This means that at the end of every month you have $0 or more in each of the budget categories in your budget app. Balancing your budget is a process that needs to be done at least once a month Otherwise, you will only be tracking your spending, which defeats the purpose of owning a budgeting app.īut to benefit from using one of these apps, you need to understand what it means to have a balanced budget. Now we’re getting down to the very reason why you might be interested in apps like these in the first place. Unlike YNAB, it doesn’t intimidate the user with numerous different options for handling accounts and credit cards. In a direct comparison, EveryDollar is the clear winner here, as it is much easier to use right out of the box. Once you’re done adding all your accounts, you will be able to distribute your budget across several different categories available on the app. Once again, you need to make an account and sign in, but you will first be greeted by a short tutorial.Īfter the tutorial, you will be prompted to add all your bank accounts, including the credit card ones. With YNAB, things are a little less intuitive and slightly more complicated. The user interface is intuitive, so you shouldn’t have any troubles completing this step. After that, you will be prompted to divide that amount over different categories like gym membership, health insurance, and sports and entertainment. You can then start off by adding your monthly income. With EveryDollar you simply need to make an account and sign in.