See our Honeyfi Review; the first app to help couples team up on everyday and long-term finances. See all accounts & transactions, track your budget, & save for your future.
Finances can be a touchy subject in romantic relationships, and can lead to many disagreements. However, Honeyfi is a personal finance app designed to help couples manage their money and budgeting tools. It also offers a way to communicate and stay in sync with your finances. Continue reading to learn more.
(Click here to learn more at Honeyfi)
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Table of Contents
Honeyfi was designed to help you and your partner organize and better understand your finances in the present and future. You can easily collaborate with each other about your money. All you need to do is link your financial accounts to Honeyfi, choose what you want to share with your partner, and then you’ll be able to view all your household finances in one place.
Choose how much you want to share, or don’t share, with your partner. Honeyfi has the flexibility to accommodate pretty much any configuration of couple’s accounts like:
- Tracking your spending together with joint accounts
- Tracking individual and joint accounts separately
- Keeping most of your spending and savings private and handpick transactions to share
Honeyfi offers three major categories – Bills, Essentials and Fun – along with several subcategories. Your transactions will categorize automatically, but you can change them if you want to.
Once you and your partner join the app, you’ll get instant alerts any time either person makes a transaction.
Based on your past spending, the app will automatically generate a household budget. You can easily edit your budget and track your spending against it.
When you’re reviewing a transaction, you can comment on it, tag it as his, hers or both, and share insights with each other. You can even send GIFs to each other through the app.
Honeyfi generates simple financial insights which you can quickly share with your partner.
Honeyfi is free for 30 days. After that, it’s $60 per year, per couple. That comes out to just $5 a month.
Even though the concept is a great idea and works very well, it could improve.
The rules for automatic categorization are faulty, and you’re not allowed to create your own subcategories.
The website lacks a lot of information and the FAQ page is very minimal.
If you are in a relationship and would like to manage your finances with your partner together, Honeyfi is a great option. It lets you and your partner view all your financials in one convenient location, and you can even choose which accounts you would like to share. It accommodates couples who don’t fully combine their funds as well. It will even track your spending to suggest ways your household can save even more money.
(Click here to learn more at Honeyfi)
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