Budget Spreadsheets vs. EveryDollar: Which Is the Better Way to Budget?

We. Love. Budgeting. And we will never stop shouting its greatness from the rooftops. Why?

A budget is a plan for your money—plain and simple. It's you telling your money where to go so you stop wondering where it went. It's the first step to making any money goal a reality. It's how you truly take control of your finances.

So, which one makes the most sense for you? Let’s break it down.

What Are the Benefits of Using a Budget Spreadsheet?

Budget spreadsheets are a solid option if you want total control over your categories, formulas and setup—and you don’t mind doing the work yourself. If that sounds like your kind of fun, spreadsheets have some real benefits.

Super Customizable

The possibilities for customizing your spreadsheet budget feel nearly endless. A spot for every budget category and line you could ever dream up? Splendid. You just create a new cell to hold it.

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You can also make the budget spreadsheet work how you like—as long as you've got a solid understanding of the inner workings, of course.

Useful for Complicated Budgets

If you’ve got a complicated budget and know your way around a spreadsheet, you can build a system that handles just about anything you throw at it.

Graphs. Charts. Calculators. Formulas. If you know how to work the Excel magic, you can unlock a whole new budgeting world.

Timeless

Spreadsheets have been around for decades, so you don’t have to worry about learning some brand-new budgeting technology every five minutes. Plus, as long as you properly save and back up your files, you can hang on to your budget history for years.

Free

You can build a budget spreadsheet without spending a dime. And free is a beautiful thing when you're trying to save money (which is something budgeters do best).

As you're learning how to make a budget spreadsheet, you can buy spreadsheet templates or programs to give you a starting point. But you can also just create your own 100% free version.

Why Is a Budgeting App Better Than a Spreadsheet?

For most people, a budgeting app is the better choice because it takes less work to set up and makes your budget easier to use in everyday life. Instead of building formulas and remembering to update a file, you can focus on what actually matters: making a plan for your money and sticking to it.

Simplicity of Budgeting

You don’t need to be an Excel wizard to make a budget that works. EveryDollar walks you through creating your budget so you can spend less time messing with formulas and more time telling your money what to do.

Yes, spreadsheets have their budget benefits—if you know how to work all the formulas and set up the math systems correctly. But if you're new to budgeting, or you aren't super tech savvy, the EveryDollar budgeting app makes it so simple to create your first budget and keep up with every monthly budget after that.

Also, if you are super tech savvy but married to someone who isn't, EveryDollar helps you both budget together so one person isn't carrying the load or making all the financial decisions. Because there's no “I” in budget, after all. (You can spell-check us on that one.)

Ease of Tracking Your Spending

A budgeting app makes tracking expenses easier because it’s built for exactly that. Instead of opening a spreadsheet, finding the right row or cell, and updating the numbers yourself, EveryDollar gives you a simple place to track spending as you go.

You can track receipts in the grocery store parking lot or right after clicking “purchase” online. And because your budget updates as you track, you can quickly see how much you have left in a category before you spend again.

P.S. With EveryDollar, you can do this manually in the free version or upgrade to the premium version and have transactions automatically stream into your budget. All you have to do is drag and drop them to the right spot.

Instant Accountability

Keeping your budget on your phone means the numbers are right there when you need to make a spending decision. No guessing. No wondering if you have enough left in your restaurants line. Just pull up the budget and check.

With your budget in your back pocket, you've got accountability walking around with you. This isn't restricting. It's empowering! You've got money goals of all sizes to reach—and remember, the budget is how you get there.

That accountability is especially helpful when married couples use the same EveryDollar budget. You’re both looking at the same plan and working toward the same goals.

For John and his wife, getting on a budget with EveryDollar was a turning point:

“This app SAVED my wife and I's finances. Before budgeting, we were deep in debt with barely any emergency fund and savings. Then . . . we had the ‘I'm sick and tired of being sick and tired of being broke’ moment. We decided to start budgeting using this app and followed Dave Ramsey's Baby Steps. Then after almost two years, we paid off all our debt, fully funded our 6-month emergency fund, saved money in all our sinking funds, then started saving in our 401(k). Praise God for Dave Ramsey's life-changing financial teachings!”

Features Aplenty

EveryDollar has the features you need to build your budget, track your spending, and keep your money goals moving forward. And whether you stick with the free version or upgrade to premium, you’ve got plenty to work with.

Free Budget Features

• Create monthly budgets
• Access your budget on your computer, phone or tablet
• Customize budget categories and lines for all your monthly expenses (yep, it's customizable too!)
• Create unlimited budget categories and lines
• Set up sinking funds and track savings goals
• Track debt payoff progress
• Split transactions
• Set due dates for bills
• Get personalized action steps to free up margin
• Watch bite-sized lessons to build better money habits
• Talk to a live human being for customer support

Premium Budget Features

Includes all the free features, plus:

• Connect to multiple financial accounts in one app
• See custom budget reports
• Export transaction data
• Join live coaching sessions with professional financial coaches
• Automatically stream your transactions into your budget
• Get tracking recommendations for your transactions
• Set due date reminders for your bills
• Calculate your current and projected net worth
• Plan your spending based on when you get paid and when things are due with paycheck planning
• Set big-picture goals and see a timeline of when you'll hit them with financial roadmap

All those features are there to help you create a monthly budget that reflects your real life, priorities and goals—and then actually keep up with it. They'll help you build the habits you need to make your money dreams a reality.

Because it always comes back to the habits. And the on-the-go nature of budgeting with EveryDollar makes building a budgeting habit so much easier.

Free to Use

You don’t have to pay to start budgeting with EveryDollar. The free version gives you the core tools you need to create a monthly budget and track your spending.

And just look at all those awesome free features up there. You can start making a plan for your money without adding another expense to your budget. We like the sound of that.

Stability

EveryDollar was created by Ramsey Solutions around something we've been teaching for decades: You need a budget. It's part of the DNA of this place. We aren't going to sell our app to another business or shut our doors. We aren't going anywhere!

Budgeting App vs. Spreadsheet: Side by Side

Side by side, the biggest difference is simple: A spreadsheet gives you more DIY control, while EveryDollar gives you more built-in convenience. Here’s another look at how the two stack up:

Which Should You Pick?

For most people, EveryDollar is the better choice because it gives you the structure of a zero-based budget without making you build the whole system yourself. But if you genuinely love spreadsheets and want complete control over your formulas and setup, go for it. The important thing is that you actually make a budget and use it.

Still torn? Ask yourself these three questions:

1. Do you want to spend less time keeping up with your budget? EveryDollar is built to make tracking simple, so you can quickly log spending and see what’s left in each category.
2. Do you want to budget without building formulas yourself? EveryDollar handles the budgeting setup so you can focus on giving every dollar a job.
3. Do you know Excel inside and out and actually enjoy building your own system? Then a spreadsheet might be worth the extra work.

At the end of the day, the best budgeting tool is the one you'll actually use. But if you want something that makes zero-based budgeting simple from day one, EveryDollar's ready to go.