What is EveryDollar Free?
EveryDollar Free is a personal finance management tool that offers a simple and effective way to track your expenses, create budgets, and achieve financial goals. This mobile/desktop hybrid app allows users to easily import transactions from their bank accounts, categorize expenses, and set budget targets. With its user-friendly interface and robust features, EveryDollar Free has become a popular choice among individuals seeking to take control of their finances.
Main Features of EveryDollar Free
Some of the key features that make EveryDollar Free stand out include:
- Easy transaction tracking and importing from bank accounts
- Customizable budgeting categories and targets
- Automatic expense categorization
- Real-time account balance tracking
- Safe restore points for easy recovery in case of errors
Installation Guide
To get started with EveryDollar Free, follow these simple steps:
Step 1: Download and Install
Download the EveryDollar Free app from the official website or app store. Once downloaded, follow the on-screen instructions to install the app on your mobile device or desktop.
Step 2: Set Up Your Account
Launch the app and create a new account by providing basic information such as name, email address, and password. Verify your email address by clicking on the link sent to you by EveryDollar Free.
Step 3: Connect Your Bank Accounts
Link your bank accounts to EveryDollar Free by providing your account credentials. This will enable the app to automatically import your transactions and track your expenses.
Step 4: Set Budget Targets
Create budget categories and set targets for each category. This will help you track your expenses and stay on top of your finances.
Category Budgeting Method with Safe Restore Points
One of the key features of EveryDollar Free is its category budgeting method, which allows you to track your expenses across different categories such as housing, transportation, food, and entertainment. The app also offers safe restore points, which enable you to easily recover your data in case of errors or mistakes.
How to Import CSV in EveryDollar Free
Importing CSV files in EveryDollar Free is a straightforward process. Simply follow these steps:
- Log in to your account and navigate to the ‘Transactions’ tab
- Click on the ‘Import’ button and select ‘CSV’ as the file type
- Choose the CSV file you want to import and click ‘Upload’
- Map the CSV columns to the corresponding fields in EveryDollar Free
- Click ‘Import’ to complete the process
EveryDollar Free vs YNAB
Both EveryDollar Free and YNAB (You Need a Budget) are popular personal finance management tools. While both apps offer similar features, there are some key differences:
| Feature | EveryDollar Free | YNAB |
|---|---|---|
| Cost | Free | $6.99/month or $83.99/year |
| Budgeting Method | Category-based | Zero-based |
| Investment Tracking | No | Yes |
| Mobile App | Yes | Yes |
Pros and Cons of EveryDollar Free
EveryDollar Free has several pros and cons that are worth considering:
Pros
- Free to use
- Easy to set up and use
- Robust budgeting features
- Safe restore points for easy recovery
Cons
- Limited investment tracking features
- No bill tracking or payment reminders
- Customer support can be slow to respond
FAQ
Is EveryDollar Free Safe to Use?
Yes, EveryDollar Free is a safe and secure app that uses encryption to protect your data.
Can I Use EveryDollar Free on Multiple Devices?
Yes, EveryDollar Free allows you to access your account on multiple devices, including mobile devices and desktops.
How Do I Contact EveryDollar Free Customer Support?
You can contact EveryDollar Free customer support by email or through the app’s support portal.