... help Reddit App Reddit coins Reddit premium Reddit gifts. When comparing Moneydance vs YNAB, ... Moneydance supports a good selection of formats, even ones that Quicken no longer does. I really like the simplicity of YNAB, especially how easy it generally is to recategorize things (I still play around with my categories since I'm not set yet on how I think about my spending and how I like to view it), but I often find myself wishing it had more features for monitoring the rest of my finances and that would go against it's principles and add bloat that most people wouldn't want. Press J to jump to the feed. Add Wally to the long list of YNAB alternatives that could be a good choice for you. In investments, track your concentrations by industries, by small vs large-cap, by growth vs value, etc. any advantages to using both types of software? Since being founded in 2009, over two million people are using Personal Capital to plan their long-term financial lives. r/simplifimoney: Any and all discussion related to Simplifi By Quicken welcome! So why do I need YNAB at all? So I use YNAB daily, and ledger once a week. Press question mark to learn the rest of the keyboard shortcuts. Pro. I want to use Quicken for a few months in parallel and then ditch it. quicken alternatives your six options bench accounting ynab vs spread spreadsheet for everyone you need a budget reddit it could be worth it. Update : Since publishing this Mint vs YNAB comparison, two significant events have occurred. I actually went ahead and purchased Quicken 2017 using a gift card and quickly (pun intended) regretted it. CREATE ACCOUNT. Mint vs YNAB. Cross platform. By using our Services or clicking I agree, you agree to our use of cookies. It is poor for budgeting, but for expense and investment tracking it is excellent. Security of YNAB vs. Quicken; Here while associating quicken vs ynab we see the Security of both YNAB as well as quicken as both of them offer bank-level encryption. Quicken does a good job of several things: Tracking your spending by category and account. In Everydollar, you turn funds on and off for each specific budget item. in YNAB, i handle it by creating a category called “budget next month.” all my current month’s income goes into that category. not upgrading but buying new)? Both are owned by the same company: Intuit. The problem is I have no idea what is better or if there is some additional software I may be overlooking. Well, the one thing that Quicken is terrible at is budgeting. I YNAB-ed that car registration fee like a boss! I am familiar with YNAB's principles and I do kinda/sorta use it for budgeting, but not really, more like I know my "fixed" expenses (rent, utilities, monthly transfers to savings and investing accounts) and the remainder of what YNAB calls "available to budget" is more of a slush fund where I try to keep the rest of my spending reasonable. ... — Reddit. i did multiple fresh starts when i first started out. Quicken used to be the best personal finance app you could find. I'm exhausted by the religious fervor of YNAB'ers and the 'YNAB Way' after just two months. Before that, I used Microsoft Money. New comments cannot be posted and votes cannot be cast. Press question mark to learn the rest of the keyboard shortcuts. Get feeds from your banks and CCs for your transactions. Based on what you describe, Quicken would be an excellent option for you. Mint vs. YNAB… I should have said quicken-like app..... dont necessarily have to use quicken itself. Don't wait a month to sync them up, the amount of work can be tremendous. Moneydance offers a free trial version so users can test the software before they decide to purchase. For those looking for a tool to manage their finances, there are some excellent alternatives to Quicken and Mint. The same would be an appropriate workflow for you with Quicken. A step-by-step guide with EVERYTHING you need to get started with YNAB. Another comparison of popular budgeting software, I thought it was worth comparing BudgetSimple to YNAB, and how they are different. It was launched in 2003, mainly as … Discover the 16 best. Get it here. Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. I do like it's bill monitoring feature but overall I am going to really try to focus on zero-based budgeting as opposed to mainly expense tracking, so I've decided to stick with YNAB. I reconcile ledger every Friday or Saturday when I do my weekly YNAB reconciliation to make sure I haven't missed any transactions in it. Cookies help us deliver our Services. While YNAB reporting has improved from a few years ago, YNAB reporting is still very weak compared to Quicken. Hi Guys, I am looking to buy personal finance software. It allows you to move around budget allocations. YNAB is a budgeting tool. It takes all your assets (retirement accounts, home value, etc) and organizes them like YNAB does for your budget. And, really dating myself, before that I used Andrew Tobias’ Managing Your Money. YNAB vs. Quicken: Customer Service. I generally enter them manually, but this makes it easy to reconcile and also get my wife’s transactions entered with nothing slipping through the cracks. I did just get Personal Capital though. These days there are alternatives with much better technologies. then when the new month rolls around, i move the money from that category to TBB. it’s really similar to how YNAB 4 had a “budget [next month]” category. Wally vs. YNAB. When it comes to YNAB vs. Mint, here's our 4 reasons why YNAB is the clear winner. It's worth looking into. I have only recently started using YNAB. I'm open to other alternatives, including arguments for staying with YNAB 4. Quicken costs money, and Mint is free. I also don't want to manually adjust my brokerage value periodically, but disconnected from the underlying assets providing that value. Pro. Your YNAB vs. Quicken decision should be based on what fits your financial journey. Doing Pro forma tax returns to see how much you will likely owe, by creating a Schedule A, Schedule D, Schedule B, etc. For example, I pay my health insurance every month. This is where Quicken outshines YNAB. The fact that Personal Capital is free, comprehensive and user-friendly makes it a clear choice among users who are looking for Mint alternatives and want to easily monitor their budgets, investments and net worth. By using our Services or clicking I agree, you agree to our use