@@JasonGenovese I actually haven't even heard of that one. Too bad, sometimes that happens and it has recently happened with several things I've reviewed on my channel.
@@JasonGenovese I'm in the same boat. I took their EverDollar deal and I'm just not happy with it. Trying to find new budget software after 15 years of using the same one is tough. :(
@@clint2627 I found a good replacement for Mvelopes. The software is called Simplifi and made by quicken. The software includes future account balances and other slick features.
So helpful! Thank you for the pros AND cons for each app. I also appreciate that you were honest about your opinion of the apps but noted where people with different circumstances or goals may see things differently.
I'm so glad it was helpful! I'm hoping to make an updated one here soon but these types of videos take SO long to make. Thanks for your feedback, Jessica!
I've used so many budgeting apps over the years, and I will always stick with YNAB. I was able to grandfather in to the annual cost of $90. Even if they were to take that back, I would still subscribe. I do still have access to YNAB 4 (on your computer, there's no more app but a website), but they have improved so many features that I rarely use it unless I want to play around with numbers/project. YNAB is also amazing for people who aren't paid reliably. If you're paid bi-weekly or you're a contract employee, YNAB makes it extremely easy to keep track of your bills. I've heard of DAS Budget, but don't see many people talk about it. It looks very promising.
Thanks for the feedback! I do like YNAB a lot even though I don’t use it for our daily finances. Thanks for the suggestion of DAS budgets, I may review that because of you!
Well I certainly understand the question. Similar to why would anyone pay for financial coaching if they need to save money? Obviously it takes money to build these apps and provide the budgeting service. But my argument would be it takes effort to keep a budget. Generally if you are actually invested in something like with a monthly fee, it'll motivate you more to keep the budget. And as a result, keeping the budget will likely save you more than the cost of the budgeting app. But I get it, if you're tight on funds, it's weird to be paying for a service. Fortunately there are several free options though!
I've been watching FinTech reviews for years but never knew that Mint has a 4-pay no-ads option. And you are one of the few RUclipsrs to cover Monarch. I'm one who wants to break down my paycheck, so that I know how much is going to retirement brokerage accounts for net worth reporting and to know tax contributions. Thanks
Thanks for stopping by Greg! To be fair, it had the option of the no ads when I wrote my script about a month ago. I’m not seeing the option right now so I’m not sure if they changed it or not. It’s good to know I’m able to show people some lesser known apps like monarch. You and me both, I break down my income entirely. It really helps with hitting goals. Let me know if there’s something else in Fintech that would be good to review!
Mint is frustrating. Every transaction’s full text string is included. So when you create a rule, the rule is for that specific text string and not something simple like the merchant name, or keywords. This renders the “rules” useless making me have to manually re-categorize transactions every single day. So I’m looking for a different app.
I certainly understand that. One of the debit cards I've reviewed does that with transactions which is super annoying too. And that would be problematic if you do use rules a lot within Mint. Let me know which app you land on to use, Joey!
The 1st con you mentioned about every dollar is massive! Ive been trying to deal with that damn program and you literally can only budger the 2nd half of the month. The 1st two weeks i have no idea where i stand unless i go through with a calculator because it doesnt even give you balances that make any sense!
I would disagree that you can only budget the second half of the month but I would say it would be easier if they changed up their settings a bit. But I think that they've started to do that recently with their paycheck planner feature. Fortunately, if you don't like EveryDollar though, there's plenty more to choose from clearly! Thanks for the feedback regardless.
@@CalebBaleFinance well on the 1st everything is out of whack because it only shows half the income at that point yet all the months bills so how am I supposed to know where I'm at the first 2 weeks? Any tips would be appreciated.
Thanks for the breakdown. I wish everydollar would show balances. I have been a quicken user for 30 years and I want the register that shows the actual balance not the cleared the bank balance. And quicken doesn't have a clue how to budget.
Hey Clint! Honestly I’m not seeing the connection to a bank account as an option in Goodbudget, even with the pro account. Sorry to be the bearer of bad news!
Fair enough. For whatever it's worth, in my newest budget app review of DAS budget, you can integrate American Express into it. Though I suspect you all are already using something that works for you. ruclips.net/video/gPk_6-8qEs4/видео.html
Thanks for this, very informative. I have used Mint in the past. The biggest problem I had was that my husband has the main credit card (and I'm a sub-user) that we use for pretty much every purchase. I have another credit card (and my husband is a sub-user) that is primarily for Costco and sometimes my husband's business expenses. On my Mint, I can't pull his credit card information in and on his Mint, he can't pull my credit card info. So it doesn't work that well! Do you know if any of these budget apps will allow for us to pull in the other credit cards?
