Money at 30: EveryDollar Review

What is EveryDollar and How Does it Work?

First things first: EveryDollar is a budget platform that comes from popular personal finance host Dave Ramsey and his Ramsey Solutions company. If you’ve ever listened to Ramsey, you’ll likely know that — in addition to his opposition to credit cards — he’s a big fan of a strategy called zero-based budgeting. Therefore, this tool aims to make the process of creating and maintaining a zero-based budget easier. How does it do that? Let’s walk through the process and features of EveryDollar.

EveryDollar Plus/Ramsey+

As I mentioned, in addition to the free version of EveryDollar, there is also a premium version called EveryDollar Plus — now also known as Ramsey+. This paid option adds a number of useful features but also offers access to some education materials. In fact, Ramsey+ now includes features from three apps: FinancialPeace, EveryDollar, and BabySteps. With that basic overview out of the way, here’s a closer look at what to expect from this upgrade.

Final Thoughts on EveryDollar

For those curious about creating a zero-based budget, EveryDollar is an easy-to-use option that will take you through the entire process and is highly customizable in terms of savings goals, sinking funds, and spending categories. However, in terms of usage, the need to manually enter all of your transactions seems like a deal-breaker to me. Moreover, even with the pricey EveryDollar Plus/Ramsey+ subscription that includes the ability to automatically import transaction data from your cards and accounts, you’ll still need to do a lot of work to make sure everything ends up in the right place. That may be a good thing for some people but could definitely be a turn-off for others.

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Kyle Burbank

Kyle Burbank

Kyle is author of “The E-Ticket Life” and “Write, Print, Publish, Promote” as well as a regular contributor to Dyer News, Moneyat30, and The Laughing Place.