of cookies. I have looked into both Quicken Deluxe $44.99 and YNAB $50.00/yr. On the other hand, You Need A Budget (YNAB) has not provided information about its pricing. Quicken is a more robust money management tool than YNAB. Do what-ifs? Run reports. Free trial version. I have never used Quicken 2017, but I have used older versions. It doesn't handle stocks. I hate Quicken and am hoping to use YNAB (in my second month) to replace Quicken. it resets your budget so you can start with a clean slate. I set it up once, and I get a notice 3 days prior to enter it, with all the parameters pre-filled. A discussion subreddit for popular budgeting software You Need A Budget. I even went ahead and started my 34-day trial of nYNAB to see if it's worth the $45/year. YNAB is awesome for budgeting. (You will still need an accountant - or something like TurboTax - for the final tax submission.). Ledger, for envelope-style budgeting, less so (IME, but there are some tricks I came across recently that may make it work better for me there). Or how much could I save by refinancing my mortgage. YNAB vs BudgetSimple. Tracks net worth including all assets, including liquid assets, real estate, cars, and other property. I would and do use Quickbooks for my business. ... Mint Personal Capital Quicken Spendee Moneydance Banktivity PocketSmith Microsoft Money. Tracks investments; Some versions of Quicken allow you to manage specific financial situations, such as rental properties, medical expenses, small businesses, etc. and not been happy with the current landscape. ... Was very excited to try this since I stopped using Mint a long time ago and couldn't get into YNAB. FWIW, Quicken 2017 is the best release Quicken has put out in decades, probably because it's the first release from Quicken's new owner. I have used YNAB for 11+ years and Quicken for 26 years. Easily reconcile bank accounts and credit card accounts. Like how long will it take to pay off my mortgage if I pay an extra $1000 a month? Review: YNAB vs. Quicken YNAB. YNAB is awesome for budgeting. If you're into Python, you should check out fava and beancount, both are very nice. !” You can see an example of a couple different sinking funds we use below. That's less than $4 per month and for continuous updates, new features, etc. Quicken is a robust financial software solution that helps people manage their expenses, taxes, and business expenses. If you collect credit card points, it is easy to manage multiple cards. Mint has consistently topped the lists of best budgeting apps and personal finance tools because it offers a broad and clear overview of your finances. It is easy to learn and actually works as advertised. I used quicken... it frequently messed up my transactions and the balance never matched the bank. Why is it a good YNAB alternative? Personal Capital, Personal Capital vs. Quicken, Quicken vs. Mint and Mint vs. YNAB, we recommend exploring Personal Capital. Based on our analysis of Mint vs. Short for You Need A Budget, YNAB is one of the better established budgeting tools. Quicken vs. Customer Service: YNAB vs. Quicken. I've looked at alternatives like iBank (or Banktivity as it's now called, such a horrible name!) Personal Capital Side-by-Side Comparison Which Is Better: Quicken or Personal Capital? Cookies help us deliver our Services. YNAB vs Buxfer See why Buxfer is the best alternative to YNAB. It's a great way to track your overall financial wealth. while not as native as YNAB 4, it’s the same concept. It's not a good budgeting tool replacement for YNAB but if you want to graduate from just budgeting to higher-level financial management, Personal Capital can be a helpful tool. Quicken vs. YNAB. Track any asset, such as, say, a Grand Piano or your Home or a car (with periodic depreciation). Also, they do offer FAQ pages and Help Docs, as well as a community forum, that will help to answer the most basic questions. However, since YNAB isn't a good place for the additional things I'd like to track, I'm considering going back to Quicken. Trying to keep up with both daily can become tedious. If you are not using the budgeting functionality then you are better off with a tool that focuses on what you do use. Pro. Track the actual rate of return on your portfolio. Related to personal finance, budgeting, money and financial matters. So ledger it is for my full accounting, and YNAB for my budgeting. But YNAB is still among the top-rated budgeting apps. Alternatively, you can contact them via email. In particular, I would have to tie my budget into knots to get any sort of report by type of income; and type of income is important for taxes. It was founded in 2006, then acquired by Intuit in 2009, and currently has over 10 million active users. Feel free to post any news, questions, budget strategies, tips & … Mint vs. You can’t change that like you can in, for example, Everydollar. In YNAB, every single item is a fund automatically. Compare pricing of QuickBooks vs You Need A Budget (YNAB) with the following detailed pricing plan info. YNAB: YNAB tracks your information going forward, where you can connect to thousands of financial institutions. It doesn't handle stocks. It's better suited to the necessary financial reporting as well as dealing with AR/AP. Quicken is an accounting application, though you can do budgeting with it. I am a long-time Quicken user. So can anyone speak to whether Quicken 2017 is a good choice for me for a fresh start (i.e. So my vote is: if you financial situation is moderately complex, use a tool like Quicken to have an accurate representation of your accounts. By Intuit in 2009 own Flask-based web app multiple cards vs value, etc ) and organizes like. And how they perform and tracking dividends and Capital gains more robust money management tool than YNAB to. Buxfer see why Buxfer is the best personal finance software pay an extra $ 1000 month... Your financial journey Quicken Deluxe $ 44.99 and YNAB $ 50.00/yr funds on and off for specific... And YNAB $ 50.00/yr two significant events have occurred the problem is i have no idea what is better if!, for example, Everydollar $ 4 per month and for continuous updates, new features etc!, both are owned by the same company: Intuit car registration like... Is terrible at is budgeting over YNAB the better established budgeting tools Services or clicking i agree you. 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