EveryDollar Review: What To Know About Dave Ramsey’s Budgeting App

4.3

GBR RATING

GOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

GOBankingRates Score

Quick Take: Dave Ramsey's EveryDollar is a zero-based budgeting app designed to help people take control of their finances. It claims to help users find up to an extra $400 hiding in plain sight and cut expenses by nearly 10% — all within the first month. However, to avail yourself of the most helpful features, you'll have to sign up for a paid subscription.

EveryDollar Overview

Dave Ramsey’s EveryDollar budgeting app is one of many such apps, including You Need A Budget and Empower. It offers a free version with limited features and a more robust paid version, which is called Premium. Here’s how Dave Ramsey’s budgeting app stacks up to the competition.

Key Features 

When determining whether a product or service is right for you, it can help to examine the key features. Here’s what you need to know about the EveryDollar app. 

Cost 

The app is available in a free and upgraded version. You can opt to pay monthly or annually — $12.99 per month or $79.99 per year. You can save close to 50% off the month-to-month price by paying annually. And if you’re not sure if the app is for you, you can get a 14-day free trial of the Premium version to check out its budgeting features.

Customer Service

If you have questions about the EveryDollar app, you can call the Ramsey Concierge team, Monday and Wednesday from 10 a.m. to 5 p.m. and Tuesday, Thursday and Friday from 8 a.m. to 5 p.m. CT. You can also submit a request for support via EveryDollar’s online help center.

Ease of Use 

According to customer reviews, EveryDollar is straightforward and easy to use. 

The upgraded version is more user-friendly than the free version, however, because it’s more feature-rich. For example, it connects to your bank and expenses will stream to your budget automatically. If you choose the free version of the app, you have to manually add your expenses.

Tools and Resources

The free version of the EveryDollar app offers users the following features:

• Ability to create monthly budgets
• Track transactions
• Customize items and categories
• Sync budget data across devices
• Set up sinking funds
• Set due dates for expenses

However, the Premium version of the app has all of the features of the free version plus many more, including:

• Bank connectivity
• Financial roadmap
• Paycheck planning
• Goal setting
• Group financial coaching
• Custom budget reports
• Smart tracking recommendations

How EveryDollar Stands Out 

The EveryDollar budgeting app stands out because it’s based on the budgeting principles and knowledge of Dave Ramsey. If you’re a fan of the financial guru, you’ll likely find the app to be peppered with familiar tenets. You will also appreciate the more robust features of the Premium version of the app, which can help you sink your teeth into all aspects of your budgeting. 

Comparable Budgeting App Options 

If you’re planning to subscribe to the paid version of EveryDollar, you’ll want to make sure it’s the right choice — and get your money’s worth. Here’s some information about a couple of comparable budgeting app options to help you decide if EveryDollar is worth a try. 

You Need A Budget

Like EveryDollar, YNAB is also a zero-based budgeting app, but it’s more expensive than EveryDollar. EveryDollar is $12.99 monthly or $79.99 annually, whereas YNAB is $14.99 monthly or $99 annually. However, YNAB offers a longer free trial period — 34 days versus EveryDollar’s 14-day free trial. Additionally, YNAB gives college students a 365-day free trial.

Goodbudget

Goodbudget uses a digital form of the envelope method. This is similar to zero-based budgeting in that it requires you to assign your money to categories. Like EveryDollar, Goodbudget has a free plan and a paid plan to access upgraded features. It costs $10 per month or $80 per year. Goodbudget does not have a free trial like EveryDollar, but you can request a full refund up to 30 days after signing up.

How To Get Dave Ramsey’s EveryDollar App

The EveryDollar app is available from both Google Play and the App Store. It has a 4.7 out of 5-star rating on the App Store and a 3.4-star rating on Google Play.

Who EveryDollar Is Best For 

The EveryDollar app is available in a bare-bones free version and a Premium version that has quite a few additional features. If you are a fan of Dave Ramsey, are interested in zero-based budgeting and are looking for a basic budgeting app or a premium paid version, the EveryDollar app is a good option.

If you’re not a fan of Dave Ramsey, there are other free budgeting apps that have more features and also some paid ones that you might find to be better. 

Final Take 

If you’re a fan of Dave Ramsey and you’re looking for a free zero-based budgeting app that provides the basics, you’ll likely be satisfied. If you want to be more hands-on with your budgeting, the Premium version of the app is more suitable. However, after the two-week free trial, you’ll either have to pay $12.99 a month or $79.99 annually if you want to have access to the upgraded features in the app.

Information is accurate as of July 24, 2024. 

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

Share This Article: