Quicken vs You Need a Budget (YNAB) (best money managing software for mac)
Compare | Winner | |
Ease of Use | ||
Budgeting | ||
Expense Tracking | ||
Investment Monitoring | ||
Bill Management | ||
Financial Planning | ||
User Interface and Experience | ||
Integration with banks and financial institutions | ||
Security | ||
Value for Money | ||
FREE / PAID | Quicken monetizes through paid versions of its software, ranging from $34.99 to $94.99 per year 🏷️💰. | YNAB charges a flat rate of $11.99/month or $84/year for its services 💲💲. |
Conclusion | Quicken, a comprehensive tool with extensive features 🛠️🖥️. Best for those who seek robust planning and tracking 💰🚀. | YNAB, an app focused on budgeting and building your financial future. Perfect for the proactive planner 👍💼📊. |
Quicken Pros & Cons
Robust planning and tracking 🏆
Excellent features for investment monitoring 📈
Direct integration with many institutions 🔄
Bill management is a breeze 🧾✅
Stores data locally and online for easy access ☁️💾
You Need a Budget (YNAB) Pros & Cons
Excellent budgeting feature 🎯
User-friendly interface 👌
Education resources to help manage finances 🎓💰
Goal tracking that helps with debt payoff 🎯💳
Live customer support 🙋♂️📞
Quite efficient in transaction importing 🔄✅
A bit expensive 💸
User interface could be improved 😅
Requires some learning curve 📚⏳
Occasional syncing issues 🔄❌
Customer service could be better 📞👎
Mobile app needs enhancement 📱🙏
Doesn’t track investments 📈🙅♂️
No bill management feature 🧾❌
Requires some financial knowledge 🤓📚
Only available in English 🇺🇸🙅
Provides only annual subscription versions 📆💰
Other best money managing software for mac
Banktivity, an exclusive Mac software with great interface. Ideal for Apple enthusiasts who crave personal finance management 🍎💪🎯.
Moneydance, a safe and wholesome solution for those who desire a standalone app with no cloud data storage 🚫☁️🔒.
Mint, a popular choice for basic budgeting and expense monitoring. Top pick for those on the lookout for a free software 💸🆓👌.
FAQ
What is the top money managing software available for Mac users?
The top money managing software for Mac includes Quicken and You Need a Budget (YNAB). They offer comprehensive financial management features, make budgeting easier, and can help improve your overall financial health.
How does Quicken perform as a personal finance tool for Mac user?
Quicken performs exceptionally well as a personal finance tool on Mac. It offers seamless synchronization between desktop and mobile, comprehensive investment tracking, customizable budgets, and numerous other features for efficient money management.
Which is superior between Quicken and YNAB for Mac users?
Choosing between Quicken and You Need a Budget (YNAB) depends on individual needs. Quicken is better for comprehensive financial management while YNAB concentrates more on budgeting and helping users save money and pay debt.
What are the standout features of YNAB?
YNAB incorporates unique features like ‘Age of Money’, ‘Goals’, and ‘Rules’ to help users effectively manage their budgeting. It also provides comprehensive reports to track spending habits and progress.
Can Quicken sync data across multiple devices?
Yes, Quicken has robust cross-device syncing capabilities. Users can manage their financial information seamlessly across their Mac, PC, and mobile devices.
Are Mac users obliged to pay for using Quicken and YNAB?
Both Quicken and You Need a Budget (YNAB) are paid software. However, they do offer free trials so users can experience the software before making the decision to purchase.
How secure is the data in Quicken?
Quicken employs robust security measures including 256-bit encryption to keep user data safe and secure. It also includes features to protect financial transactions with passwords.
Is customer support provided by Quicken and YNAB?
Yes, both Quicken and You Need a Budget (YNAB) offer customer support. YNAB, in particular, is known for its customer-success-oriented approach providing in-depth user guides, online classes, and active community forums.
How user-friendly is YNAB for beginners?
YNAB is particularly user-friendly, especially for beginners. It provides step-by-step instructions for setting up a budget and encourages users to budget every dollar they earn.
Does Quicken provide investment tracking?
Yes, Quicken provides comprehensive investment tracking. It assists in managing portfolios, tracking market trends and provides detailed reports on investment performance.
Can YNAB help pay off debt?
With its unique approach to budgeting, YNAB can indeed help users to effectively manage their money and pay off debt. It encourages users to ‘give every dollar a job’, ensuring that money is allocated toward paying off debt.
Are regular updates provided for Quicken and YNAB?
Yes, both Quicken and You Need a Budget (YNAB) roll out regular software updates for performance improvements, feature enhancements, and security patches.
Is there a mobile app available for Quicken or YNAB?
Quicken and You Need a Budget (YNAB) both offer mobile apps for iOS and Android devices. These apps allow users to manage their finances on the go.
How does Quicken handle budgeting?
Quicken provides detailed and customizable budgeting tools. It allows users to set spending limits, track expenses, and compare projected spending against actual spending.
