Sharing Finances: The 10 Best Budgeting Apps for Couples in 2023
If you and your partner need to get in sync with your finances, consider a budgeting app.
Budgeting can feel like enough of a challenge on its own. Using a budgeting app to help track multiple income sources and spending can provide some relief. Not only can you track your finances, but you can work together toward a unified budget.
The Benefits of Budgeting Apps for Couples
While not everyone shares bank accounts, all couples can benefit from learning to manage money together. A 2022 Cornell study concluded that couples who pooled their finances into joint accounts report experiencing longer, happier and more stable relationships.
These relationship benefits correlated closely with communicating clearly about the big financial picture and coordinating shared savings goals. Fortunately, whether you and your partner share the same account or maintain individual accounts, budget apps can provide the same benefits.
We’ve researched, downloaded and tested the top budgeting apps available for Apple and Android devices to help couples manage combined finances. Situations vary, so we’ve provided multiple options, allowing you to pick the app that best fits your financial needs.
10 Best Budgeting Apps for Couples
Free, or 15% of reduced bills
Free, or premium version for $8/mo. or $70/yr.
Free, or gold version for $8.99/mo. or $39.99/yr.
Free, or $1 for ad-free, $5 for premium
$5.99/mo. or $47.99/yr.
Free, or premium for $7.99/mo. or $34.99/yr.
You Need a Budget
$14.99/mo. or $99/yr.
Breaking Down the Best Budgeting Apps for Couples
These budgeting apps will help couples tackle shared expenses, achieve joint money goals and build a strong financial future together.
1. Trim: Best for Cutting Expenses
Trim: Best for Cutting Expenses
- Analyzes accounts and spending for savings
- Negotiate bills and cancel subscriptions
- Tiered pricing on plans
Trim has a few tricks up its sleeves for couples who want help saving for the future and managing their current expenses. The app connects to your bank to make budgeting easier, automatically importing transactions to analyze spending patterns and make smart recommendations.
Trim can also find and help cancel any unwanted subscriptions that you may have forgotten. For services that you wish to keep — such as your cable, internet and phone — Trim can attempt to negotiate lower pricing deals. Trim will even go as far as attempting to negotiate down your medical bills if desired.
The majority of Trim’s offerings, such as transaction monitoring and subscription cancellation, are free, but you’ll pay up to 15% of your annual savings if you opt for bill negotiation. If you want an AI-powered budgeting tool, Trim is a solid option for couples.
2. Goodbudget: Best Envelope Budgeting System
Goodbudget: Best Envelope System
- Good for cash envelope budgeters
- Tracks your debt payoff progress
This app uses virtual envelopes for your various spending categories. If you’re using the free version, you get 20 envelopes. The paid version allows you unlimited envelopes.
Another difference between the two versions: You can use the app on only two devices with the free version; whereas with the paid version, you can use up to five devices.
With Goodbudget, you’ll need to be comfortable manually updating your envelopes when you make purchases or uploading your transaction history from your bank. The app does not sync to bank accounts to track spending in real time.
3. Honeydue: Best for Separate Accounts
Honeydue: Best for Separate Accounts
- Tracks spending, debt and investments
- Choose what to share with your partner
- Merge money with joint banking
Honeydue helps you and your partner stay on the same page by letting you track spending and saving together, collectively manage debt and save for the future.
Like its name implies, Honeydue has a feature that reminds you and your honey when bills are due. You can also chat with your partner directly in the app about all things financial.
4. Wally: Best for Joint Finances
Wally: Best for Joint Finances
- Build flexible goals to control spending
- Financial calendar for upcoming bills
- Create a family group to budget together
Wally is a budgeting app that emphasizes building savings and staying organized. Use the Wally app to create a flexible budget that can adjust to your budgeting needs. You can view your progress toward paying off debt or saving up for a specific goal. You can also connect your bank account and view all your spending across various categories.
A clear view of your financial situation is critical, and Wally can provide a solid overview thanks to its insights feature, highlighting spending habits and cash flow patterns. Those trying to stay on top of their charges can view Wally’s built-in financial calendar for a better overview of upcoming and past bills.
Our favorite feature of Wally, which makes it perfect for couples, is the ability to create groups to share finances with family, friends, roommates and more. You can sync accounts and see a consolidated view of joint credit cards, savings and loan accounts. You can also group budgets so that multiple individuals can work together toward a shared goal.
5. Mint: Best Free Budget App
Mint: Best Free Budget App
- Track spending with your partner
- Set alerts about upcoming bills
- Create unlimited spending categories
Mint has been around for over a decade and is known as a tried-and-true money management system. You and your other half can get on budget together by syncing your bank accounts and creating as many spending categories as you’d like.
Mint sends you reminders about upcoming bills so you and your partner stay on top of paying everything on time. It’ll also alert you when you’re low on funds. You can use Mint to meet savings goals and for insight on where you’re overspending.
One downside of this app, however, is that it can feel a bit cluttered with ads and offers — a common criticism of free apps.
Learn more from our Mint review.
