EveryDollar Review: A Beginner-Friendly Digital Budgeting Tool

Since getting serious about my personal finances, I started trying out different budgeting apps to discover which one was best suited for me. I’m a little bit of a perfectionist with OCD tendencies, so I have been keeping track of my budget on paper in my budget binder, on my computer in an Excel spreadsheet, and on my cellphone with budgeting apps (don’t judge me for the redundancy 😊).

I stumbled across Dave Ramsey’s EveryDollar app in March 2022. EveryDollar is a great simple start for budgeting beginners. The budgeting system was the ideal app to use on my iPhone. I found EveryDollar to be perfect for my personal budget needs and strategy.

In this post, I’ll give an overview of EveryDollar and my experience with the app.

What is EveryDollar?

EveryDollar is a budgeting app created by financial expert Dave Ramsey. The budgeting software is ideal for individuals who use the zero-based budgeting method in which every dollar earned is assigned to a category.

How Does EveryDollar Work?

EveryDollar is available on iPhone, Android, and computer desktop. Users can sign-up for the free or paid version. The premium features will cost $129.99 per year. You can try the premium version, EveryDollar Plus, for free by signing up for a 15-day trial.

Features of the free EveryDollar version:

  • Unlimited budgets
  • Manual expense tracking
  • Email support

Features of EveryDollar Plus (the paid subscription):

  • Unlimited budgets
  • EveryDollar syncs to your bank account and auto-populates your transactions
  • Tracking of debt balances, interest, and minimum payments
  • Phone support
  • Coaching calls and priority support

First, you will enter your monthly income. You can add various income sources and the total will be shown at the top of the app. I liked this feature because I wanted to visually see a breakdown of the income that I receive from two employers each month. NerdWallet didn’t provide this feature.

After entering your income, you will enter your expenses by category. EveryDollar allows you to breakdown your expenses by categories (referred to as “group”) and subcategories (referred to as “item”), unlike NerdWallet. EveryDollar comes with preset categories. You can add unlimited categories. Within the categories, you will track your transactions.

I started using the EveryDollar software on my cellular device. Immediately, I was bombed because I thought I was limited to using the generic, autogenerated group titles. On my phone, I could change the title of the subcategories/items but not the overall group title. Fortunately, you can add, reorganize, and change the title of groups and subcategories on the desktop version.

Pros of EveryDollar

1. It is easy to use and has a simple dashboard.

2. The customizability is amazing and gives full control of categories just like a spreadsheet. You can even move the category groups around by clicking and dragging the group to your desired location. I love that I can literally make the EveryDollar webpage look exactly like my printed budget tracker and Excel spreadsheet. This makes it so easy to compare the information. However, most of the best customization options are only available on the desktop browser.

3. Some capabilities are limited on the phone app, so you’ll need to login on a desktop browser.

4. You can see your debt balances on your budget sheet.

Cons of EveryDollar:

1. The premium version costs $129.99 a year which would be an extra bill.

2. Account syncing to your bank and/or credit card is only available with the paid subscription.

3. Transactions are not automatically categorized.

4. No investment monitoring.

5. No bill management tools.


A budget is the starting point for managing your money, and EveryDollar is a simple solution for zero-based budgeters. EveryDollar is a good program to use for everyday budgeting needs. However, if you want a more comprehensive view of your finances and net worth, then I would recommend exploring other finance management apps.

This post is NOT sponsored by EveryDollar.

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