Goodbudget – Family Budget Planner and Expense Tracker

Digital envelope budgeting app for families enabling real-time expense tracking, synchronized budget sharing across devices, and comprehensive financial planning.

About Goodbudget: Budget & Finance

Goodbudget is a digital envelope budgeting app that enables families and individuals to manage their finances using a modernized version of the traditional cash envelope system. Users create virtual envelopes for different spending categories and track expenses in real-time while maintaining complete financial visibility.

The app synchronizes seamlessly across multiple devices, allowing families to collaborate on budget planning and expense tracking. With secure cloud backup, detailed spending reports, and support for multiple accounts and currencies, Goodbudget provides comprehensive financial management tools for users seeking simplicity, control, and collaborative budgeting.

Features Of Goodbudget: Budget & Finance

  • Virtual envelope budgeting system based on proven cash envelope method
  • Real-time expense tracking optimized for speed and efficiency
  • Envelope and account balance monitoring across multiple devices
  • Goal and Annual Envelopes for savings planning and future objectives
  • Scheduled transactions and automatic envelope fills for recurring expenses
  • Income and expense splitting across multiple categories
  • Spending by envelope and income versus spending reports
  • Multi-device synchronization across Android, iPhone, and web
  • Secure automatic backup to Goodbudget's encrypted cloud servers
  • Search and transaction filtering with customizable date ranges

Premium Features in the Paid Plan

  • Unlimited regular and annual envelopes for comprehensive budget organization
  • Automatic bank connection and transaction import from financial institutions
  • Sync across up to five different devices simultaneously
  • Seven years of complete transaction history and archival
  • CSV export for further analysis in spreadsheets and accounting software
  • QFX and OFX bank statement import for reconciliation
  • Personal and friendly priority email support
  • Automatic transaction categorization through machine learning
  • Advanced budget templates and custom period settings
  • Enhanced mobile widgets and notification features

Free with subscription options (Plus: $49.99/year, Premium: $79.99/year)

Free vs Premium Comparison

Feature Free Premium
Envelopes 10 regular and 10 annual envelopes Unlimited regular and annual envelopes
Device Sharing Single device access Sync up to 5 devices
Transaction History Current month only 7 years of history
Bank Connection Manual entry only Automatic bank sync import
Reports Basic spending report Advanced multi-view reports
Customer Support Email support Priority personal email support
Data Export Limited options CSV, QFX, and OFX export
Budget Sharing View only Full collaborative editing

Frequently Asked Questions

How does the envelope budgeting system work in Goodbudget?

Create virtual envelopes for spending categories like groceries or entertainment. Assign monthly budgets to envelopes. As you record expenses, money deducts from appropriate envelopes. Unused funds roll over monthly, rewarding responsible spending and creating a tangible budget visual.

Can my family share a single Goodbudget account?

Yes! Premium subscribers can sync their budget across up to 5 devices and share with family members. Everyone sees real-time updates when transactions occur, ensuring alignment on household finances and collaborative decision-making.

Is my financial data safe with Goodbudget cloud backup?

Absolutely. Your data is encrypted during transmission and stored securely on Goodbudget's servers. Automatic daily backups ensure your financial information is protected. You can request data deletion anytime through account settings.

What's included in the free version of Goodbudget?

The free version includes 10 regular and 10 annual envelopes, basic income/spending reports, single device access, and unlimited manual expense entry. Premium unlocks unlimited envelopes, multi-device sync, and 7 years history.

Can I connect my bank accounts to Goodbudget?

Bank connection is available to Premium subscribers. Connect accounts on the Goodbudget website to automatically import transactions. The app can then categorize imports and match them with manual entries for accurate reconciliation.

How do I use Goal Envelopes in Goodbudget?

Goal Envelopes help save for specific future objectives. Set a target amount and deadline. Regularly contribute funds, and watch your progress toward the goal. Perfect for vacation savings, emergency funds, or large purchase planning.