10 Best Budget Apps for Couples to Handle Finances in 2023

Do you need help managing your finances? The next time you swipe your debit card or are unsure if your spouse has paid a credit card charge, consider integrating your efforts and finances into one practical budget software. This will not only help you save money but most likely a few arguments as well.

Spending less and managing your money better is both possible with budget apps for couples. These apps can be useful if you want to put as much extra cash toward paying off debt as possible or want to set aside some more money for savings goals. According to Statista, By 2027, the market is predicted to generate US$755.50 billion in revenue, with a growth rate of 8.58% per year (CAGR 2022–2027). Therefore, if you live with someone else, your financial actions suddenly impact more than just you. Having an app that you can use could be the budgeting tool for keeping track of your shared spending, saving, or financial objectives. 

Because of this, there are a ton of budgeting applications available; some of them are even ideal for couples. To decide which budgeting applications are best for couples, select, examine and contrast a range of choices, considering their costs, features, and customer feedback.

Top Budget Apps for Couples

1. Honeydue –

Honeydue is a popular budget apps for couples. It is the only one to provide joint bank accounts. In other words, you can share loans, investments, checking and savings accounts with your partner, but the app lets you both decide which accounts to join. Although the application is free, you will be requested to tip the developers monthly. You can opt to do this or not.

2. Buxfer –

Buxfer contains numerous features that are comparable to those offered by Mint. It’s especially suitable for younger couples who want to create long-term wealth together. To understand where your money goes, you may keep track of your transactions using personalized tags. You may anticipate future expenses to avoid overdraft penalties and other financial surprises based on your purchasing habits.

3. Simplifi –

Simplifi is a great budgeting app that will help you achieve your financial objectives with certainty. The name of this budgeting tool says it all: It’s an easy method to save money, keep track of costs, and make plans. The organizations’ robust spend tracking features work with various financial institutions, including bank accounts, debit cards, credit cards, mortgages, and more. Although managing daily costs is possible with the Simplifi app, users like how this tool helps long-term financial objectives.

4. The Knot –

The finest money-management tool for couples creating a budget for their special day is the wedding planning app from The Knot. The software has a useful budgeting feature that makes keeping track of wedding costs simple and quick. To keep within your budget, specify your maximum wedding cost before you begin. In addition, you’ll get a useful overview of your budget compared to how much you’ve already spent.

5. GoodBudget –

The Goodbudget application enables users to monitor household expenditures using the “envelope method.” According to the envelope technique, users divide a specific portion of their monthly income across many categories (or digital “envelopes”) marked for expenses such as food, rent, date nights, travel, and debt repayment. With this technique, you and your partner can allocate money according to how you need to divide your needs into many spending areas.

6. EveryDollar –

The EveryDollar budgeting tool helps users to construct a financial plan by assigning each dollar to a certain category. Additionally, it offers a function that enables couples to split a budget. EveryDollar is intended for use across various devices and by numerous users, whereas Mint is primarily intended for individual users. More than 10 million people have downloaded the EveryDollar app so far, saving an average of $332 in the first three months.

7. Mint –

Mint, the top-rated personal financial application on the market, must be included on any list of the budget apps for couples. Although the Mint app isn’t specifically designed for couples, the fact that it allows you to connect multiple accounts may make it simpler for couples to automatically categorize their spending. Every time you log in, it automatically retrieves your balances and transactions and classifies typical expenses like Bills & Utilities. You may instantly check the total value of your assets and follow their development. 

8. Pocketguard –

PocketGuard is another budget-friendly application for couples to explore. The app determines how much cash you have available for spending (“in your pocket”) after you’ve set aside enough for goals and requirements. You and your significant other can access the same profile by logging in with the same username and password on several devices. Your categories can be added to and modified. When you set up categories, you’ll get customized reports with a pie chart displaying the percentage of your entire budget that each category represents.

9. Empower –

Empower (formerly Personal Capital) is much more than a budgeting tool but offers one. In other words, a practical remedy and unquestionably among the top free budgeting apps for couples in 2023. While it’s not as feature-rich as some other couple’s budgeting apps, you and your spouse can use it in various significant ways that might greatly improve your comprehension of your financial situation. The ability of the Empower app to consolidate all of your financial accounts in one location has to be one of its strongest features.

10. YNAB –

YNAB, which stands for You Need a Budget, is perfect budget apps for couples who want to discover a way to make every single dollar a task to reach their goals. You can use this tool to help you budget for all your expenses, including those that don’t occur every month. In contrast to other budgeting programs, which often categorize your spending for you, YNAB users assign each dollar based on their priorities and what is significant to them. You may test it out for 34 days free with this zero-based budgeting technique.

Why You Should Use a Finance-Tracking App?

After taking control of your daily spending, you may ask how to keep to a budget as a couple. Fortunately, technology can simplify it, “Apps can take your spending activity and categorize it for you, so you don’t have to manually track each expense,” says Reaves. Making the process more effective makes it simpler to incorporate budgeting into your daily routine.

Using an app has more advantages than just increasing the effectiveness of your budgeting process. Utilizing the budget apps for couples may create better financial equality in your relationship and improve your financial well-being and knowledge of money matters. Adopting a shared budgeting application allows you to move towards equal financial control in your relationship.

How Much Does it Cost to Develop a Budget App?

The cost of developing a budget apps for couples can be difficult to estimate because it depends on its features, complexity, platform, developer’s fee, number of development hours, and corporate location. According to the previous fintech apps created, the initial MVP iteration of a personal finance app would cost between $50,000 and $60,000.

The price of building a personal finance app will increase if you support multiple platforms, such as having a separate web app, tablet, or wearable app. A straightforward app for one platform typically costs around $60,000. The cost of developing an app with advanced functionality ranges between $60,000 and $150,000 per platform.

Conclusion

Select examined several applications offered by the biggest companies in this market and looked at their pricing, features, user reviews, and ratings to decide which budgeting apps give the greatest user experience.

All the budget apps for couples we selected considering this ranking are free; provide a free version or a free trial period so users can try them out before committing. Most of the customer reviews and ratings for each application in our roundup are quite positive.

If you want to make your budget app and need advice, Pairroxz Technologies has a team of experts who can assist you with web and app development services. Reach out now! 

FAQs

Question 1: How long does it take to create an app for budgeting?

Typically, it takes 356 hours to create budgeting applications. A budgeting application, however, can be created in as few as 133 hours or as much as 800 hours. The precise timetable largely depends on how complex your application is. 

Question 2: How do you set up a joint account for budgeting?

Using budgeting tools, you can link your partner’s information to your bank account or credit card information. This enables you to monitor your joint account’s spending and savings.

Question 3: How can I contact the top fintech app development company if I have a finance app idea?

From risk management to meeting compliance requirements, Pairroxz Fintech Development Company offers top-notch solutions to enable intelligent automation for contemporary issues in financial ecosystems. We assist you from conception to design and implement custom fintech applications tailored to specific business requirements.