how much is everydollar premium

2 min read 30-12-2024

EveryDollar is a popular budgeting app created by Dave Ramsey. While the basic version is free, many users wonder about the cost of EveryDollar Premium and if the upgrade is worth it. This article will break down the pricing, features, and help you decide if EveryDollar Premium is the right choice for you.

EveryDollar Premium Pricing: What You Need to Know

The price of EveryDollar Premium is $129.99 per year. This is a one-time annual fee, not a monthly subscription. This upfront cost might seem steep compared to other budgeting apps with monthly subscriptions, but it's important to consider the features included.

There are no hidden fees or trial periods associated with EveryDollar Premium. You pay the annual fee, and you have access to all the premium features for the entire year.

What Does EveryDollar Premium Include?

EveryDollar Premium unlocks a range of powerful features not available in the free version. These features are designed to enhance your budgeting experience and improve your financial management:

Key Features of EveryDollar Premium:

Unlimited Budgets: The free version has limitations on the number of budgets you can create. Premium unlocks the ability to create as many budgets as you need – perfect for tracking multiple accounts, goals, or projects.
Group Budgeting: Collaborate with your spouse or partner on a shared budget. This feature significantly improves communication and accountability when managing finances together.
Debt Tracker: Track your progress as you pay off debt. This feature offers visual progress and helps you stay motivated.
Detailed Reporting: Gain deeper insights into your spending habits. Premium provides more comprehensive reports and data analysis to help you make informed financial decisions.
Customizable Categories: Create personalized budget categories to perfectly match your spending patterns. This improves the accuracy and helpfulness of your budget.
Priority Support: Get faster and more effective support from the EveryDollar team.

Is EveryDollar Premium Worth It?

Whether EveryDollar Premium is worth the $129.99 annual fee depends on your individual needs and budgeting style.

Here's a breakdown to help you decide:

Consider EveryDollar Premium if:

You need advanced features: The premium features like group budgeting, detailed reporting, and unlimited budgets are essential for you.
You value convenience and time-saving tools: The improved tracking and reporting features can save you time and effort in managing your finances.
You want personalized support: Having access to priority support can be incredibly valuable when facing complex financial situations.
You prefer a one-time annual payment: Some prefer a predictable annual cost to a recurring monthly subscription.

Consider the free version if:

You have simple budgeting needs: The free version might be sufficient for basic budgeting tasks.
You're on a tight budget: The cost of the premium version might not be feasible for you at this time.
You don't need advanced features: If you don't require features like group budgeting or detailed reporting, the free version may suffice.

Alternatives to EveryDollar Premium

Several other budgeting apps offer similar features to EveryDollar Premium, often with different pricing structures. Researching alternatives like Mint, YNAB (You Need A Budget), and Personal Capital can help you find the best fit for your needs and budget.

Conclusion

EveryDollar Premium offers a robust set of tools for serious budgeters. While the annual cost is significant, the advanced features and priority support may be invaluable for those seeking comprehensive financial management. Carefully weigh your needs against the cost and consider exploring alternative options to find the best budgeting solution for you. Remember to always consider your personal financial situation before committing to any paid budgeting app.