The Honeydue budget app is a free tool designed for couples to link their financial accounts in one place, promoting transparency and collaboration on everyday money matters.
We recently tested the iOS version of Honeydue to explore its features and evaluate its usefulness.
What is Honeydue?
Honeydue is a budget app specifically designed for couples, offering features that focus on budgeting money together, unlike other apps like EveryDollar and YNAB.
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Features include linking joint and individual financial accounts, setting spending limits, monitoring transactions, and chatting about specific charges within the app.
Honeydue is only available as a mobile app for iPhone and Android phones, with no desktop version currently available.
How much is Honeydue?
Honeydue is a free app with no paid version or features locked behind a paywall.
How does Honeydue make money?
Honeydue generates revenue by occasionally asking users to consider tipping an amount between $1 and $10 each month.
How does Honeydue work?
Invite your honey to the money party
After downloading and logging into the Honeydue app, users are prompted to invite their partners to join in managing finances together.
Link and sync all the financial accounts you want
Users can link their financial accounts to the app, with the option to manually add accounts if they prefer not to link them directly.
The app uses secure encryption and multifactor authentication to protect user information.
Control what you share with your partner
Users can choose what aspects of their linked financial accounts they want to share with their partners, ensuring privacy and control over shared information.
Track your expenses and set spending limits
Users can monitor their balances, track spending, categorize expenses, set limits, and receive notifications for recurring bills.
Chat and split transactions in the app
Users can communicate within the app, discuss specific transactions, and use the “split” feature to track shared expenses.
Pros and cons of Honeydue
Pros
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Designed specifically for couples, promoting financial transparency and collaboration.
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Free to use with no features locked behind a paywall.
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Allows users to control what information they share with their partners.
Cons
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Basic features with limited ability to plan for future spending.
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No desktop version available for larger screen budget management.
What do Reddit users say about Honeydue?
Reddit users have mixed opinions about Honeydue, appreciating its free nature and couples-specific features while noting its limitations compared to paid options like YNAB.
Is Honeydue worth it?
After testing Honeydue, we found it to be a valuable budgeting tool for couples, offering ease of use and tailored features for partners managing finances together.
For more budgeting app options, you can explore our list of the best budget apps, including YNAB, EveryDollar, and PocketGuard. Making informed financial decisions is always a smart move.