.
Features (4/5): Goodbudget is based on the envelope budgeting system. You can allocate a certain amount of money to each envelope — groceries, gas, utilities, rent, etc. — and track your spending for each category. The app also generates charts to help you visualize your spending habits.
Goodbudget also allows you to sync your budget with the cloud, making it accessible from other devices. So if you and your spouse set a budget, both of you can view and update the budget as you make payments.
Effectiveness (3/5): The virtual envelope system allows for simple money management. Goodbudget makes it easy to input transactions and see where your money is going. If you’re diligent in adding every transaction, you’ll have a better view of your spending habits.
Value (4/5): This app is basically an on-the-go version of stuffing an envelope with cash and allocating it for a certain expense. The features and visuals will help keep you in control of your finances. This free app can help you save money over time.
Verdict (15/20) Great choice: Goodbudget is a great resource for managing your spending. If you’re diligent in recording your transactions, you’ll get a thorough view of your money management. The intuitive interface allows you to get the most out of the app and help you save money.