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{{Short description|Web- and Mobile-based personal financial management service}}
{{Short description|Web- and Mobile-based personal financial management service}}
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'''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]]'').<ref name="spectrum">{{cite web |title=EveryDollar Tool Takes the Stress Out of Budgeting |url=https://www.thespectrum.com/story/news/local/2015/03/28/everydollar-tool-takes-stress-budgeting/70607474/ |website=The Spectrum |access-date=25 June 2024 |date=28 March 2015}}</ref><ref name="businesswire">{{cite web |title=More Than 1 Million Users Budget With EveryDollar. |url=https://www.businesswire.com/news/home/20160127005790/en/More-Than-1-Million-Users-Budget-with-EveryDollar |website=Business Wire |access-date=25 June 2024 |date=27 January 2016}}</ref>
'''EveryDollar''' is a [[personal financial management]] website and [[mobile app]] for the United States created by [[Dave Ramsey]]'s Ramsey Solutions (which also produces ''[[The Ramsey Show]]'' and wrote ''[[The Total Money Makeover]]'' ).<ref name="spectrum">{{cite web |title=EveryDollar Tool Takes the Stress Out of Budgeting |url=https://www.thespectrum.com/story/news/local/2015/03/28/everydollar-tool-takes-stress-budgeting/70607474/ |website=The Spectrum |access-date=25 June 2024 |date=28 March 2015}}</ref><ref name="tmmo">{{cite book |last=Ramsey |first=David |author-link=Dave Ramsey |date=2024 |title=The Total Money Makeover |publisher=Thomas Nelson |page=204 |isbn= 978-1400342525}}</ref> The app officially launched in 2015 and surpassed 1 million users in 2016.<ref name="businesswire">{{cite web |title=More Than 1 Million Users Budget With EveryDollar. |url=https://www.businesswire.com/news/home/20160127005790/en/More-Than-1-Million-Users-Budget-with-EveryDollar |website=Business Wire |access-date=25 June 2024 |date=27 January 2016}}</ref>

Starting in 2005 as Gazelle Budget on [[Dave Ramsey]]'s mytotalmoneymakeover.com,<ref>https://www.mytotalmoneymakeover.com</ref> EveryDollar officially launched in 2015 and surpassed 1 million users in 2016.<ref name="businesswire"/>


==Overview==
==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."<ref name="businesswire"/> It is a [[personal budget]] alternative to [[spreadsheet]]s that allows users to closely monitor and track their spending.<ref name="investopedia">{{cite web |title=How to Talk About Money With Your Partner |url=https://www.investopedia.com/how-to-talk-about-money-with-partner-8612447 |website=Investopedia |access-date=26 June 2024 |date=1 May 2024}}</ref>
EveryDollar was created by "personal finance guru [[Dave Ramsey]] to help users make the budgeting process easier.<ref name="moneywise">{{cite web |title=EveryDollar review: A back-to-basics budget app |url=https://moneywise.com/managing-money/budgeting/everydollar |website=Moneywise |access-date=9 July 2024 |date=21 July 2023}}</ref> It is a [[personal budget]] alternative to [[spreadsheet]]s that allows users to closely monitor and track their spending.<ref name="investopedia">{{cite web |title=How to Talk About Money With Your Partner |url=https://www.investopedia.com/how-to-talk-about-money-with-partner-8612447 |website=Investopedia |access-date=26 June 2024 |date=1 May 2024}}</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 helps users put all of their income "toward something specific."<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>
The app integrates "visuals, easy-to-read charts, and automatic calculations" in the budgeting process and has a focus on paying off debt.<ref name="Autism_at-a-Glance">{{cite web |title=Money Management for Young Adults with Autism |url=https://files.eric.ed.gov/fulltext/ED617350.pdf |website=Education Resources Information Center |access-date=9 July 2024 |date=1 December 2020}}</ref><ref name="Parade">{{cite web |title=EveryDollar Explained! 13 Tips for Using the Dave Ramsey Budget App |url=https://parade.com/979541/jessicasager/dave-ramsey-budget-app-everydollar-tips/ |website=Parade |access-date=9 July 2024 |date=15 January 2020}}</ref><ref name="Medium">{{cite web |title=The EveryDollar App Review |url=https://medium.com/techuisite/the-everydollar-app-review-177fed84c689 |website=Medium |access-date=9 July 2024 |date=11 March 2020}}</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"/>
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"/>
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* [[Forbes]] – Best Budgeting Apps / Best for Getting Out of Debt<ref name="forbes">{{cite web |title=Best Budgeting Apps of June 2024 |url=https://www.forbes.com/advisor/banking/best-budgeting-apps/ |website=Forbes |access-date=24 June 2024 |date=3 June 2024}}</ref>
* [[Forbes]] – Best Budgeting Apps / Best for Getting Out of Debt<ref name="forbes">{{cite web |title=Best Budgeting Apps of June 2024 |url=https://www.forbes.com/advisor/banking/best-budgeting-apps/ |website=Forbes |access-date=24 June 2024 |date=3 June 2024}}</ref>
* [[CNN]] – Best Budgeting Apps / Best for Zero-Based Budgeting<ref name="cnn_2024">{{cite web |title=The Best Budgeting Apps in June 2024 |url=https://www.cnn.com/cnn-underscored/money/best-budgeting-apps |website=CNN |access-date=24 June 2024 |date=5 June 2024}}</ref>
* [[CNN]] – Best Budgeting Apps / Best for Zero-Based Budgeting<ref name="cnn_2024">{{cite web |title=The Best Budgeting Apps in June 2024 |url=https://www.cnn.com/cnn-underscored/money/best-budgeting-apps |website=CNN |access-date=24 June 2024 |date=5 June 2024}}</ref>
* DollarSprout – 8 Best Budgeting Apps / Best for Envelope System Budgeting<ref name="dollarsprout">{{cite web |title=8 Best Budgeting Apps for 2024 |url=https://dollarsprout.com/best-budgeting-apps/ |website=DollarSprout |access-date=24 June 2024 |date=24 April 2024}}</ref>
* [[Fortune (magazine)|Fortune]] – 10 Best Budgeting Apps / Best for First-Time Budgeters<ref name="fortune">{{cite web |title=The 10 Best Budgeting Apps for 2024 |url=https://fortune.com/recommends/banking/best-budgeting-apps/ |website=Fortune |access-date=24 June 2024 |date=14 June 2024}}</ref>
* [[Fortune (magazine)|Fortune]] – 10 Best Budgeting Apps / Best for First-Time Budgeters<ref name="fortune">{{cite web |title=The 10 Best Budgeting Apps for 2024 |url=https://fortune.com/recommends/banking/best-budgeting-apps/ |website=Fortune |access-date=24 June 2024 |date=14 June 2024}}</ref>
* Good Financial Cents – 7 Best Budgeting Apps / Best for Dave Ramsey Followers<ref name="goodfinancialcents">{{cite web |title=The 7 Best Budgeting Apps of 2024 |url=https://www.goodfinancialcents.com/best-budgeting-apps/ |website=Good Financial Cents |access-date=24 June 2024 |date=8 January 2024}}</ref>


