Best Finance Apps for Couples

This Valentine’s Day do something a little different for yourself and your loved one – get your finances in order. A study conducted to understand how couples handled money found that the number one cause for tensions in any relationship was – you guessed it – money. And not surprisingly, the survey also found that talking and sharing thoughts about money caused couples to say they had a “great” relationship. While relationship-building has to do with more than just money management, talking about finances, planning for the future, and remaining on the same page is vital if you want to maintain your relationship–and be successful with money. The good news is that you don’t have to rely solely on occasional discussions to keep your finances in sync.

We’ve put together a list of the Best Budgeting Apps for Couples to help you and your loved one strengthen your relationship and your bank account.

Just what it sounds like, HomeBudget is an app designed to help your entire household get on the same page. If you’re looking for a highly flexible and versatile money management app for budgeting and expense monitoring, and you would also like to share that responsibility with your significant other-half, then HomeBudget fits the bill perfectly. Plus, another a great thing about HomeBudget is that you can invite others in, including kids and other household members.

If you want a full-service couples money app, HoneyFi might be a great choice. It automatically syncs household and individual bank accounts, credit cards, loan, and investment accounts to the app, saving you tones of time and effort from manually doing that. Plus, HoneyFi even allows communication through the app. You can comment on transactions so your partner can see the categorizations and it makes it easier to ask questions in a non-confrontational way.

Honeydue is a neat budgeting app that couples can use to co-share the family’s money- management responsibility. Plus, it’s possible to restrict what information you share, so you can still surprise your significant other. You can also use Honeydue to remain focused on the most important goals you have together, and track your progress so you don’t spend too much time on the little things that don’t matter as much to your long-term goals and needs.

Better Haves
Many people like the envelope system of budgeting, and there are even apps that focus on an envelope approach that doesn’t require cash. Better Haves helps couples use virtual envelopes to distribute their income and expenses into separate categories. Each person can see what’s available overall, and even see what’s going on inside each of the envelopes. This is useful when you’re both spending money, but you aren’t in each other’s presence. When you spend the money against each expense, the app withdraws the amount from its respective envelope, allowing you visibility into what’s left. Warning alerts and reminders help you stay on track with your budget while ensuring that you always deal with scheduled expenses in a timely manner.

Twine Savings App
Twine is a savings and investing app created by John Hancock, a Boston-based financial services company. Twine is free if you only use the savings features. This makes it one of the best options compared to many other savings apps because they almost all charge a monthly fee. Just as you’re twining your lives together, the Twine savings app helps you work toward common goals. Not only can you work on a shared goal using savings, but there’s also an investing component. Twine will ask you some questions about your financial situation, your financial goals, and your risk tolerance to build an asset allocation. Twine portfolios are a mix of stock and bond exchange-traded funds with a fee of 0.6% per year.

No matter what your style or your financial situation, there’s an app that can help you and your partner set goals and make progress together. Let this Valentine’s Day be the year you choose to build your financial future together!

Santa Maria

Santa Clara