6. Simplifi: Best Finance App for Beginners
Simplifi: Best Finance App for Beginners
- Simple interface that’s good for beginners
- Links to loans, 401(k), credit cards and more
- Backed by Quicken customer support
Simplifi remains one of our favorite budgeting apps for couples or individuals. When we first tested Simplifi, its simple layout and design made budgeting feel less intimidating. If you’re looking for a way to budget without confusion, Simplifi is a steadfast recommendation.
The Simplifi app enables you to connect all of your financial data, including bank accounts, credit cards, loans and 401(k) accounts. You and your significant other can keep a close eye on your accounts, establishing a bird’s-eye view.
Once connected, you can set financial goals and budgets to work toward your ideal future. If you go off track, Simplifi will even show you how much money you had planned initially to spend and how much you did spend.
7. Empower: Best for Investment Tracking
Empower: Best for Investment Tracking
- Links to all your financial accounts
- Calculates your net worth
- Offers a retirement planning tool
Empower (formerly Personal Capital) is for the couple that’s serious about their future together — particularly their financial future.
In addition to keeping tabs on your day-to-day spending, the app links to your 401(k)s and IRAs so you can see how you’re tracking toward retirement. It even offers a free retirement planner tool.
Empower also factors in financial information like your mortgage and other loans to give you a complete picture of your net worth.
8. PocketGuard: Best Automated Features
PocketGuard: Best Automated Features
- Tells you how much money you can spend
- Creates custom reports on your spending
- Helps you pay off debt
PocketGuard syncs your bank accounts, credit cards, loans and investments so you and your partner get an overall view of your shared finances. It automatically builds your budget based on your income, recurring bills and financial goals you’ve set.
The premium version — PocketGuard Plus — includes additional features like customized spending categories and ways to track cash purchases.
9. You Need a Budget: Best for Zero-Based Budgeting
YNAB: Best for Zero-Based Budgeting
- Good for zero-based budgeters
- Creates reports to assess your spending
- Can use on almost any device
You Need a Budget, or YNAB, is for couples who want to stay on top of every dollar they make and make sure that money is going to good use.
This app is set up around the zero-based budgeting method and is designed to help you and your significant other save money and get out of debt. YNAB identifies areas of overspending and gives you suggestions on how to adjust. It also makes recommendations for your budget based on your goals.
You can access this budgeting tool from almost any device — including your Apple Watch or Amazon Echo. With YNAB, you’ll never have an excuse not to pull up your budget.
Learn more from our YNAB review.
10. Zeta: Best for Split Expenses
Zeta: Best for Split Expenses
- Tracks personal and shared spending
- Control what info your partner can see
- Offers a joint account
Zeta is a budgeting app designed specifically for couples. It’s set up so you can manage shared and individual accounts together, but you’re in control of what information you want your partner to see.
You can sync your bank accounts or choose to manually update your budget. If you want to leave a note for your significant other about a questionable transaction, you can do that within the app. Zeta also has a split transactions feature so you can get your other half to pay you back for household bills.
When it comes to planning a vacation or saving for a house, Zeta has a section for money goals so you can stay on track.
5 Things to Consider When Selecting a Couples Budgeting App
We’ve given you a bunch of options to choose from. In order to nail down what will work best for you and your significant other, consider the following factors.
1. Preferred Features
Think about how you’ll use your budgeting app. Do you want something that syncs to your bank account to capture spending in real time? Or do you and your partner have a regular household budget meeting where you’ll manually record transactions in the app over a couple of drinks?
How you prefer to manage your personal capital might not be the same method that works for a shared budget app.
2. Financial Goals
The right personal finance app for you as a couple will encourage action on shared financial goals (like saving for a down payment on a house) and adapt well to your money management style.
Some couples’ budgeting apps are best for enforcing spending limits, while other budgeting apps can help you craft and stick to a monthly budget or split up and pay bills.
Are you OK with ads or do you prefer a platform that limits those distractions?
Cost is another factor. Free is a great price, but some people feel more motivated to actually use what they’ve downloaded when they’re forking over monthly fees for a premium subscription. For instance, will you be more likely to keep track of your spending if you have unlimited envelopes or other features that encourage daily use?
If you do go with a budgeting app that charges a monthly fee, test it out with a free trial first. If it isn’t something you love, cancel the trial and try something else. You can always start with a free account (like a Mint account) and upgrade later.
4. Sharing Options
It’s OK not to share everything as a couple, and that includes some financial information. If you do plan to keep individual accounts, find a budget planner app that allows you to connect bank accounts but still customize what you share with your partner.
For instance, consider if you want to share account balances on unlimited accounts, including credit cards. Or you may prefer sharing a checking account or a few savings accounts to be managed jointly.
5. Multiple Devices
And if you’re Team Apple and your honey is Team Android, don’t sweat. All the options above are compatible with both operating systems.
Keep in mind that the best budgeting app for you as a couple is the one you’ll actually use together. So if the interface on Android doesn’t automatically sync accounts or the different spending categories don’t quite fit your life, be open to exploring other apps.
Michael Archambault is a former senior writer at The Penny Hoarder specializing in technology. Kaz Weida and Nicole Dow also contributed.