May 21, 2025 1:52 pm CDT
MoneysMyLife
SUBSCRIBE
  • Home
  • Bank Bonuses
    • Featured Bank Offers
      • BMO Bonuses
      • Chase Bonuses
      • Axos Bank Bonuses
      • KeyBank Bonuses
      • Live Oak Bank Bonuses
      • Upgrade Bonuses
    • Best Bank Bonuses
    • Best Bank Bonuses w/o Direct Deposit
    • Best Free Business Checking Accounts
    • Best Savings Rates
    • Best CD Rates
    • All Bank Bonuses
  • Investing Offers
    • Best Crypto Bonuses (Free BTC & More)
    • Best Investment Research Tools
    • Best Brokerage Offers
    • Best Real Estate Offers
    • Best Robo-Advisor Offers
    • Best Stock Brokers
    • All Investing Offers
  • Deals & Sign Up Bonuses
    • Best Referral & Sign Up Bonuses
    • Best Cash Back Shopping
      • Best Cash Back Shopping Bonuses
      • TopCashback $25 Exclusive Sign Up Bonus
      • Rakuten $30/$40 Sign Up Bonus
      • RebatesMe $45 Welcome Offer
    • Best Mattress Discounts & Coupons
    • Best Contests & Sweepstakes
    • Best Amazon Coupons & Deals
    • Best Freebie Deals
    • All Deals
  • Money Guides
    • Guide to Bank Bonuses
    • Guide to Investment Research
      • Guide to Seeking Alpha
      • Guide to Interactive Brokers
      • Guide to Investment Research Tools
    • Guide to Cash Back Shopping Apps
    • Guide to Student Loan Repayment Strategies
    • Guide to Get-Paid-To (GPT)
    • Financial Calculators
    • All Money Guides & Tips
No Result
View All Result
MoneysMyLife
  • Home
  • Bank Bonuses
    • Featured Bank Offers
      • BMO Bonuses
      • Chase Bonuses
      • Axos Bank Bonuses
      • KeyBank Bonuses
      • Live Oak Bank Bonuses
      • Upgrade Bonuses
    • Best Bank Bonuses
    • Best Bank Bonuses w/o Direct Deposit
    • Best Free Business Checking Accounts
    • Best Savings Rates
    • Best CD Rates
    • All Bank Bonuses
  • Investing Offers
    • Best Crypto Bonuses (Free BTC & More)
    • Best Investment Research Tools
    • Best Brokerage Offers
    • Best Real Estate Offers
    • Best Robo-Advisor Offers
    • Best Stock Brokers
    • All Investing Offers
  • Deals & Sign Up Bonuses
    • Best Referral & Sign Up Bonuses
    • Best Cash Back Shopping
      • Best Cash Back Shopping Bonuses
      • TopCashback $25 Exclusive Sign Up Bonus
      • Rakuten $30/$40 Sign Up Bonus
      • RebatesMe $45 Welcome Offer
    • Best Mattress Discounts & Coupons
    • Best Contests & Sweepstakes
    • Best Amazon Coupons & Deals
    • Best Freebie Deals
    • All Deals
  • Money Guides
    • Guide to Bank Bonuses
    • Guide to Investment Research
      • Guide to Seeking Alpha
      • Guide to Interactive Brokers
      • Guide to Investment Research Tools
    • Guide to Cash Back Shopping Apps
    • Guide to Student Loan Repayment Strategies
    • Guide to Get-Paid-To (GPT)
    • Financial Calculators
    • All Money Guides & Tips
SUBSCRIBE
No Result
View All Result
MoneysMyLife
No Result
View All Result
Home Other

EveryDollar (everydollar.com) Review: Easy Budgeting From Dave Ramsey

Diana Mason by Diana Mason
October 26, 2022 1:55 am CDT
in Other
0
Earn a $300 cash bonus with BlueVine!
Rakuten Referral banner

Created by personal finance guru Dave Ramsey, EveryDollar is a simple budgeting software that helps you give every single one of your hard-earned dollars a job, so you know exactly where your money’s going. The tool, combined with Ramsey’s Baby Steps method, gives you a game plan for reaching your financial goals.

See all the best personal finance apps here.

How EveryDollar Works

EveryDollar uses a budgeting method that’s very similar to the envelope system known as zero-based budgeting. With this method, you’ll plan ahead, creating budgeting categories and pre-assigning portions of your income to those categories. That means you’ll plan your entire month’s expenses ahead of time.


Dave Ramsey’s Baby Steps Method

Both created by Dave Ramsey, EveryDollar and the Baby Steps method work hand-in-hand. The latter is a guide to help you get out of debt and build your wealth. The seven goals of Baby Steps are:

  1. Save $1,000 as an emergency fund.
  2. Pay off all debt using the snowball method.
  3. Save 3 to 6 months worth of expenses.
  4. Save 15% for retirement.
  5. Start a college fund for the kids.
  6. Pay off the house.
  7. Build wealth and give.

It’s intended that you complete each goal before you move on to the next one. To view your progress, click “Baby Steps” on the left menu bar.

You’ll get to see how much you’ve saved or paid off for each step as well as tips straight from Ramsey’s blog for conquering each goal.


EveryDollar Features

Simple, user-friendly and appealing to the eye, EveryDollar clearly does not want to do much more than help you budget. And for that, it does well. Below are some noteworthy features:

Easy to Use

Adding a transaction is easy peasy. Just follow the steps below:

  1. Enter the transaction amount
  2. Choose the date of the transaction
  3. Type in the merchant name (store, restaurant, etc.)
  4. Choose a budget category
  5. Split the transaction if you need to (ie: a Target run might cover several categories)

Detailed Categories

With EveryDollar, you can make as many main and subcategories as you want. Easily scroll through to see what you plan on spending, what you’ve already spent, and what’s left in that budget category.  

