Draft:EveryDollar

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EveryDollar
Company typePrivate
IndustryPersonal finance, Software
Founded2015; 9 years ago (2015)
FounderDave Ramsey
HeadquartersFranklin, Tennessee,
United States
Area served
United States
ProductsWeb application, mobile application
ParentRamsey Solutions
Websitewww.everydollar.com

EveryDollar is a personal financial management website and mobile app for the United States created by Dave Ramsey's Ramsey Solutions (which also produces The Ramsey Show and wrote The Total Money Makeover ).[1][2] The app officially launched in 2015 and surpassed 1 million users in 2016.[3]

Overview

EveryDollar was created by "personal finance guru Dave Ramsey to help users make the budgeting process easier.[4] It is a personal budget alternative to spreadsheets that allows users to closely monitor and track their spending.[5]

EveryDollar uses the zero-based budgeting method, where users give a job to every dollar and keep track of where all their money is going.[6] This approach helps users put all of their income "toward something specific."[7]

The app integrates "visuals, easy-to-read charts, and automatic calculations" in the budgeting process and has a focus on paying off debt.[8][9][10]

Users can sign up for either a free or paid version.[11] In the free version, users can create budgets and track spending.[12] In the paid version, users have access to custom reports, and bank connectivity, which allows transactions to import into the budget.[11]

Awards and Recognition

  • Tom's Guide – Best Budgeting Apps[13]
  • Forbes – Best Budgeting Apps / Best for Getting Out of Debt[14]
  • CNN – Best Budgeting Apps / Best for Zero-Based Budgeting[15]
  • Fortune – 10 Best Budgeting Apps / Best for First-Time Budgeters[16]

See also

References

  1. ^ "EveryDollar Tool Takes the Stress Out of Budgeting". The Spectrum. 28 March 2015. Retrieved 25 June 2024.
  2. ^ Ramsey, David (2024). The Total Money Makeover. Thomas Nelson. p. 204. ISBN 978-1400342525.
  3. ^ "More Than 1 Million Users Budget With EveryDollar". Business Wire. 27 January 2016. Retrieved 25 June 2024.
  4. ^ "EveryDollar review: A back-to-basics budget app". Moneywise. 21 July 2023. Retrieved 9 July 2024.
  5. ^ "How to Talk About Money With Your Partner". Investopedia. 1 May 2024. Retrieved 26 June 2024.
  6. ^ "How a Lawyer and Side Finance Coach Paid Off Student Debt". Business Insider. 12 March 2020. Retrieved 27 June 2024.
  7. ^ "Making Your Monthly Budget". Microsoft. 5 August 2021. Retrieved 27 June 2024.
  8. ^ "Money Management for Young Adults with Autism" (PDF). Education Resources Information Center. 1 December 2020. Retrieved 9 July 2024.
  9. ^ "EveryDollar Explained! 13 Tips for Using the Dave Ramsey Budget App". Parade. 15 January 2020. Retrieved 9 July 2024.
  10. ^ "The EveryDollar App Review". Medium. 11 March 2020. Retrieved 9 July 2024.
  11. ^ a b "The Best Budget Apps of 2021". CNN. 21 October 2021. Retrieved 27 June 2024.
  12. ^ "Mostly Free Resources for Almost Everyone". Chase Dooley. 7 September 2021. Retrieved 27 June 2024.
  13. ^ "The Best Budgeting Apps". Tom's Guide. 18 August 2022. Retrieved 24 June 2024.
  14. ^ "Best Budgeting Apps of June 2024". Forbes. 3 June 2024. Retrieved 24 June 2024.
  15. ^ "The Best Budgeting Apps in June 2024". CNN. 5 June 2024. Retrieved 24 June 2024.
  16. ^ "The 10 Best Budgeting Apps for 2024". Fortune. 14 June 2024. Retrieved 24 June 2024.

External Sites

Category:2015 software Category:Accounting software Category:Mobile applications Category:Web applications Category:Account aggregation providers Category:Finance websites Category:IOS software Category:Android (operating system) software

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