Absolutely! Great question. I can't answer that perfectly as we don't use credit cards. But I believe that YNAB is pretty good for hooking up cards. Probably one of the best ones when it comes to connecting to banks and credit cards. It'll just cost a subscription.
Question from your Non-USA viewers, ia There one of those apps which 1) can be set to non-USD currencies and 2) allows for multiple currencies (many non-US people have local and USD accounts...
Great question! So I'm looking at a few right now to get you an answer. I know that Buddy can do other currencies. So can Fudget and YNAB. Those are the only ones I'm aware of this feature. Hope that helps!
Do any of these budget apps have account forecasting? For example, if you enter a large future expenses(s) will any of these apps include the future expenses on the account balances? I tried MINT, and it does not include this simple feature.
That's a great question, Jason. I will need to look into that further and get back with you on it. I know that some of them will allow you to input the future expense and it will then break down how much you need to save per month to hit that goal, but off the top of my head, I can't remember if any of them actually include a future expense as a part of the balance.
Excellent question and I'm afraid I don't have an answer to that! I would recommend you just try to connect it to one and see if it works. Most of these you can get a free trial with so you can attempt the syncing to your account.
I get it! But these connect to bank accounts through Plaid which is a well-known and well-trusted platform for securely connecting to bank accounts. I personally trust it.
@@CalebBaleFinance They got rid of it a few years ago, around the time that they moved to the subscription model. Now, it's only iOS/Ipad OS and Web based.
@@robertgarvansnyder4665 Oh my bad, I completely used the wrong term then. I was using the term "desktop version" for the web based version that you can access on your desktop. I understand that's not an application like a normal desktop version would be. I was just using that for the web version you can access on a computer.
Appreciate the feedback! I stopped using music in my recent videos because I'd rather no music than the wrong music. But maybe I'll get back to it and find some good tunes that fit the videos.
Heck yeah man! I found your profile on Pelotonia. Love that you're doing the two day trip. Good luck out there! I'll be cheering someone on at Pickerington.
Great question, Jacob! I'm not actually sure because I haven't ever tried it. Cashapp doesn't come up in Plaid which is the primary way of connecting bank accounts to other bank accounts or budgeting apps. So there may be another way but I'm not aware of it if so.
Fair enough, Stacey! Sounds like cash envelopes is a way better budget system for you anyways. I always find it interesting to see how other people handle their budgeting so thanks for jumping in here. Like me, monthly budgeting is the way that makes sense in my head but I certainly understand how some would find it easier to budget on a weekly or biweekly timeline.
What budget app do you use?
I've been using Mvelopes for years, but their last day of operation is 12/30/22.
@@JasonGenovese I actually haven't even heard of that one. Too bad, sometimes that happens and it has recently happened with several things I've reviewed on my channel.
@@JasonGenovese I'm in the same boat. I took their EverDollar deal and I'm just not happy with it. Trying to find new budget software after 15 years of using the same one is tough. :(
@@clint2627 I found a good replacement for Mvelopes. The software is called Simplifi and made by quicken. The software includes future account balances and other slick features.
Money lover
Never realized there was so many. YNAB is definitely one I heard of and heard great things. Great breakdown of each one!
Yes, YNAB is one of the biggest and probably most-liked of the budget apps. Thanks so much, Bessie!
So helpful! Thank you for the pros AND cons for each app. I also appreciate that you were honest about your opinion of the apps but noted where people with different circumstances or goals may see things differently.
I'm so glad it was helpful! I'm hoping to make an updated one here soon but these types of videos take SO long to make. Thanks for your feedback, Jessica!
Nice breakdown Caleb. I tried Every Dollar when I first started budgeting, but I wasnt consistent with it.
Thank you sir. It is difficult to stick to sometimes for sure! There have been many months we've had to catch up on all our expenses all at once lol
Great video, I appreciate the relaxing song in the background
Thanks!
Hey Caleb! You have some great content! I have been looking for a budget app for weeks, thanks for sharing.
Thanks so much, I appreciate it! If you end up choosing one to try, let me know which one!