Create Funds

For special expense categories that aren’t recurring every month and that you want to save up for, you can create a “Fund.” Examples include car insurance, house repairs, Christmas gifts and vacations.

By establishing a fund, you can budget to save a certain amount every month until you need it down the road.

Multiple Users

The app has the ability to sync between multiple users, so everyone knows exactly how much is spent and what’s left.


EveryDollar Pricing

EveryDollar is free for the basic version, but you’ll have to manually add transactions. For $99 a year, the Plus Plan lets you connect to your bank accounts and credit cards, and automatically syncs transactions.

PlanFREEPLUS
Annual cost$0$99
Create unlimited budgetsXX
Keep your budget up to date with the appXX
Eliminate debt using Debt SnowballXX
Connect your bank to your budget with FastTrack–X
Keep your bank accounts and credit cards in one place –X
Get full access to support staff–X

EveryDollar Customer Support & Satisfaction

The EveryDollar website has a basic Help Center that’s set up like an FAQ page with topics and questions listed in the Table of Contents. If you need additional help, the only way to get it is to fill out the Request Help form. There is no option to get assistance via email, phone or live chat if you’re on the free EveryDollar plan. For those on the paid Plus Plan, you’ll get full access to EveryDollar’s support staff.

EveryDollar averages a rating of 4.0 out of 5 stars from 3,285 reviews on Google Play and 4.3 out of 5 stars from 2,640 reviews on iTunes. Although the majority of reviews were positive, it seems customers had a few recurring complaints. Check out EveryDollar’s shortcomings below:

  • Limited free version. You’ll have to manually track all your transactions because the free version doesn’t sync up to your bank accounts and credit cards.
  • Paid plan is not cheap. While not super expensive, it’s hard to commit to $99 a year when there are so many budgeting tools on the market that cost way less and when you’re trying to get out of debt.
  • No reporting features. The most you’ll get is a colored graph on the right sidebar that gives you category breakdowns of your spending. It’s perfect as a quick overall update, but it doesn’t give you any deep insights.

Bottom Line

Great for those trying to dig themselves out of debt, EveryDollar utilizes Dave Ramsey’s Baby Steps method to help you gain financial freedom. It’s super easy to add transactions, customize categories and create funds. Plus, it syncs automatically to your significant other’s phone. Go take the free version on test run and see how you like it!

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.

Interactive Brokers Logo Click here to see why Interactive Brokers is the #1 brokerage for serious investors!

Related


Discover more from MoneysMyLife

Subscribe to get the latest posts sent to your email.

Tags: everydollar
Tweet13Share21Share4Pin5SendShareSend
Amazon Prime Big Deal Days 2023 Amazon Prime Big Deal Days 2023 Amazon Prime Big Deal Days 2023
Diana Mason

Diana Mason

My passion for travel eventually led me away from the 9 to 5 office life and into the embrace of freelance work. Born in Cali and raised in Philly, I am a creative professional with a delightful knack for words. When I'm not gallivanting across the globe, you can find me writing (of course), teaching yoga, and dreaming of my next big adventure.

Leave a Reply Cancel reply

Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.

Your email address will not be published. Required fields are marked *

Newsletter

Get new posts by email:

Featured Articles

Seeking Alpha Discount and Free Trial Promo Codes

Seeking Alpha Discount & Promo Codes – Exclusive Deal May 2025

May 16, 2025 11:40 pm CDT

Best Checking & Savings Account Bonuses: Earn Cash With Top Bank Promotions

May 15, 2025 3:27 pm CDT

*Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card and banking companies from which MoneysMyLife.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MoneysMyLife.com does not include all credit card and banking companies or all available credit card and banking offers. This content is not provided or commissioned by the bank advertiser. Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. This site may be compensated through the bank advertiser Affiliate Program.

© 2024 MoneysMyLife. All rights reserved.

  • About
  • Advertiser Disclosure
  • Disclaimer
  • Privacy
  • Terms
  • Contact
No Result
View All Result
  • Home
  • Bank Bonuses
    • Featured Bank Offers
      • BMO Bonuses
      • Chase Bonuses
      • Axos Bank Bonuses
      • KeyBank Bonuses
      • Live Oak Bank Bonuses
      • Upgrade Bonuses
    • Best Bank Bonuses
    • Best Bank Bonuses w/o Direct Deposit
    • Best Free Business Checking Accounts
    • Best Savings Rates
    • Best CD Rates
    • All Bank Bonuses
  • Investing Offers
    • Best Crypto Bonuses (Free BTC & More)
    • Best Investment Research Tools
    • Best Brokerage Offers
    • Best Real Estate Offers
    • Best Robo-Advisor Offers
    • Best Stock Brokers
    • All Investing Offers
  • Deals & Sign Up Bonuses
    • Best Referral & Sign Up Bonuses
    • Best Cash Back Shopping
      • Best Cash Back Shopping Bonuses
      • TopCashback $25 Exclusive Sign Up Bonus
      • Rakuten $30/$40 Sign Up Bonus
      • RebatesMe $45 Welcome Offer
    • Best Mattress Discounts & Coupons
    • Best Contests & Sweepstakes
    • Best Amazon Coupons & Deals
    • Best Freebie Deals
    • All Deals
  • Money Guides
    • Guide to Bank Bonuses
    • Guide to Investment Research
      • Guide to Seeking Alpha
      • Guide to Interactive Brokers
      • Guide to Investment Research Tools
    • Guide to Cash Back Shopping Apps
    • Guide to Student Loan Repayment Strategies
    • Guide to Get-Paid-To (GPT)
    • Financial Calculators
    • All Money Guides & Tips

© 2024 moneysmylife. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.