How intuitive is the YNAB interface?
The YNAB interface is straightforward and intuitive. It provides a clear overview of your budget and spending, ensuring easy navigation even for the most beginner users.
Does Quicken support bill management?
Yes, Quicken supports bill management. It allows users to track, pay and manage bills directly from the software.
Does YNAB offer any educational resources?
Yes, YNAB offers various educational resources including online classes, blogs, podcasts, and user guides to help users understand efficient budgeting techniques.
Can Quicken track real estate and personal assets?
Yes, Quicken allows users to track real estate and personal assets. It provides tools to monitor property values, set up a home inventory, and manage loans associated with real estate.
What types of financial reports does YNAB offer?
YNAB offers several types of financial reports including spending reports, income vs. expense reports, and net worth reports. These reports provide insightful data to help users understand their spending patterns and financial growth.
Is there a learning curve with Quicken?
While Quicken does have robust features, there might be a slight learning curve for first-time users. However, the software is generally user-friendly and offers extensive help resources to make the process easier.
What is the most effective software for managing money on a Mac?
The most effective money managing software for Mac includes Quicken and You Need a Budget (YNAB). Both of these software offer excellent budgeting tools and an intuitive interface for ease of use.
How does Quicken assist users with financial management?
Quicken offers comprehensive financial management tools including budgeting, bill management, investment tracking, and reporting features. It helps users maintain a clear overview of their financial situation.
Is Quicken compatible with Mac?
Yes, Quicken does offer a version that is compatible with Mac, allowing Apple users to benefit from its extensive features.
What unique features does You Need a Budget (YNAB) offer?
YNAB offers unique features like ‘Budget to Zero’ and ‘Age Your Money’, which are designed to help users manage their money effectively and prevent overspending. It also provides detailed reports to track income and expenses.
Is YNAB compatible with Mac?
Yes, You Need a Budget (YNAB) is fully compatible with Mac and offers a user-friendly interface for managing budgets and tracking expenses.
Can Quicken and YNAB sync with bank accounts?
Yes, both Quicken and You Need a Budget (YNAB) have the feature to sync with users’ bank accounts, providing real-time updates and tracking for transactions. This makes money management more efficient and accurate.
What’s the cost for using Quicken on Mac?
The cost for using Quicken on Mac varies depending on the chosen plan but it generally ranges from $34.99/yr to $104.99/yr. Users can check the exact pricing on the Quicken website.
How much does YNAB cost?
You Need a Budget (YNAB) costs $11.99/month or $84/year. A 34-day free trial is offered for new users. Detailed pricing can be accessed on the YNAB pricing page.
Are there any free alternatives to Quicken and YNAB for money management on Mac?
Several free alternatives to Quicken and YNAB exist, such as Mint and Personal Capital. These offer budgeting and tracking features at no cost, but may be less comprehensive compared to the paid options.
Is my financial data safe with Quicken and YNAB?
Both Quicken and You Need a Budget (YNAB) use robust security measures to ensure users’ financial data is secure. Features include data encryption, secure data centers, and other protocols.
Can I access Quicken and YNAB on mobile devices?
Yes, both Quicken and You Need a Budget (YNAB) offer mobile applications for iOS and Android devices, offering users accessibility to their financial data on the go.
How user-friendly are Quicken and YNAB for new users?
Quicken and YNAB are designed to be user-friendly, even for those with little or no experience with budgeting software. They offer intuitive interfaces and provide detailed help resources and customer support for new users.
Can I cancel my subscription with Quicken or YNAB if I’m not satisfied?
Yes, both Quicken and YNAB offer a money-back guarantee if you are not satisfied with their software. The refund terms can be found on their respective websites.
Do Quicken and YNAB offer customer support?
Yes, both Quicken and YNAB offer extensive customer support, including a comprehensive online help center, email support and live chat facilities. It helps users navigate through any issues they encounter.
Do Quicken and YNAB have any data import functions?
Yes, both Quicken and YNAB allow users to import data from various sources, saving them time and making the setup process easier.
Are any tutorials offered to quickly master Quicken and YNAB?
Both Quicken and YNAB offer tutorials, including videos and detailed guides, to help new users get up and running quickly with their software.
Do Quicken and YNAB allow for multi-currency management?
While Quicken supports multi-currency management, YNAB is more limited and currently only supports the currency set in your region.
Can I track investments through Quicken or YNAB?
Yes, Quicken offers comprehensive investment tracking tools. YNAB on the other hand focuses more on budgeting and expenses, and doesn’t include investment tracking.
Can I manage my business finances with Quicken or YNAB?
While Quicken offers business finance management features in their Home & Business version, YNAB is more targeted towards personal financial management and might not fully cater to business needs.
Do Quicken and YNAB have bill payment features?
Yes, both Quicken and YNAB offer bill management and payment reminder features, helping users to keep track of upcoming bills and prevent late payments.