I've used so many budgeting apps over the years, and I will always stick with YNAB. I was able to grandfather in to the annual cost of $90. Even if they were to take that back, I would still subscribe. I do still have access to YNAB 4 (on your computer, there's no more app but a website), but they have improved so many features that I rarely use it unless I want to play around with numbers/project. YNAB is also amazing for people who aren't paid reliably. If you're paid bi-weekly or you're a contract employee, YNAB makes it extremely easy to keep track of your bills.
I've heard of DAS Budget, but don't see many people talk about it. It looks very promising.
Thanks for the feedback! I do like YNAB a lot even though I don’t use it for our daily finances. Thanks for the suggestion of DAS budgets, I may review that because of you!
Very good summary of several budgets apps. Thanks!
Thanks so much! This video took a very long time to make so I appreciate it
Why should I pay for an app when I'm on a budget?🤨 (There are free apps for budgeting..)
Well I certainly understand the question. Similar to why would anyone pay for financial coaching if they need to save money? Obviously it takes money to build these apps and provide the budgeting service. But my argument would be it takes effort to keep a budget. Generally if you are actually invested in something like with a monthly fee, it'll motivate you more to keep the budget. And as a result, keeping the budget will likely save you more than the cost of the budgeting app. But I get it, if you're tight on funds, it's weird to be paying for a service. Fortunately there are several free options though!
so that you can pay for the budget app
Do you buy any junk food, new clothing, or spend money on anything fun, or unnecessary??
You would because not having been organized up to this point is what led you to that state.
I've been watching FinTech reviews for years but never knew that Mint has a 4-pay no-ads option. And you are one of the few RUclipsrs to cover Monarch. I'm one who wants to break down my paycheck, so that I know how much is going to retirement brokerage accounts for net worth reporting and to know tax contributions. Thanks
Thanks for stopping by Greg! To be fair, it had the option of the no ads when I wrote my script about a month ago. I’m not seeing the option right now so I’m not sure if they changed it or not. It’s good to know I’m able to show people some lesser known apps like monarch. You and me both, I break down my income entirely. It really helps with hitting goals. Let me know if there’s something else in Fintech that would be good to review!
Mint is frustrating. Every transaction’s full text string is included. So when you create a rule, the rule is for that specific text string and not something simple like the merchant name, or keywords. This renders the “rules” useless making me have to manually re-categorize transactions every single day. So I’m looking for a different app.
I certainly understand that. One of the debit cards I've reviewed does that with transactions which is super annoying too. And that would be problematic if you do use rules a lot within Mint. Let me know which app you land on to use, Joey!
great video really appreaciate the hard work
Thank you so much! This one took a ton of work so I appreciate it.
The 1st con you mentioned about every dollar is massive! Ive been trying to deal with that damn program and you literally can only budger the 2nd half of the month. The 1st two weeks i have no idea where i stand unless i go through with a calculator because it doesnt even give you balances that make any sense!
I would disagree that you can only budget the second half of the month but I would say it would be easier if they changed up their settings a bit. But I think that they've started to do that recently with their paycheck planner feature. Fortunately, if you don't like EveryDollar though, there's plenty more to choose from clearly! Thanks for the feedback regardless.
@@CalebBaleFinance well on the 1st everything is out of whack because it only shows half the income at that point yet all the months bills so how am I supposed to know where I'm at the first 2 weeks? Any tips would be appreciated.
Crazy!!! So
many budget apps out there!
I know right? Thanks for watching, Nate! Hope your foot is getting better!
Thanks! That was helpful.
My pleasure! I appreciate you dropping by!
Still team every dollar it's the simplest for me.
Yeah buddy, same here
Thanks for the breakdown. I wish everydollar would show balances. I have been a quicken user for 30 years and I want the register that shows the actual balance not the cleared the bank balance. And quicken doesn't have a clue how to budget.
Yeah that would be awesome. You can buy a subscription though which I think can show balances. I definitely like it more than Mint though
Does GoodBudget actually connect to your bank account? I can't figure out how to do that. Perhaps thats only in the paid version ?
Hey Clint! Honestly I’m not seeing the connection to a bank account as an option in Goodbudget, even with the pro account. Sorry to be the bearer of bad news!
Good review....ads on the screen would be annoying for me.
Thanks for watching bro. Yeah the ads are no good in my opinion. Which I guess is why a lot of them charge lol
You can’t link American Express to Every Dollar which is really inconvenient so we ended up leaving it.
