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Personal Finance · head to head

Wally vs Goodbudget

W

Wally

Personal Finance

Smart expense tracking for travel and daily life

From
Free
Rated
-
Full review
Goodbudget logo

Goodbudget

Personal Finance

Digital envelope budgeting app

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Wally the Internet Archive's capture of wally.me on 2 January 2019 stated the app is free ('Control your money seamlessly. And, it's free.'), and claimed rankings as the #1 finance app in 22 countries and top 10 in 52 countries at that time.; 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: Wally covers Receipt OCR scanning, Goodbudget covers Envelope budgeting.

Where they differ

Only the attributes on which Wally and Goodbudget actually diverge.

Attributes where Wally and Goodbudget differ
AttributeWallyGoodbudget
PlatformsIOS, AndroidWeb, IOS, Android
Founded20092012

Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), 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 Wally

  • Receipt OCR scanning
  • Receipt storage
  • Category management
  • Cloud storage

Only in Goodbudget

  • Envelope budgeting
  • Shared budgets
  • Receipt scanning
  • Bank accounts
  • Web support

Both cover

  • Expense tracking
  • IOS support
  • Android support

What people use each for

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

Wally

  • Budget Managementnot Goodbudget
  • Expense Trackingnot Goodbudget
  • Investment Trackingnot Goodbudget

Goodbudget

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

Where each one falls short

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

Wally

  • The Internet Archive's capture of wally.me on 2 January 2019 stated the app is free ('Control your money seamlessly. And, it's free.'), and claimed rankings as the #1 finance app in 22 countries and top 10 in 52 countries at that time.

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

Wally

Free
  • FreeFree
    • Receipt scanning
    • Expense tracking
    • Basic reports
  • Premium$9.99/month
    • Advanced analytics
    • Unlimited storage
    • Cloud sync

Goodbudget

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

Which should you pick?

Choose Wally if

  • You need receipt ocr scanning.
  • You want to start without paying.
  • You work on IOS, Android.
  • You also want receipt storage.
Wally 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 Wally or Goodbudget better?
Neither clearly leads. Wally starts at Free and Goodbudget at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Wally or Goodbudget?
Wally starts at Free and Goodbudget at Free.
Does Wally or Goodbudget run on more platforms?
Wally runs on IOS, Android. Goodbudget runs on Web, IOS, Android.
Can I use Wally for free?
Both have a free tier, so you can try either at no cost before committing.
What is Wally best used for?
Wally is most often used for budget management, expense tracking, investment tracking. Of those, budget management and expense tracking are not what Goodbudget is typically brought in for.
What can Wally do that Goodbudget cannot?
Wally covers Receipt OCR scanning, Receipt storage, Category management, Cloud storage. Goodbudget covers Envelope budgeting, Shared budgets, Receipt scanning, Bank accounts. Both handle Expense tracking, IOS support, Android support.
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