# Palmo vs My Envelopes

The clearest difference is update cadence: My Envelopes at weekly against Palmo's every 2 months. Palmo's advantage is monetization model (free vs freemium). On price, rating, ratings volume and ads there is nothing between them.

Both are free to download. Palmo sells 3 in-app purchases, starting at $3.99 per month and My Envelopes sells 4 in-app purchases, starting at $3.99 per month. Whichever you choose, the download price is not the number that matters.

On the App Store both sit at effectively the same score — 5.0 for Palmo against 5.0 for My Envelopes. Both are backed by a comparable volume of ratings — 2 and 2 respectively.

Palmo ships an update every 2 months, My Envelopes weekly. The most recent releases landed on October 9, 2026 and October 28, 2026 respectively.

## The numbers

| Metric | Palmo | My Envelopes |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [5.0 (2 ratings)](https://appshunter.io/ios/app/palmo-paycheck-budget-tracker/id6443496808/reviews) | [5.0 (2 ratings)](https://appshunter.io/ios/app/my-envelopes/id6757923809/reviews) |
| Number of ratings | 2 | 2 |
| Positive reviews | — | 100.0% of reviews |
| In-app purchases | Yes | Yes |
| Ads | No | No |
| Update frequency | Every 2 months | **Weekly** |
| Monetization | **Free** | Freemium |
| Size | 14 MB | 27 MB |
| Requires iOS | **17.0** | 18.5 |
| Devices | **iPhone, iPad** | iPhone |
| Age rating | 4+ | 12+ |
| Developer | [JLApp LLC](https://appshunter.io/developer/1071114569) | [Vinicius Lara](https://appshunter.io/developer/1869450070) |

## What reviewers say

### Palmo

[App page](https://appshunter.io/ios/app/palmo-paycheck-budget-tracker/id6443496808)

Manage your money effortlessly with this comprehensive finance app. Track spending, bills, and transactions all in one place. Designed for ease of use, it's perfect for beginners and experienced budgeters alike to achieve financial goals.

**Highlights:** Consolidate financial information, Track spending habits, Manage bills and payments, Monitor transactions, User-friendly interface

**In-app purchases (3)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Palmo Pro — Monthly | $3.99 | per month |
| Palmo Pro — Annual | $24.99 | per year |
| Palmo Pro — Lifetime | $39.99 | one-time |


### My Envelopes

[App page](https://appshunter.io/ios/app/my-envelopes/id6757923809)

This app provides a practical budgeting system using the envelope method to set spending limits and track expenses. It helps users distribute income, manage savings goals, and gain clarity on their finances for greater peace of mind. A generous free plan is available, with optional subscriptions for enhanced features.

**Highlights:** Envelope budgeting for spending limits, Savings goals management, Income distribution tracking, Transaction tracking with notes, Bill and reminder management, Spending overview and balances, Advanced search and filters

**Features:** macOS Compatibility

**In-app purchases (4)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Personal | $3.99 | per month |
| Team | $4.99 | per month |
| Personal | $39.99 | per year |
| Team | $49.99 | per year |


## Frequently asked questions

### Is Palmo free?

Palmo is free to download, with in-app purchases available.

### Is My Envelopes free?

My Envelopes is free to download, with in-app purchases available.

### Which has better reviews, Palmo or My Envelopes?

Palmo and My Envelopes are both rated 5.0 out of 5 on the App Store, from 2 and 2 ratings respectively.

### Do Palmo or My Envelopes have ads?

Neither Palmo nor My Envelopes shows ads.

### Which is updated more often, Palmo or My Envelopes?

Palmo ships an update every 2 months, and My Envelopes weekly. Most recently, Palmo was updated on October 9, 2026 and My Envelopes on October 28, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*