Fair enough. For whatever it's worth, in my newest budget app review of DAS budget, you can integrate American Express into it. Though I suspect you all are already using something that works for you. ruclips.net/video/gPk_6-8qEs4/видео.html
Thanks for this, very informative. I have used Mint in the past. The biggest problem I had was that my husband has the main credit card (and I'm a sub-user) that we use for pretty much every purchase. I have another credit card (and my husband is a sub-user) that is primarily for Costco and sometimes my husband's business expenses. On my Mint, I can't pull his credit card information in and on his Mint, he can't pull my credit card info. So it doesn't work that well! Do you know if any of these budget apps will allow for us to pull in the other credit cards?
Absolutely! Great question. I can't answer that perfectly as we don't use credit cards. But I believe that YNAB is pretty good for hooking up cards. Probably one of the best ones when it comes to connecting to banks and credit cards. It'll just cost a subscription.
No idea how every dollar has so many good reviews
I mean, I guess it's just a preference. I love it but you know that
This is a great video man. very underrated. thank you
Thanks so much, Thaddeus! I appreciate it!
Question from your Non-USA viewers, ia There one of those apps which 1) can be set to non-USD currencies and 2) allows for multiple currencies (many non-US people have local and USD accounts...
Great question! So I'm looking at a few right now to get you an answer. I know that Buddy can do other currencies. So can Fudget and YNAB. Those are the only ones I'm aware of this feature. Hope that helps!
Do you have a video specifically for EveryDollar?
Yes I do! Been a while since I did it but here it is: ruclips.net/video/nGUuGy5WQXE/видео.html
Do any of these budget apps have account forecasting? For example, if you enter a large future expenses(s) will any of these apps include the future expenses on the account balances? I tried MINT, and it does not include this simple feature.
That's a great question, Jason. I will need to look into that further and get back with you on it. I know that some of them will allow you to input the future expense and it will then break down how much you need to save per month to hit that goal, but off the top of my head, I can't remember if any of them actually include a future expense as a part of the balance.
Now you can connect banks to Buddy.
Yeah I found that out! I actually just made an updated Buddy video today.
Thank you
My pleasure!
can you sync Mexcican bank accounts with any of these apps?
Excellent question and I'm afraid I don't have an answer to that! I would recommend you just try to connect it to one and see if it works. Most of these you can get a free trial with so you can attempt the syncing to your account.
How does cyber security align with theses apps? Entering bank accounts into an app is scary…
I get it! But these connect to bank accounts through Plaid which is a well-known and well-trusted platform for securely connecting to bank accounts. I personally trust it.
Correction: YNAB does not have a desktop app.
What? Dang, my bad. Did they just change it?
@@CalebBaleFinance They got rid of it a few years ago, around the time that they moved to the subscription model. Now, it's only iOS/Ipad OS and Web based.
@@robertgarvansnyder4665 Oh my bad, I completely used the wrong term then. I was using the term "desktop version" for the web based version that you can access on your desktop. I understand that's not an application like a normal desktop version would be. I was just using that for the web version you can access on a computer.
Dude, the content is great, but the music is for meditation and doesn't match.
Appreciate the feedback! I stopped using music in my recent videos because I'd rather no music than the wrong music. But maybe I'll get back to it and find some good tunes that fit the videos.
Pelotonia 2015 ❤
Did you do Pelotonia in 2015? That was one of the years I did it!
@@CalebBaleFinance yep, it was our first year & every year since! Thanks for the video by the way.
Heck yeah man! I found your profile on Pelotonia. Love that you're doing the two day trip. Good luck out there! I'll be cheering someone on at Pickerington.
Are any of these compatible with cashapp?
Great question, Jacob! I'm not actually sure because I haven't ever tried it. Cashapp doesn't come up in Plaid which is the primary way of connecting bank accounts to other bank accounts or budgeting apps. So there may be another way but I'm not aware of it if so.
Please get rid of the background music. I can hardly hear you
Thanks for the feedback. All of my recent videos don't have music in them. Thanks!
RIP Mint
I know!
Mint going away in 2024
I heard! I gotta make an updated video
I've tried every dollar but we don't budget monthly, so it was more stressful than helpful 😂
Fair enough, Stacey! Sounds like cash envelopes is a way better budget system for you anyways. I always find it interesting to see how other people handle their budgeting so thanks for jumping in here. Like me, monthly budgeting is the way that makes sense in my head but I certainly understand how some would find it easier to budget on a weekly or biweekly timeline.
Are they any envelope budging apps that allows us to pay bills within the app as well?
Very thorough review!!!
Thanks so much!