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EveryDollar uses the [[zero-based budgeting|zero-based budgeting method]], where users give a job to every dollar and keep track of where all their money is going. <ref name='businessinsider">{{cite web |title=How a Lawyer and Side Finance Coach Paid Off Student Debt |url=https://www.businessinsider.com/how-a-lawyer-and-side-finance-coach-paid-off-student-debt |website=Business Insider |access-date=27 June 2024 |date=12 March 2020}}</ref> This approach “can help prevent overspending and ensure every dollar has a purpose” as users put all of their income “toward something specific.” <ref name="appconner">{{cite web |title=EveryDollar |url=https://us.appconner.com/app-everydollar |website=Appconner |access-date=24 June 2024}}</ref> <ref name="microsoft">{{cite web |title=Making Your Monthly Budget |url=https://www.microsoft.com/en-us/microsoft-365-life-hacks/budgeting/how-to-make-a-monthly-budget |website=Microsoft |access-date=27 June 2024 |date=5 August 2021}}</ref>
EveryDollar uses the [[zero-based budgeting|zero-based budgeting method]], where users give a job to every dollar and keep track of where all their money is going. <ref name='businessinsider">{{cite web |title=How a Lawyer and Side Finance Coach Paid Off Student Debt |url=https://www.businessinsider.com/how-a-lawyer-and-side-finance-coach-paid-off-student-debt |website=Business Insider |access-date=27 June 2024 |date=12 March 2020}}</ref> This approach “can help prevent overspending and ensure every dollar has a purpose” as users put all of their income “toward something specific.” <ref name="appconner">{{cite web |title=EveryDollar |url=https://us.appconner.com/app-everydollar |website=Appconner |access-date=24 June 2024}}</ref> <ref name="microsoft">{{cite web |title=Making Your Monthly Budget |url=https://www.microsoft.com/en-us/microsoft-365-life-hacks/budgeting/how-to-make-a-monthly-budget |website=Microsoft |access-date=27 June 2024 |date=5 August 2021}}</ref>


Users can sign up for either a free or paid version. <ref name="cnn_2021">{{cite web |title=The Best Budget Apps of 2021 |url=https://edition.cnn.com/2021/10/21/cnn-underscored/best-budget-app |website=CNN |access-date=27 June 2024 |date=21 October 2021}}</ref> In the free version, users can create budgets and track spending. <ref name="github">{{cite web |title=Mostly Free Resources for Almost Everyone |url=https://github.com/chasedooley/mostly-free-resources-for-almost-everyone |website=Chase Dooley |access-date=27 June 2024 |date=7 September 2021}}</ref> <!-- In the paid version, users have access to custom reports, recommendations based on their budget habits, and bank connectivity, which allows transactions to appear automatically in the budget. <ref name="nerdwallet">{{cite web |title=The Best Budget Apps for 2024 |url=https://www.nerdwallet.com/article/finance/best-budget-apps |website=NerdWallet |access-date=24 June 2024 |date=20 February 2024}}</ref> -->
Users can sign up for either a free or paid version. <ref name="cnn_2021">{{cite web |title=The Best Budget Apps of 2021 |url=https://edition.cnn.com/2021/10/21/cnn-underscored/best-budget-app |website=CNN |access-date=27 June 2024 |date=21 October 2021}}</ref> In the free version, users can create budgets and track spending. <ref name="github">{{cite web |title=Mostly Free Resources for Almost Everyone |url=https://github.com/chasedooley/mostly-free-resources-for-almost-everyone |website=Chase Dooley |access-date=27 June 2024 |date=7 September 2021}}</ref> In the paid version, users have access to custom reports, and bank connectivity, which allows transactions to import into the budget.<ref name="cnn_2021"/>
<!-- In the paid version, users have access to custom reports, recommendations based on their budget habits, and bank connectivity, which allows transactions to appear automatically in the budget. <ref name="nerdwallet">{{cite web |title=The Best Budget Apps for 2024 |url=https://www.nerdwallet.com/article/finance/best-budget-apps |website=NerdWallet |access-date=24 June 2024 |date=20 February 2024}}</ref> -->