==See also==
==See also==
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* [[The Ramsey Show]]
* [[The Ramsey Show]]
* [[Personal budget|Personal Budget]]
* [[Personal budget|Personal Budget]]
* [[The Total Money Makeover]]


== References ==
== References ==

Revision as of 19:00, 10 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 created by Dave Ramsey's Ramsey Solutions (which also produces The Ramsey Show and wrote The Total Money Makeover ).[1][2] The app officially launched in 2015 and surpassed 1 million users in 2016.[3]

Overview

EveryDollar was created by "personal finance guru Dave Ramsey to help users make the budgeting process easier.[4] It is a personal budget alternative to spreadsheets that allows users to closely monitor and track their spending.[5]

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.[6] This approach helps users put all of their income "toward something specific."[7]

The app integrates "visuals, easy-to-read charts, and automatic calculations" in the budgeting process and has a focus on paying off debt.[8][9][10]

Users can sign up for either a free or paid version.[11] In the free version, users can create budgets and track spending.[12] In the paid version, users have access to custom reports, and bank connectivity, which allows transactions to import into the budget.[11]

Awards and Recognition

  • Tom's Guide – Best Budgeting Apps[13]
  • Forbes – Best Budgeting Apps / Best for Getting Out of Debt[14]
  • CNN – Best Budgeting Apps / Best for Zero-Based Budgeting[15]
  • Fortune – 10 Best Budgeting Apps / Best for First-Time Budgeters[16]

See also

References

  1. ^ "EveryDollar Tool Takes the Stress Out of Budgeting". The Spectrum. 28 March 2015. Retrieved 25 June 2024.
  2. ^ Ramsey, David (2024). The Total Money Makeover. Thomas Nelson. p. 204. ISBN 978-1400342525.
  3. ^ "More Than 1 Million Users Budget With EveryDollar". Business Wire. 27 January 2016. Retrieved 25 June 2024.
  4. ^ "EveryDollar review: A back-to-basics budget app". Moneywise. 21 July 2023. Retrieved 9 July 2024.
  5. ^ "How to Talk About Money With Your Partner". Investopedia. 1 May 2024. Retrieved 26 June 2024.
  6. ^ "How a Lawyer and Side Finance Coach Paid Off Student Debt". Business Insider. 12 March 2020. Retrieved 27 June 2024.
  7. ^ "Making Your Monthly Budget". Microsoft. 5 August 2021. Retrieved 27 June 2024.
  8. ^ "Money Management for Young Adults with Autism" (PDF). Education Resources Information Center. 1 December 2020. Retrieved 9 July 2024.
  9. ^ "EveryDollar Explained! 13 Tips for Using the Dave Ramsey Budget App". Parade. 15 January 2020. Retrieved 9 July 2024.
  10. ^ "The EveryDollar App Review". Medium. 11 March 2020. Retrieved 9 July 2024.
  11. ^ a b "The Best Budget Apps of 2021". CNN. 21 October 2021. Retrieved 27 June 2024.
  12. ^ "Mostly Free Resources for Almost Everyone". Chase Dooley. 7 September 2021. Retrieved 27 June 2024.
  13. ^ "The Best Budgeting Apps". Tom's Guide. 18 August 2022. Retrieved 24 June 2024.
  14. ^ "Best Budgeting Apps of June 2024". Forbes. 3 June 2024. Retrieved 24 June 2024.
  15. ^ "The Best Budgeting Apps in June 2024". CNN. 5 June 2024. Retrieved 24 June 2024.
  16. ^ "The 10 Best Budgeting Apps for 2024". Fortune. 14 June 2024. Retrieved 24 June 2024.

External Sites

Category:2015 software Category:Accounting software Category:Mobile applications Category:Web applications Category:Account aggregation providers Category:Finance websites Category:IOS software Category:Android (operating system) software

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