SmartDollar Review
by Ramsey Solutions
SmartDollar is Ramsey Solutions' financial wellness benefit: the 7 Baby Steps plan, unlimited one-on-one coaching in English or Spanish, EveryDollar budgeting, tax filing and will preparation.
- Company size
- Small businesses, mid-market companies, enterprises1
- Pricing model
- Quote only1
- Deployment
- Cloud1
Best for
- Employers whose workforce needs a step-by-step debt payoff and budgeting plan
- Companies of any size, from small businesses to large employers
- HR teams that want a turnkey launch and a relationship manager
Not ideal for
- Employers that want investment advice from a registered adviser
- Programs that need SECURE 2.0 emergency savings or student loan matching built in
How we evaluated SmartDollar
This review rests on the 14 facts this page shows, each checked against the source listed under “Sources”, most recently on . We did not test the product hands-on: the score uses only those verified facts, as our methodology explains; third-party ratings, where we quote them, never count in the score.
Our verdict
SmartDollar is Ramsey Solutions' financial wellness benefit built on Dave Ramsey's 7 Baby Steps: unlimited one-on-one coaching in English or Spanish, EveryDollar budgeting, free tax filing and will preparation, and a SmartCenter dashboard for HR. It is SOC 2 Type 2 compliant, goes live within a week, and is quoted as an annual fee, a utilization model or a pilot.
Strengths
One plan to follow
Built on the 7 Baby Steps: budget, a $1,000 emergency fund, debt payoff, then savings and investing.
Evidence: Personalized planning tools: Yes1
Extras included
Free tax filing, will preparation and bank-connected EveryDollar budgeting at no extra cost.
Evidence
Key features: Unlimited one-on-one coaching in English or Spanish, Free tax filing and will preparation, Free bank-connected budgeting in EveryDollar, Dedicated relationship manager, No debt products, payday advances or earned wage access1
SOC 2 Type 2
Independently tested over a full 12-month period, with encryption in transit and at rest and required MFA.
Evidence: SOC 2 Type II: Yes1
Fast launch
Can go live within the first week after signing, with eligibility files and HRIS set up by its operations team.
Evidence: Typical implementation: Within the first week after signing1
Weaknesses
No investment advice
SmartDollar teaches how investing works rather than acting as a registered investment adviser.
Evidence
Modules: 7 Baby Steps plan, Unlimited one-on-one coaching, Ask SmartDollar AI, EveryDollar budgeting, Tax filing and will preparation, SmartCenter employer dashboard1
No SECURE 2.0 features
It is not a SECURE 2.0 emergency savings or student loan matching program.
Evidence: Emergency savings support: Yes1
Quote-only pricing
Pricing is a custom quote by company size and goals; no amounts are published.
Evidence: Pricing model: Quote only1
Price at a glance
Quick answers
- How much does SmartDollar cost?
- SmartDollar builds a custom quote from your company's size and goals, with no flat rate and no hidden fees. Pricing can be an Annual All Access Fee based on your number of eligible employees, a utilization-based model or a pilot program.Based on Pricing model: Quote only1
- What is included in SmartDollar?
- Unlimited one-on-one coaching in English or Spanish, education on budgeting, debt, insurance, real estate and investing, Ask SmartDollar AI, EveryDollar budgeting, tax filing and will preparation.Based on Modules: 7 Baby Steps plan, Unlimited one-on-one coaching, Ask SmartDollar AI, EveryDollar budgeting, Tax filing and will preparation, SmartCenter employer dashboard1
- Is SmartDollar secure?
- Yes. SmartDollar is SOC 2 Type 2 compliant, tested by a third-party firm over 12 months, with data encrypted in transit and at rest and multi-factor authentication required.Based on SOC 2 Type II: Yes1
- Does SmartDollar offer earned wage access?
