Table of contents
User-Friendly Interface
EveryDollar offers an intuitive and clean interface, making it easy for users to navigate and manage their budgets without a steep learning curve.
Zero-Based Budgeting
The app is built around the zero-based budgeting approach, encouraging users to allocate every dollar of their income to specific expenses, savings, or investments, which can enhance financial discipline.
Free Version Available
EveryDollar offers a free version with core features, allowing users to start budgeting without any financial commitment.
Integration with Ramsey's Financial Advice
Created by Dave Ramsey’s team, EveryDollar integrates seamlessly with his financial principles and tools, providing consistency for those following his personal finance advice.
Goal Tracking
The app allows users to set and track financial goals, helping them stay focused on their financial priorities and long-term objectives.
We have collected here some useful links to help you find out if EveryDollar is good.
Check the traffic stats of EveryDollar on SimilarWeb. The key metrics to look for are: monthly visits, average visit duration, pages per visit, and traffic by country. Moreoever, check the traffic sources. For example "Direct" traffic is a good sign.
Check the "Domain Rating" of EveryDollar on Ahrefs. The domain rating is a measure of the strength of a website's backlink profile on a scale from 0 to 100. It shows the strength of EveryDollar's backlink profile compared to the other websites. In most cases a domain rating of 60+ is considered good and 70+ is considered very good.
Check the "Domain Authority" of EveryDollar on MOZ. A website's domain authority (DA) is a search engine ranking score that predicts how well a website will rank on search engine result pages (SERPs). It is based on a 100-point logarithmic scale, with higher scores corresponding to a greater likelihood of ranking. This is another useful metric to check if a website is good.
The latest comments about EveryDollar on Reddit. This can help you find out how popualr the product is and what people think about it.
Along the way, I've used both mint.com & everydollar.com as free budgeting platforms. The former will track all of your non-cash transactions in a single location while the former allows to-the-penny budgeting. You can pay for Everydollar to auto-track your bank transactions, but DR has some major beef with American Express, so you can't link an AmEx account to it. Source: over 2 years ago
So get an online app that tracks every income and expense, I myself use the free app everydollar.com but there are others too. Source: over 2 years ago
You need to put together a monthly budget in order to get over the fear of "not having enough money left over at the end of the month" I use everydollar.com, its free and works great. Source: about 3 years ago
I use everydollar.com to budget as a free account. Source: about 3 years ago
I get no commissions for this, but I've been using everydollar.com for years now to help with budgeting and I highly recommend it! Doesn't make the discipline to keep to a budget any easier, but it's helpful to see percentages of where my money is going (50% is on housing rn *sigh*). Source: over 3 years ago
You can just make an excel sheet (through gmail) or sign up for everydollar.com and make a budget there. Source: over 3 years ago
One point where I stray somewhat from orthodox Dave is I'm ok with having a credit card. We have credit cards that offer rebates, points, gift cards when used under certain circumstances. We have an EF securely in place, and every dollar is budgeted before it is spent (on everydollar.com !). So we do most of our planned spending on the credit card and pay it all off immediately and let the credit card company... Source: over 3 years ago
Get on a budget every month, even if you are a millionaire. I use everydollar.com the free account app it works on my iphone. if the app was not available I use google sheets and have it on my phone. Source: over 3 years ago
Everydollar.com - We all know who owns this. Source: over 3 years ago
I budget using a free account called everydollar.com and I manage my self-employment bookkeeping using waveapps.com. Source: over 3 years ago
So I budget using everydollar.com and I keep a google sheet for my budget notes. Source: over 3 years ago
EveryDollar, a budgeting tool developed by Dave Ramsey, stands out in the personal finance sector for its zero-based budgeting approach. This methodology ensures that every dollar has a designated purpose, resonating particularly with those who follow Ramsey's financial principles. However, the public opinion on EveryDollar reflects a mix of appreciation and criticism, centering on its pricing, features, and functionality.
Many users appreciate EveryDollar for its straightforward approach to budgeting, which aligns well with Dave Ramsey's debt-paying philosophy. The tool's focus on ensuring that every dollar has a task is particularly appealing to those who wish to maintain rigorous control over their finances. Users have also highlighted how the free version of EveryDollar serves as a sufficient tool for creating and monitoring budgets without incurring costs.
For individuals who are just beginning to budget or are in significant debt, EveryDollar provides a user-friendly interface that makes manual budgeting more approachable. Positive sentiments also note the comprehensive nature of its platform when used in conjunction with the Ramsey+ ecosystem, which offers educational resources.
Despite its advantages, EveryDollar is often critiqued for several reasons:
Pricing: The transition from the free version to EveryDollar Plus, which costs $129.99 annually, is a significant jump that some users find expensive. The premium version primarily adds the feature of automatic transaction imports, which competitors like Mint offer for free.
Limited Features: Several users and reviews note that EveryDollar lacks some advanced features offered by competing platforms like Mint or YNAB. Features like importing data from other tools, the ability to create recurring transactions, and seamless integration with certain banks (notably American Express) are either missing or restricted to the paid version.
Manual Data Entry: A common complaint is the necessity for users to manually input transactions unless they opt for the paid version, which could be cumbersome and time-consuming. This aspect makes the platform less competitive compared to those that prioritize automation.
In comparison to other budgeting tools, EveryDollar sits within a competitive space rich with alternatives. Platforms like Mint offer a comprehensive set of features for free, while YNAB, albeit expensive, provides dynamic budgeting tools that many users prefer. EveryDollar’s connection to Dave Ramsey’s brand gives it unique leverage, attracting a specific audience that values Ramsey's financial guidance. However, for users seeking an economical and feature-rich platform with automation capabilities, EveryDollar might not be the first choice.
Overall, EveryDollar suits those who are already aligned with, or are seeking to adopt, Dave Ramsey’s financial principles and don’t mind the trade-off between manual input and structured budgeting guidance. However, potential users should weigh the cost against their personal needs and consider whether the platform aligns with their budgeting preferences.
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