Marcus Marion, CMA™ Couples may be on the same page on numerous issues, such as the prestigious schools to enroll their kids or the enchanting travel destinations to add to their bucket list. But when it comes to money matters, you can be sure there will be occasional conflicts. We’ve prepared a definitive, unfiltered Honeydue app review to help you understand why this application is making waves in personal finance circles.
Some partners will disagree on virtually every aspect of money management. These include what fraction of their earnings to save, what investments to prioritize, and how to address common budgeting challenges.
Fortunately, there are multiple ways couples can navigate even the most bothersome money management problems. One such method is by investing in a budget app for couples, such as the Honeydue App.
But if you’re hearing about this application for the first time, you’re probably wondering if it can truly help with budgeting constraints. Well, you’re in luck.
What Is Honeydue App?
Honeydue is an application designed to help couples track their spending and bills as well as manage their bank balances. Many have described this tool as a financial bliss app because it addresses numerous areas of personal finance that couples usually struggle with.
Launched in 2017, Honeydue has racked up thousands of positive reviews due to its ability to assist married partners achieve common financial goals. The application comes with a slew of nifty personal finance features that provide couples with clever ways to save money and manage their long-term financial ambitions.
Many Honeydue users also laud it for its ability to foster healthy money habits. The best part is that the app helps to cultivate the spirit of harmony and collaboration in money management, the same that’s glaringly lacking in many families.
Who Are The Brains Behind Honeydue?
Honeydue is the brainchild of WalletIQ, Inc, a San Francisco-based team of passionate app developers. As already mentioned, the financial planning app for couples traces its origin back to 2017.
Honeydue’s developers take pride in helping married partners overcome common personal finance challenges through collaborative engagements. Their overall mission is to improve financial literacy and foster healthy money habits among couples.
What Can You Do With Honeydue?
Many reviewers describe Honeydue as the best money tracking app for couples. But the best way to qualify that statement is to understand what this app can do for you.
Now, Honeydue basically works by allowing you to link all your bank accounts for ongoing tracking. These include loans, investment, and checking accounts. Besides bank accounts, you can also link your credit cards and monitor your spending in real-time.
The provision for ongoing expense tracking makes Honeydue the best app to download for anyone looking for tips on how to save money during inflation.
After linking your accounts, you and your spouse then agree on common budgetary goals. The app supports tracking of individual and joint accounts. Partners can track accounts separately, concurrently, or even toggle between them.
On Honeydue’s dashboard is the “Activity” tab where couples can view recent transactions and react to them. If you ever feel like something is off with a transaction, simply shoot your partner a message by clicking on the “Chat” tab.
But perhaps the best feature of Honeydue as a shared finance app for couples is the provision for setting spending limits. The application makes it incredibly easy to limit how much you and your partner can spend on predefined budget categories.
Like many expense tracking apps, Honeydue features bill reminders. You can get reminders on monthly bills like rent, electricity, rent, etc.
The incorporation of bill reminders further eases the budgeting process as it ensures you aren’t caught off-guard with your regular bills. If you’re looking for an app that helps you save money live better, then you certainly want to look in the direction of Honeydue.
What Are Honeydue’s Benefits?
The most outstanding benefit of Honeydue is its ability to support expense tracking. The budgeting app for couples allows users to track their expenditures by linking their accounts and setting spending limits.
The fact that Honeydue fosters prudent spending habits consequently makes it a money saving application. Whether you’re looking for tips on how to save money for a house or are scouting for the best way to save money for kids’ future, you can trust Honeydue to deliver.
The app may not provide direct saving tips. However, it promotes the saving culture by allowing partners to set their budgetary goals and expense limits.
Honeydue also helps couples to pursue financial goals together. Partners can determine the specific accounts to link and agree on priority budgetary items. The app provides chat features that couples can use to seek quick clarification on certain discrepancies.
Honeydue also helps foster transparency. The couple money tracker prevents scenarios where partners have to second-guess each other’s earnings and spending habits.
How Do I Get Started On Honeydue?
Getting started on Honeydue is remarkably easy.
The first step is to download the application. Fortunately, this couples finance app is compatible with both Android and iPhone devices. You can visit its homepage and click on the iPhone or Android download links to kick-start the download process.
The second step is to create an account. This is a simple process that mainly requires entering your name and email address, and then creating a password.
Next, log into your Honeydue account and begin enjoying the app’s nifty features. You have the option of adding a profile photo and phone number to enable two-factor authentication before you start using the application.
After setting up an account with Honeydue, you can proceed to invite your spouse via email or text message. Initiating an invite request will prompt the app to send an auto-generated link to your partner.
It’s worth noting that you can start linking your bank accounts and credit cards even before your partner joins the financial organization app. But in the interest of harmonious collaborations, you should probably wait for them to accept the invite first.
All linked accounts appear in the ‘Balances’ tab.
Honeydue gives primary account holders control over what their partners can see.
There are settings on whether you’d like your spouse to view balances and transactions or balances only. You can also decide to deny them both privileges, which doesn’t quite fit within the spirit of transparency.
The next step in using Honeydue is to undertake financial goal setting for couples. This is essentially where you set and track your budgets. It’s a necessary process for both short- and long-term goals. Whether you’re looking for tips on how to save money on Amazon on your next groceries purchase or want to cultivate mindful spending to save on your dream house, consensual agreement on expense tracking is paramount.
To set your budget with Honeydue, simply click “More” and “Budget” and then navigate the categories to determine your monthly spending limit. You then choose when to receive notifications whenever you cross your expense limits.
It’s also at this point that you’d want to monitor your bills. To go about that, head to the “More” tab and click on “Bills,” then enter the bills to track.
Honeydue lets you define bills by name (such as rent), type (such as utilities), amount, and tracking frequency. You then choose when the joint finances app should send bill reminders and to whom.
How Much Does Honeydue Cost?
Honeydue is 100% free to use. Unlike many of its competitors, this expense tracker for couples doesn’t have paid plans. All its features are accessible on the free, basic version.
However, Honeydue runs in-app ads, a common feature with most free applications. And while the money-saving app for couples is free to use, there’s the option of contributing a tip as a gesture of appreciation to its developers.
Is Honeydue Secure?
Security is a huge concern for app developers right now. That’s especially considering the ever-rising cases of identity theft.
Fortunately, it’s reassuring to know that Honeydue is secure. The personal finance for couples securely encrypts its users’ data in 256 bits in transit as well as storage.
Besides, Honeydue implements two-factor authentication for an extra layer of protection during identity verification.
How Does Honeydue Compare To The Competition?
Honeydue isn’t the only relationship finance app for couples. Other notable names in the industry include Mint, PocketGuard, Empower, Quicken, and YNAB.
The first thing that sets Honeydue apart from its competitors is that it’s 100% free to use. The app is incredibly user-friendly too.
Honeydue also stands out for its collaborative features. It’s one of the only few financial planning tools that allow partners to view their financial positions in real time and communicate freely within the platform.
Honeydue’s services are also far more advanced compared to many of its competitors. Not only can this application help with short-term budgetary needs like meal planning to save money. It also helps foster healthy personal finance habits for posterity.
Final Word
Money management for couples has always been a common area of conflict. But with Honeydue, partners can navigate everyday budgetary challenges while setting long-term financial goals.
The application is free and easy to use. It also packs a slew of expense tracking features you won’t find in many of its alternatives. And with thousands of impressive feedback across major review platforms, Honeydue is definitely an app every couple struggling with financial planning might want to check out.
To make the most of Honeydue, you’ll need to sit down with your spouse and agree on common financial goals. It’s important to ensure you’re on the same page even before inviting them as a collaborator in the app.