- No. SmartDollar does not offer credit monitoring, earned wage access, payday advances or debt products; it focuses on paying off debt and building savings.Based on Key features: Unlimited one-on-one coaching in English or Spanish, Free tax filing and will preparation, Free bank-connected budgeting in EveryDollar, Dedicated relationship manager, No debt products, payday advances or earned wage access1
Coverage of core financial wellness capabilities
Each core capability we evaluate in Financial Wellness, checked against SmartDollar’s own documentation. “Not verified yet” means we have not confirmed it either way, not that it is missing.
9 verified of 9 core capabilities
Specifications
Pricing
- Price transparency
- Quote only1
SmartDollar integrations
Named by the vendor
- HRIS
Where it ranks
- #4 of 4 scoredFinancial Wellness
- #3 of 3 scoredFinancial Wellness for Enterprises
- #2 of 2 scoredFinancial Wellness for Mid-Sized Companies
- #1 of 1 scoredFinancial Wellness for Small Business
SmartDollar alternatives
Enrich
BrightPlan80% similar
My Secure Advantage80% similar
Nudge80% similar
Best Money Moves70% similar
Financial Finesse70% similar
Implementation and support
SmartDollar: frequently asked questions
What contract term does SmartDollar require?
SmartDollar is sold on annual and multi-year contracts; ask the account executive for the term and cancellation details before you sign.
How fast can SmartDollar launch?
Within the first week after signing; its operations team sets up eligibility files, the HRIS integration and launch communications.
Can employers see employees’ finances in SmartDollar?
No. Employers see engagement and participation in the SmartCenter portal, while employees’ financial information stays private.
What size companies use SmartDollar?
Employers of all sizes, from small businesses to large enterprises; it serves more than 5 million team members across more than 2,000 companies.
What are the pros and cons of SmartDollar?
Strengths documented on the vendor’s own pages: one plan to follow, extras included, and SOC 2 Type 2. It is less suited to employers that want investment advice from a registered adviser and programs that need SECURE 2.0 emergency savings or student loan matching built in.
Does SmartDollar have a mobile app?
Yes. SmartDollar lists mobile apps: iOS.
Is SmartDollar good for small businesses?
SmartDollar lists small businesses among the company sizes it is built for (small businesses, mid-market companies, and enterprises). It ranks #1 of 1 in our financial wellness for small businesses.
How long does it take to implement SmartDollar?
SmartDollar states a typical implementation of within the first week after signing.
How this page was made
What it is built from
14 verified facts, each checked against the vendor's own pages or another primary source, most recently on Nov 8, 2026.
Method
Scored and compared with the LeadChange methodology, version 1.5. Read the methodology
Independent review
Not reviewed yet by our independent reviewer. How we review
Hands-on testing
We have not tested SmartDollar hands-on: this page uses public information only.
Who made it
The LeadChange Research Team, following a written research process. No named expert has reviewed this page. About us
Independence and errors
Who pays us never changes a score or a rank. If something here is wrong, tell us and we correct it publicly. Request a correction
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How we make money
LeadChange may earn a fee when you request pricing through our site or follow a sponsored link. Rankings never depend on whether a vendor pays us.
SmartDollarLeadChange Score 5.2
What changed
PricingWe updated SmartDollar’s contract term to custom (we showed annual).
PublishedFirst published.
Sources
The 2 pages this page's facts come from. The date beside each is our last check of the facts taken from it (the oldest, when they differ). The numbers beside the figures above link here.
Quotes from the sources
- Ramsey Solutions ramseysolutions.com/corporate-wellness/smartdollar“SmartDollar works with employers of all sizes, from small businesses to large enterprise organizations, and we specialize in helping larger employers build a standout benefits package. We currently serve more than 5 million team members across more than 2,000 companies.” “Your dedicated SmartDollar account executive builds a custom quote based on your company's size and goals. There's no flat rate, no hidden fees, and no cost ever passed on to your employees.”
- Ramsey Solutions apps.apple.com/us/app/everydollar-budget-management/id942571931“EveryDollar is the personal budget app for any money goal: save money, pay off debt & more.”