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Quicken vs Goodbudget

Quicken logo

Quicken

Software

Take control of your finances

From
$3.99/month
Rated
-
Full reviewWebsite
Goodbudget logo

Goodbudget

Software

Digital envelope budgeting app

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Goodbudget has a free tier, so it costs nothing to try first.
  • Each has a real cost: Quicken quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal; Goodbudget free plan is capped at 10 regular envelopes, 10 more envelopes, 1 account, 2 devices and 1 year of history
  • They diverge on capability: Quicken covers Budget creation, Goodbudget covers Envelope budgeting.

Where they differ

Only the attributes on which Quicken and Goodbudget actually diverge.

Attributes where Quicken and Goodbudget differ
AttributeQuickenGoodbudget
Starting price$3.99/monthFree
Pricing modelsubscriptionfreemium
Free tierNoYes
PlatformsWeb, iOS, Android, Windows, macOSWeb, IOS, Android
Founded19832012

Identical on both: user rating (Not yet rated), category (Unknown).

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 Quicken

  • Budget creation
  • Bill management
  • Investment tracking
  • Tax planning
  • Investment accounts
  • Credit cards
  • Windows support
  • Mac support

Only in Goodbudget

  • Envelope budgeting
  • Shared budgets
  • Receipt scanning
  • Expense tracking
  • Web support
  • Android support

Both cover

  • Bank accounts
  • IOS support

What people use each for

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

Quicken

  • Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot Goodbudget
  • Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot Goodbudget
  • Users preferring local data storage via Classic desktop editionsnot Goodbudget

Goodbudget

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

Where each one falls short

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

Quicken

  • Quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • Renewal pricing significantly higher than introductory rate; annual cost jumps from $47.88 (promotional) to $83.88 (regular renewal)

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

Pricing, plan by plan

Quicken

$3.99/month

No published plan breakdown. See the Quicken review.

Goodbudget

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

Which should you pick?

Choose Quicken if

  • You need budget creation.
  • You work on Web, iOS, Android, Windows, macOS.
  • You also want bill management.
Quicken review

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

Questions people ask

Is Quicken or Goodbudget better?
Neither clearly leads. Quicken starts at $3.99/month and Goodbudget at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Quicken or Goodbudget?
Goodbudget has a free tier; the other does not. Paid plans start at $3.99/month for Quicken and Free for Goodbudget.
Does Quicken or Goodbudget run on more platforms?
Quicken runs on Web, iOS, Android, Windows, macOS. Goodbudget runs on Web, IOS, Android.
Can I use Goodbudget for free?
Yes. Goodbudget has a free tier, so you can try it without paying. Quicken starts at $3.99/month.
What is Quicken best used for?
Quicken is most often used for individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking, freelancers and self-employed managing business and personal finances via quicken business & personal plan, users preferring local data storage via classic desktop editions. Of those, individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking and freelancers and self-employed managing business and personal finances via quicken business & personal plan are not what Goodbudget is typically brought in for.
What can Quicken do that Goodbudget cannot?
Quicken covers Budget creation, Bill management, Investment tracking, Tax planning. Goodbudget covers Envelope budgeting, Shared budgets, Receipt scanning, Expense tracking. Both handle Bank accounts, IOS support.
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