12 Dec 2018
#FinancialBytes: 5 best money management apps for couples
Money management and budgeting apps are becoming increasingly popular these days for keeping one's finances under control.
While many such apps are available for individuals, those addressing specific needs of couples sharing finances are quite new.
These can come in quite handy for couples to monitor their expenses, track savings goals, analyze spending habits, etc.
Here are 5 best money management apps for couples.
Honeydue is the most popular finance app for couples
Honeydue is considered the best personal finance management app for couples.
It syncs with the users' bank accounts and tracks balances, bills, spending, etc. Couples can also create custom categories and bill reminders.
They can set budgets or household spending limits on every category; they are also notified if they are nearing the limits.
YNAB, a useful app for couples to work on budget
You Need A Budget, or YNAB as it is commonly referred to, is a unique and interesting app for couples as well as individuals to work on their budget based on their income.
Features offered include bank account and transaction syncing, goal tracking, and spending trend reports among others.
Zeta is designed for the modern-day couple
Zeta is a free web app focused on helping couples to track their finances and save together.
It collects data from users' accounts and allows them to share their finances with each other, track their wealth, review monthly spending, and also get advice on improving their finances. It also provides month analysis reports.
Users have control over what information is shared with their partners.
Honeyfi makes it easy to manage money as a couple
It lets users add all their bank accounts, credit cards, loans, and investments. It also creates their budget automatically based on previous spending.
Users can edit the suggested budget and track their spending against it. They can also create custom categories to track expenses and choose what to share with partners.
Goodbudget app works on the envelope budgeting system
Goodbudget is another useful app that works on envelope budgeting system - dividing money or creating separate envelopes for different monthly expenses like grocery, bills, savings, etc. and using money for a particular task only from its corresponding envelope.
It allows users to link bank accounts and create envelopes and syncs their budgets across partners' devices.