==Awards and Recognition==
==Awards and Recognition==

Revision as of 19:08, 2 July 2024

EveryDollar
Company typePrivate
IndustryPersonal finance, Software
Founded2015; 9 years ago (2015)
FounderDave Ramsey
HeadquartersFranklin, Tennessee,
United States
Area served
United States
ProductsWeb application, mobile application
ParentRamsey Solutions
Websitewww.everydollar.com

EveryDollar is a personal financial management website and mobile app for the United States produced by Dave Ramsey’s Ramsey Solutions (which also produces The Ramsey Show). [1] [2]

Starting in 2005 as Gazelle Budget on Dave Ramsey’s mytotalmoneymakeover.com, EveryDollar officially launched in 2015 and surpassed 1 million users in 2016.[2]

Overview

EveryDollar was created by “personal finance expert Dave Ramsey to help people take control of their money so that they can pay off debt and save for the future.”[2] It is a personal budget alternative to spreadsheets that allows users to closely monitor and track their spending. [3]

EveryDollar uses the zero-based budgeting method, where users give a job to every dollar and keep track of where all their money is going. [4] This approach “can help prevent overspending and ensure every dollar has a purpose” as users put all of their income “toward something specific.” [5] [6]

Users can sign up for either a free or paid version. [7] In the free version, users can create budgets and track spending. [8] In the paid version, users have access to custom reports, and bank connectivity, which allows transactions to import into the budget.[7]


Awards and Recognition

  • Tom’s Guide – Best Budgeting Apps [9]
  • Forbes – Best Budgeting Apps / Best for Getting Out of Debt [10]
  • CNN – Best Budgeting Apps / Best for Zero-Based Budgeting [11]
  • DollarSprout – 8 Best Budgeting Apps / Best for Envelope System Budgeting [12]
  • Fortune – 10 Best Budgeting Apps / Best for First-Time Budgeters [13]
  • Good Financial Cents – 7 Best Budgeting Apps / Best for Dave Ramsey Followers [14]

See Also

References

  1. ^ "EveryDollar Tool Takes the Stress Out of Budgeting". The Spectrum. 28 March 2015. Retrieved 25 June 2024.
  2. ^ a b c "More Than 1 Million Users Budget With EveryDollar". Business Wire. 27 January 2016. Retrieved 25 June 2024.
  3. ^ "How to Talk About Money With Your Partner". Investopedia. 1 May 2024. Retrieved 26 June 2024.
  4. ^ "How a Lawyer and Side Finance Coach Paid Off Student Debt". Business Insider. 12 March 2020. Retrieved 27 June 2024.
  5. ^ "EveryDollar". Appconner. Retrieved 24 June 2024.
  6. ^ "Making Your Monthly Budget". Microsoft. 5 August 2021. Retrieved 27 June 2024.
  7. ^ a b "The Best Budget Apps of 2021". CNN. 21 October 2021. Retrieved 27 June 2024.
  8. ^ "Mostly Free Resources for Almost Everyone". Chase Dooley. 7 September 2021. Retrieved 27 June 2024.
  9. ^ "The Best Budgeting Apps". Tom’s Guide. 18 August 2022. Retrieved 24 June 2024.
  10. ^ "Best Budgeting Apps of June 2024". Forbes. 3 June 2024. Retrieved 24 June 2024.
  11. ^ "The Best Budgeting Apps in June 2024". CNN. 5 June 2024. Retrieved 24 June 2024.
  12. ^ "8 Best Budgeting Apps for 2024". DollarSprout. 24 April 2024. Retrieved 24 June 2024.
  13. ^ "The 10 Best Budgeting Apps for 2024". Fortune. 14 June 2024. Retrieved 24 June 2024.
  14. ^ "The 7 Best Budgeting Apps of 2024". Good Financial Cents. 8 January 2024. Retrieved 24 June 2024.

External Sites

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