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GoodBudget

Free

Take control of your money with Goodbudget. This budgeting app uses the envelope system to help you save money, pay off debt, and achieve your financial goals.

Business ToolsFreeFree tier
Type
Saas
Founded
2009
Company
Dayspring Partners

About GoodBudget

Goodbudget is a home budget app based on the envelope budgeting system, available on Android, iPhone, and the Web. It replaces paper envelopes with virtual ones, allowing users to allocate money into categories for spending, saving, and giving. The app syncs across devices and supports shared budgets, making it easier for couples and families to manage finances together. Features include checkbook reconciliation, accounts, recurring transactions, and tools for debt payoff and savings goals. Premium users also get pending transaction imports and running balances.

Key Features

Virtual envelope budgeting system
Sync budgets across Android, iPhone, and Web
Share budgets with family and friends
Track debt payoff with snowball method
Save for big expenses with dedicated envelopes
Checkbook reconciliation and account tracking
Recurring transactions automation
Running balances on iPhone (latest update)
Premium: import pending transactions
Available on mobile apps and web

Pros & Cons

Pros
  • Based on the proven envelope method for spending control
  • Syncs seamlessly across devices for real-time budget updates
  • Enables shared budgeting with partners or family members
  • Available on Android, iPhone, and Web, covering major platforms
  • Includes debt payoff tools and savings goal tracking
  • Community resources like blog, podcast, and budget bootcamp
Cons
  • Some advanced features (e.g., pending transaction import) require Premium subscription
  • Envelope method requires consistent manual categorizing and discipline
  • Not a full-fledged accounting or investment tracking tool

Best For

Personal household budgetingCouples and family budget managementDebt payoff planning and trackingSaving for large goals like vacations or home projectsManaging irregular income with flexible budgeting

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FAQ

How does Goodbudget handle irregular income?
Goodbudget offers guidance for irregular paychecks through blog posts and budgeting tips, helping users adjust their envelope allocations based on variable income.
Can I share my budget with my spouse or family?
Yes, Goodbudget allows you to sync and share budgets across devices, making it easy for couples and families to collaborate on spending and saving.
Is Goodbudget free?
Goodbudget offers a free tier with basic envelope budgeting. A Premium subscription unlocks additional features like pending transaction imports and running balance improvements.
What platforms does Goodbudget support?
Goodbudget is available as a web app and as native apps for iPhone and Android, with synchronization across all platforms.