Unlimited envelopes in free version

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  • Idea
  • Updated 2 years ago
  • Not Planned
I'm sure this has been requested several times, but I would really appreciate unlimited envelopes in the free edition. I have been using Goodbudget since 2013. I love the app and have recommended it several times. The only issue I have is with limited envelopes. I don't use the other features of the paid version, so I don't want to pay for a budgeting app. 

Also, other apps, such as Dave Ramsey's EveryDollar allows for unlimited envelopes in the free version. I believe that this a key feature to remain competitive.
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Yasin Junaideen

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Posted 2 years ago

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Sandra L. Milo

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To quote another GB user, "Providing a service or product for free hardly represents a sound business model."  Would you work for free simply because someone doesn't feel like paying you? For 5 years?  The GoodBudget developers DON'T sell your contact information and DON'T have obnoxious ads all over the page to supplement their income.  It is $6 a month.  A Big Mac meal is $5.99.

You haven't switched to another free app because they all fall short of GoodBudget in one way or another.  Due to changes in our household last fall, I really, really wanted to use a program that would auto-import our banking transactions.  I tried very hard to find something else, but ultimately none was as good:

Mint.  The lure of automation is strong, but it certainly is not an envelope or budgeting system as it only shows you where your money went. Oh, and no way to reconcile your checking statement!  Really? From the makers of accounting software? Visually pretty, but practically useless.  Oh and free because you bet they sell your information....

YNAB. Only free for 34 days then $6.99/mo unless you are a student with a '.edu' email.  Definitely an envelope budgeting system with a large following/forum.  I thought it might be a winner....until I had negative money in the auto maintenance envelope...  I set up October, which was great, and when it rolled over to November, it magically zeroed out my negative balance taking money from who knows where!  I tried hard for days, literally, to make it work.  I very much liked that it auto-imported transactions from my checking, savings, and Visa accounts (they still need manually matched, which is fine) and showed the balance from our Parent Plus Loan.  If I were new to budgeting or had a very tight budget/income, I might recommend YNAB.  But it is just weird.

EveryDollar.  It has a free version, but if you want to connect to your bank and cc accounts, that will cost you $99/year ($8.25/mo). As an Financial Peace University grad, I had high hopes for this Dave Ramsey product.  Boy was I shocked and disappointed.  It’s weird.  As in YNAB, you get the auto-import feature and can sync all your accounts.  Unfortunately the way our credit union handles the fields, all our debit card transactions showed up as ‘Withdrawal McSignature’ so I had to open my checking account website to match them anyway.  No gain here.  Also, the budget is oddly detached from the money available in the checking and savings accounts.  All you ever see is your budget and how much you have spent or remaining (the little switch to toggle those is kinda cool).  However, most shockingly, there is again no way to reconcile your bank statement!!!  I had a couple of questions for their customer service, which were answered, but they totally ducked that one.  Sorry, I need to do that every month, to the penny.  Total deal killer.  I can’t imagine how they talked Dave into approving that.

So, be happy with what you get for free or support the team.




(Edited)
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claudius pulcher

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The free version is great as it is. One thing though. We don't all live in the States, 80 dollars yearly subscription is a little pricey for the standards where I live. And we all need Budgeting here in Greece because we all saw what happened without budgeting ;)
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Wayne Woodbury

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I understand what you mean.  Cost of living differences between countries and currency conversions can make imported goods and services very expensive or very cheap (depending on which side you're on).  And, I think most of us would agree that our politicians should be required to pass a basic budgeting exam before being allowed to run for office.
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impaler

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Disagree entirely. I don’t want this to be free. Companies have to monetize and make money. How do you think they pay for the servers and infrastructure to support, store and serve your transactions? Or to hire and pay their employees? Keep the paid version, and keep it distinct for us willing to pay a very little sum to get a great service!
(Edited)
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Yasin Junaideen

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Whoa definitely struck a nerve with my request. I absolutely appreciate the GB team’s efforts and I understand basic business.

I am simply requesting one feature be included on the free version, not that the whole service be free. For those that want bank account connectivity, unlimited accounts, and their entire history, sure a paid version makes sense. But I have noticed that another very popular app offers unlimited envelopes for free.

I appreciate the perspective from the two users, and have to agree that GB is still the best service out there. But seriously, relax.... it’s a request.
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Wayne Woodbury

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I don't think it is unreasonable for you to make this request, but I think you did hit a nerve that is a little raw for a lot of people. I also understand that if GB offers too much for free, then people will not have incentive to pay for the service.  You might want to consider alternatives to your original request, such as credit for watching paid advertisements.  That way, you get the service only at the cost of a few minutes of your time each month and the advertisers pay your bill.  Companies like Pandora and many mobile game developers make a nice income this way.

I for one would rather pay for the service that have to see annoying adds.  TANSTAAFL.

By the way, my assessment of your request is that GB is giving just the right amount away for free.  They've given you enough that you want to continue using the service, but you want more from it.  This is the sweet spot where they convert trial users into paying customers.

...I should add one more thing.  I think you should try the paid service for a month or two and see if it is worth paying for.  You may find that you like everything they offer and that it is worth the nominal fee.  You can always back out if it is not worth it.  That's how I started out and I found that I really didn't want to lose those premium services and they were well worth the investment.
(Edited)
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Yasin Junaideen

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Thanks Wayne. That's a fair alternative. I watch a couple ads for 30 minutes of uninterrupted music on Spotify, and would certainly deal with ads for this service if it allowed for unlimited envelopes.