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Personal Finance · head to head

Goodbudget vs MoneyWiz

Goodbudget logo

Goodbudget

Personal Finance

Digital envelope budgeting app

From
Free
Rated
-
Full reviewWebsite
M

MoneyWiz

Personal Finance

Simple and powerful personal finance app

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Goodbudget free plan is capped at 10 regular envelopes, 10 more envelopes, 1 account, 2 devices and 1 year of history; MoneyWiz there is no free tier; every plan requires a subscription
  • They diverge on capability: Goodbudget covers Envelope budgeting, MoneyWiz covers Budget management.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Goodbudget and MoneyWiz actually diverge.

Attributes where Goodbudget and MoneyWiz differ
AttributeGoodbudgetMoneyWiz
Founded20122011

Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), platforms (Web, IOS, Android), user rating (Not yet rated), category (Personal Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Goodbudget

  • Envelope budgeting
  • Shared budgets
  • Receipt scanning

Only in MoneyWiz

  • Budget management
  • Multi-currency support
  • Financial analytics
  • Credit cards

Both cover

  • Expense tracking
  • Bank accounts
  • Web support
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Goodbudget

  • Envelope method budgetingnot MoneyWiz
  • Sharing a household budget across a couple's devicesnot MoneyWiz
  • Tracking debt payoff alongside envelopesnot MoneyWiz

MoneyWiz

  • Tracking personal accounts, budgets and bills across iOS, macOS, Windows and Androidnot Goodbudget
  • Syncing one finance database across multiple devices through MoneyWiz Cloudnot Goodbudget
  • Automatically importing transactions through bank syncnot Goodbudget

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Goodbudget

  • Free plan is capped at 10 regular envelopes, 10 more envelopes, 1 account, 2 devices and 1 year of history
  • Automatic bank sync is Premium only and works with US banks only
  • Premium is limited to 5 devices and 7 years of history
  • Free plan gets community support only; email support requires Premium
  • Premium costs $10 per month or $80 per year

MoneyWiz

  • There is no free tier; every plan requires a subscription
  • Bank sync with over 40,000 banks is Premium only, at 59.99 USD a year or 5.99 USD a month
  • The Standard plan at 29.99 USD a year provides only cloud sync between devices, with no bank sync
  • Subscriptions cap usage at 15 devices and two MoneyWiz Cloud accounts
  • Priority support is restricted to the Premium tier

Pricing, plan by plan

Goodbudget

Free
  • FreeFree
    • 10 envelopes
    • Basic tracking
  • Plus$5.99/month
    • Unlimited envelopes
    • Advanced reports
    • Receipt capture

MoneyWiz

Free
  • FreeFree
    • Basic expense tracking
    • Multiple accounts
  • Premium$4.99/month
    • Advanced analytics
    • Budget forecasting
    • Custom categories

Which should you pick?

Choose Goodbudget if

  • You need envelope budgeting.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want shared budgets.
Goodbudget review

Choose MoneyWiz if

  • You need budget management.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want multi-currency support.
MoneyWiz review

Questions people ask

Is Goodbudget or MoneyWiz better?
Neither clearly leads. Goodbudget starts at Free and MoneyWiz at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Goodbudget or MoneyWiz?
Goodbudget starts at Free and MoneyWiz at Free.
Does Goodbudget or MoneyWiz run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use Goodbudget for free?
Both have a free tier, so you can try either at no cost before committing.
What is Goodbudget best used for?
Goodbudget is most often used for envelope method budgeting, sharing a household budget across a couple's devices, tracking debt payoff alongside envelopes. Of those, envelope method budgeting and sharing a household budget across a couple's devices are not what MoneyWiz is typically brought in for.
What can Goodbudget do that MoneyWiz cannot?
Goodbudget covers Envelope budgeting, Shared budgets, Receipt scanning. MoneyWiz covers Budget management, Multi-currency support, Financial analytics, Credit cards. Both handle Expense tracking, Bank accounts, Web support, IOS support.

Answered from the vendors’ own pages

Goodbudget: How much does Goodbudget cost?

Goodbudget pricing details are not available on the main website. The platform offers a free version and a Premium tier, but specific costs and features are not published.

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