In case you have plans of moving into your new house with your partner or your significant other, there occurs a necessity for co-managing money. This is definitely not going to be as easy as you think because it requires more careful planning and equanimity. Many couples might be experiencing this for the very first time and it is when financial issues arise. Not just moving into a new house, it could be them getting married or having a baby, be it anything, cutting down some expenses and planning ahead would be a wise thing to do.
For all these stressful situations, budget apps for couples can be convenient to monitor you with all your monthly expenses including groceries, health check-up, etc. It could be intrinsically essential to guide you while saving money to pay off debts quicker than ever.
Top 5 Budget Apps for Couples
Let's have a look at some of the best budget apps for couples that will help them spend quality time together without having to think much about their expenditure:
1. Better Haves
This app is created exclusively for couples who like to be controlled while saving money. In short, the envelope system for saving cash! The concept of envelope system is straightforward. All you need to do is, mention yours and your partner's daily expenses in a synced app and the app decides how much to contribute for each category that's specified.
In addition to that, you can have a glance at the combined amount that's present in the envelope or individual envelopes. You can make use of shared envelopes for right expenses like grocery, electricity bill or maybe dining out on the weekend! However, always keep a track on financial details as the number of online frauds has increase. You can keep your identify safe using sites such as Identity Force & many more.
Mint is one of the finest and oldest finance budgeting apps that offers a pile of features assisting you to save money! It is owned by a company named Intuit and is well known for its other apps named QuickBooks and TurboTax. The best part is you can keep track of your money from a massive record of banks, lenders, credit/debit card issuers, etc.
It has quite many features including the budget tools that is situated in the front and center when you log into the app. Mint also keeps track of your transactions through credit/ debit cards that are linked to your app, thereby looking after the budget for different categories. You also get alerts when the budget crosses the limit and it tracks by category to get an overall figure of where exactly the money is spent and how much more of money is spent on which category.
3. Pocket Guard
As the name suggests, pocket Guard is pocket-friendly and its primary concern is to stop you from spending money unnecessarily on unwanted stuff. This is one of those budget apps for couples that are linked to all your financial accounts, thereby helping you to have a well-rounded picture of where exactly your money goes every week /month.
This app is straightforward to set up and it's worth to have a budget app of this sort so that you can have a closer look at your daily expenses, income bills and savings too. Individual bills will be taken into consideration by pocket card. It will offer you many opportunities to save money. Pocket Guard is vigilant about recurring bills from phone or TV and provides a better deal on monthly services. All in all, it's a great app to lower the expenses and lead a decent life.
4. Goodbudget
Goodbudget was previously known as Easy Envelope Budget Aid. This is an excellent choice for those couples who wish to do the budgeting process together. It uses the familiar envelope system for maintaining the perfect budget for all your bills and fun spending. It is great for those couples who can't keep track of the money in their financial accounts.
You can also share and sync budgets on Android and iPhone using this app. It is a highly flexible budget app for couples which can track all your bills and expenses individually. You can also add everyday expenses on your envelope and get an idea about your daily fun purchase.
The next best budget app for a couple is Honeydue. You begin by creating an account and then inviting your partner for careful budgeting. The budgets are very flexible regarding transparency to your partner. For instance, if you do not wish to share your budget with your partner (such as phone bills), you can hide it but other collective expenses could be planned together.
You also have the additional feature of chatting within an app whenever you desire to notify your partner about any plans regarding the expenses or smart budgeting. You can respond to any odd transactions that happen without your knowledge to avoid confusions. The surprising part is that you can use emojis while chatting.
Honeydue supports a massive number of banks and cards. The only con of this app is that the computer version is not available and is a little annoying at times.
In Conclusion
As a whole, these budget apps for couples manage to offer most of the things that you might need in an ideal budgeting app for you to chat with your partner and discuss how smartly you can handle the expenses and save up a bit for paying off the debts. Almost all the apps that I've mentioned are free to download and each one of them gives you a unique experience.
