GoodBudget: A Recommended App for Mompreneurs

I found this cool app for budgeting that I highly recommend. I encourage you to do your due diligence. Though I have used several budgeting apps/software programs such as MSN Money (no longer available) Quicken, Mint, Excel, etc, I really like this one simply because it is easy to use, particularly if you also adhere to the Dave Ramsey Envelope System.

GoodBudget provides a way to budget and organize ones finances based on the envelope system. I first heard about this system 3 or 4 years ago when I attended Dave Ramsey's Financial Peace University at a local Church. Ramsey says that the system is based on the old fashioned envelope system that our grandmother's used. You place budgeted cash amounts in envelopes, each with its own category and you only spend what you have available and no more. After trying this system, I found that I would lose receipts and would inevitably go back to spending on my debit and credit cards in order for me to have a valid paper trail. I also found that though I didn't spend above my total budgeted amount for the month, I would at times spend above the amount budgeted per category.

But then, GoodBudget came to my rescue. This app integrates the benefits of the envelope system with the necessity of maintaining order with minimal effort. One can sync accounts in order to know how much money is on hand in all active accounts. One can also know the amount of money in each envelope at any given time, just as if cash was being used, except it is an App on ones smart phone. Also, one can easily transfer money between envelopes. Though this is usually a no no for Dave Ramsey enthusiasts; but it is practical for me. Sometimes I may overspend in groceries but find that I haven't used much of my dining out budget. So, I just transfer from one to the other.

GoodBudget has been an awesome blessing for me. I have been able to stay within my overall budget amount monthly and I have been able to save.

If you try GoodBudget, let me know what you think. If you have a budgeting app that you are happy with, share it below. We are all in this together and if yours is super beneficial, then it may work for someone else better than the one I have recommended herein.

All in all, it goes without saying that budgeting works. It doesn't matter how much money you have on hand, which app you use or whether or not you decide to just use plain old paper and pencil. Budgeting will get you well on the way of winning your own financial race.