I’ve been thinking of what kind of content I want to add to my blog and, honestly I felt stuck. I don’t feel like I have much spectacular to say and some of the articles I’ve written on personal things I’m not quite ready to share. So I started identifying what blog posts I enjoy reading on other people’s blogs… One of them is user reviews on products and services I’m interested in trying.
That led me to the decision to put a series here on my blog with my own user reviews.
This week, I’ll be looking at Dave Ramsey’s Every Dollar budgeting tool.
Anyone who knows me, knows that my husband and I are Dave Ramsey enthusiasts. We are following his baby step plan, do a written budget every month, use the envelope system…pretty much if Dave Ramsey recommends it, we do it. So when the Every Dollar tool became available, I was eager to try it. (Actually, my husband was…I like sticking to a paper budget, but I decided to give it a try).
Signing up is super simple and, the best part for those of us on a tight budget, it’s free. (There are additional services that there is a charge for, but my review is only on the free version).
There are 3 core parts of the Every Dollar website:
- Baby Steps
- Endorsed Local Providers
Though I stayed mostly on the budget section, the part with the baby steps was interesting. I had a difficult time figuring out how to edit the baby step information so that it would correctly show where we are at in the process. After asking their support team, I was shown how to do it. I am a very visual person so it’s fun to look at the flow charts of the baby steps and see where we used to be, where we are now, and where we’re going to be.
The concept of Every Dollar is a good one.
You can make your monthly budget in a password protected online portal and then add your expenses (either online or through the app) to keep track of your spending. This is kind of like an online envelope system for the purchases that can’t be made with cash. If used correctly, Every Dollar will help you to not overspend in any of your budget categories. This is what the website will look like once you’ve logged in and before you’ve created this month’s budget:
The budgeting tool worked just fine – if you have a monthly paycheck. My husband and I get paid twice a month and we divide our expenses into which ones will come out of each paycheck. We rely on the Allocated Spending Plan that is part of Dave Ramsey’s original budgeting software. I was very disappointed to find out that there’s no capability in Every Dollar to do the Allocated Spending Plan.
Even though I was prepared to switch my budgeting system over to being online instead of on paper, I just couldn’t get it to work for our needs. I saw somewhere that they’re working on developing the capabilities of splitting paychecks, but until they do (or our paydays are only once a month), I’d say to keep doing paper budgets – that’s what I’ll be doing.
Every Dollar Result: Leave It
Do you use Every Dollar? Has it worked for your needs? I’d love to hear your experience!