Seeking a dependable budget application that can help you to sort out the income and expenditure, plus planning your budget is a must thing to do. Previously we had the Clarity Money and Ynab. Both function really well and do a great job to be a companion for planning suitable budgets for people.
They happen to come to the public at the same time, almost bringing the same amount of advanced technology installed within. How about the older softwares? Many people claim that older ones have older technology, and bugs here and there. All of it is clear enough. It’s older, so you can expect the older things to be found there.
The question is, are those older budgeting softwares still relevant to use to this day? Or it’s better to put them asleep forever? In order to catch an idea, we want to do a comparison between the newer Everydollar and Mint, the way older software that launched a long time ago. Let’s see which is the one that is worth getting.
This app is the newer one that launched on March 23 2015. It’s five years old now, and still relevant to use. Based on their website, they claim to be “the helper for easy and fun budgeting”. Seems to be pretty in words. They also said that the “easy” part is in the budget creation that will cost you no more than 10 minutes. Read also: Clarity Money vs Ynab.
And it’s true. After you log in to your account, all the budgets are there right on the home screen. The items are categorized well detailed and fully informational. Each category has subcategories that can also be seen easily on the screen. You get basic categories like Housing and Saving, with more their smaller sub categories. Each of them are shown with different colors, for making them easier to be identified. All of it under 10 minutes.
The faster budgeting set up sadly doesn’t come with reports. This one feature should exist in every budget app, and Everydollar happens to not have it. But, this only occurs in the first version of Everydollar. With the updates coming, the users can finally have the financial reporting feature sometimes in the future.
With the newer time of launch, Everydollar does have better display. It is fresher and simpler looking for budgeting apps. All comes in handy and well placed. Every information is easy to find and read as well.
Now about the support, Everydollar can give you the best with the 99 dollars subscription. The app itself is actually free though, but it does lack some important things. With the premium 99 dollars worth of subscription, you can get the FastTrack function, which connects your budget with your bank accounts pretty quick, putting all your debit and credit cards into one simple account, and the mail and phone support. The offers are great, especially for the automatic card transactions, so you don’t have to painfully manually input the transactions.
About the access, users can access Everydollar via mobile apps or desktop browser, and Everydollar is well designed for the general users, especially for the first timers, so it’s pretty simple and easy to use.
The free version of Everydollar is good enough as your budgeting planner. It still has the intuitive, and the easy budget creating. But still, you need to manually input your transactions into one account. It’s tiring and time consuming. That’s why, usually people are using the premium versions because of its automatic feature alone. The 99 dollars per year is not gonna hurt your wallet as bad as you imagine it.
For anyone who doesn’t know what Mint actually is, it’s a budgeting software that launched in 2009. Yes, 11 years ago. Serving as a professional software, the complexity of Mint is not the thing that is suitable for newcomers. Budgeting in Mint is less fast and convenient, even though it’s more informative. The categories are displayed in alphabetical order, with the color indicators. Green means you’re good (under budget), yellow means you’re on a budget, and the red one means over budget.
The main categories are not simple as in Everydollar. And the 2009 interface really shows how it’s actually irrelevant to look at today. But still, it can work well. The thing that nice is is the reporting function. It shows the pie chart with each category shown up. You can dig deeper into one of the pie slices to know the transaction details. While having a boring interface, the chart itself is actually colorful and well informative.
Sad thing though, despite its powerful launch in 2009, it received no upgrades to this day. Yes, 11 years without an update. Even though it does work well as you use it today, the lack of support is painful, especially when you’re in a problem. Some people have an issue with this, mailed an issue and received no response.
The interesting thing to notice here is the automatic importing transactions feature that exists even in the free version. Mint is totally free without any additional fees for something like this. It’s also extra informative as well, showing the balance of accounts right on the home screen and you can see it clearly. Despite lacking a good-looking interface, Mint is still relevant to use.
Everydollar vs Mint
|- Awesome interface||- FREE|
|- Super easy budget creating||- Automatic importing of transactions
|- User friendly||- Account balances|
|- Automatic transaction entry from your accounts||- Superior reporting|
From the comparison above, based on the every aspect that we were looking into, if facing the two choices between them, we would choose Mint, as our trustable partner. Despite its ancient age, Mint still works brilliantly with the informative aspects. Even though setting up is not as easy as on EveryDollar, Mint still stands up with the elements of reporting and the convenience in gaining information. Who doesn’t want the automatic import transaction on a free app like this one? It is a great time safer, and highly functional for today use. We love it. But when you choose Mint, make sure that you are able to carry the burden of a non-update software with poor supports for your problem.