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Personal Finance · head to head

Goodbudget vs Simplifi

Goodbudget logo

Goodbudget

Personal Finance

Digital envelope budgeting app

From
Free
Rated
-
Full reviewWebsite
S

Simplifi

Personal Finance

Smart budgeting and spending tracker

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Goodbudget has a free tier, so it costs nothing to try first.
  • 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; Simplifi there is no free tier at all
  • They diverge on capability: Goodbudget covers Envelope budgeting, Simplifi covers Budget tracking.

Where they differ

Only the attributes on which Goodbudget and Simplifi actually diverge.

Attributes where Goodbudget and Simplifi differ
AttributeGoodbudgetSimplifi
Starting priceFreeOn request
Pricing modelfreemiumsubscription
Free tierYesNo
Founded20122020

Identical on both: 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
  • Expense tracking

Only in Simplifi

  • Budget tracking
  • Spending analysis
  • Goal tracking
  • Cash flow insights
  • Credit cards

Both cover

  • 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 Simplifi
  • Sharing a household budget across a couple's devicesnot Simplifi
  • Tracking debt payoff alongside envelopesnot Simplifi

Simplifi

  • Personal budgeting with automatic bank transaction importnot Goodbudget
  • Tracking spending, savings goals and net worth in one placenot 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

Simplifi

  • There is no free tier at all
  • The advertised $3.99 a month requires annual billing, against $6.99 paying monthly
  • The subscription auto renews yearly at the then current price, which the terms state is subject to change rather than fixed

Pricing, plan by plan

Goodbudget

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

Simplifi

On request
  • Monthly$5.99/month
    • Budget tracking
    • Spending insights
    • Goal setting
  • Annual$59.99/month
    • All monthly features
    • Discounted rate

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 Simplifi if

  • You need budget tracking.
  • You work on Web, IOS, Android.
  • You also want spending analysis.
Simplifi review

Questions people ask

Is Goodbudget or Simplifi better?
Neither clearly leads. Goodbudget starts at Free and Simplifi at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Goodbudget or Simplifi?
Goodbudget has a free tier; the other does not. Paid plans start at Free for Goodbudget and On request for Simplifi.
Does Goodbudget or Simplifi 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?
Yes. Goodbudget has a free tier, so you can try it without paying. Simplifi starts at On request.
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 Simplifi is typically brought in for.
What can Goodbudget do that Simplifi cannot?
Goodbudget covers Envelope budgeting, Shared budgets, Receipt scanning, Expense tracking. Simplifi covers Budget tracking, Spending analysis, Goal tracking, Cash flow insights. Both handle Bank accounts, Web support, IOS support, Android support.
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