ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Review of the EveryDollar Tool by Dave Ramsey

Updated on January 8, 2018
tamarawilhite profile image

Tamara Wilhite is a technical writer, an industrial engineer, a mother of two, and a published sci-fi and horror author.


EveryDollar is a simple budgeting tool by Dave Ramsey, the financial guru and author of books like “Financial Peace University”. It was created to help those trying to create a zero based budget that assigns every dollar a name without relying on spreadsheets or worksheets, and especially let them track expenses as they spend money to minimize the risk of over-spending. What are the pros and cons of the EveryDollar financial tracking tool?

We used the Dave Ramsey plan to get out of debt before becoming volunteer FPU teachers.
We used the Dave Ramsey plan to get out of debt before becoming volunteer FPU teachers. | Source

Points in Favor of EveryDollar

EveryDollar provides a straightforward ring chart to show you how much each category takes up, as well as a combined chart combining all spending into the following categories: giving, savings, housing, transportation, food, lifestyle, insurance and tax and debt payments. This allows you to see a higher level presentation of where money goes, instead of piecing together categories to see where the money is going.

In addition to the color coded categories, it gives the total amount budgeted for each category and percentage of the budget devoted to each. In this format, you can see whether your food category is more or less than the 10% recommended by the FDA regardless of your income level or whether all categories of savings hit the 15% combined Dave Ramsey recommends.

It is easy to fill in each category in the budget and add more categories not in the default budget like HSA contributions, child support or dental insurance.

EveryDollar contains sinking fund categories by default like car replacement.

The online FAQ is decent for everything from setting up your accounts to connection issues with banks.

You can use the EveryDollar app and website together to track spending as you spend money, both cash and debit transactions, as a digital equivalent of a spending envelope without having to withdraw and then carry around the cash.

EveryDollar looks like the budget sheets in the Dave Ramsey books, so it is an easy transfer from paper to tool. And the tool automatically adds up the money in each category so that you don’t have to see how much you have left to budget to have a zero based budget.

As you work on a budget category, the section representing that category is lit up on the circle chart so you can see how it grows relative to the other expense categories.

EveryDollar lets you budget the minimum payments against your smallest debts and monthly contribution to your current debt snowball category, as well as track how much is left on that debt to be paid off.

Points Against EveryDollar

You have to pay to connect to your bank, even with the free tool. This typically isn’t required when you use financial software like Quicken.

While you can track how much you contribute to various savings accounts and sinking funds, it does not let you track the status of the investments like your 401K or IRA.

As of this writing, if you want to use the EveryDollar app, it is only available on the Apple App Store. It isn’t available on Android. However, that doesn’t preclude you from opening the EveryDollar website on a smart phone and try to track spending that way.

Observations About the Every Dollar Application

If you are working off of an irregular income budget, the EveryDollar tool lets you rank budget categories by priority within each budget category so you know where to stop when you run out of money for the month. However, you can’t put food at the top of the list, followed by the house payment/rent, utilities and essentials.

This budgeting tool works best when you pay bills on a monthly basis or set aside a set amount each month for annual bills like home owners insurance.

The basic version of the app costs around a hundred dollars a year. Those who pay for the Plus level get account balance monitoring and phone support.

The online tool has links on the left side to the Dave Ramsey baby steps and recommended advisers for every category.


The EveryDollar budgeting tool is a suitable substitute for those who aren’t tracking their spending against their budget any other way. If you have the ability to install the app and willingness to pay for the full version and connectivity to your bank, EveryDollar is better for tracking day to day spending against your personal limits than financial applications like Quicken. If you already track spending in a notepad or spreadsheet and don’t want to pay for the full tool with links to your bank account, EveryDollar is redundant.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)