You Need a Budget (YNAB) vs Quicken for Mac (best budgeting software mac)
|Online banking integration|
|FREE / PAID|
Quicken for Mac offers tiered pricing starting from $34.99 per year, up to $89.99 per year, with the cost depending on the features included. Their revenue comes mainly from user subscriptions.
YNAB offers a monthly subscription model at $11.99 per month or $84 per year with a 34-day free trial. Their revenue primarily comes from subscriptions.
Quicken for Mac offers an all-in-one 💼financial management package, including robust investment tracking.💰 Although it has a steeper learning curve compared to others, its comprehensive tools are solid.😄 High pricing could be a hitch for some users.💸
🎯YNAB excels in providing a comprehensive budgeting solution with highly interactive and user-friendly features.😎 The educational support can boost your financial literacy dramatically.💵 However, no investment option can be a deal-breaker.😞
Quicken for Mac Pros & Cons
📊 Full-featured financial management suite
💼 Effective investment tracking
🏦 Direct link to bank accounts
🔔 Bill Management with reminders
📈 Extensive financial reporting
You Need a Budget (YNAB) Pros & Cons
🌟 High-quality budgeting tools
👍 Impressive educational resources
👥 Personal coaching option
💰 Excellent value for money
🔄 Great sync with bank transactions
🔒 Reliable security
💵 High pricing
⏱ Steeper learning curve
❌ Lack of native cloud sync
📱 Mobile app could be better
🔐 Password must be entered frequently
🧾 Not the best for invoice creation
❌ No investment tracking
👀 Some may find the budgeting concept too conventional
📞 Less efficient customer support
👨💻 Feature-set may be overkill for simpler budgets
🌐 Limited online connectability
Other best budgeting software mac
Banktivity stands out for its superior investment tracking facilities📈 and streamlined interface.👌 However, it might fall short when it comes to budgeting capabilities and pricing.😅
Moneydance is a strong performer offering a wide array of features including online banking integration and strong reporting💹, but its complex interface may not suit everyone.😕
YNAB offers features like goal tracking, report generating, direct import of transactions, personal support, and mobile apps access. Users can also link their accounts for real-time tracking. It provides a unique approach to budgeting, encouraging users to allocate each dollar a job. Including ‘roll with the punches’, ‘age your money’, etc., thereby promoting financial health. You can learn more on the YNAB website.
Yes, YNAB is compatible with Mac as it is an online-based software and can be accessed via any web browser.
YNAB offers its services at $11.99 per month or $84 annually. A 34-day free trial is available for new users to test the software before purchasing.
Yes, YNAB does allow users to link and synchronize their bank accounts, thereby keeping track of transactions in real-time.
Quicken for Mac offers multiple financial management tools not just budgeting. It provides features like bill management, investment tracking, generating tax reports, and planning for retirement. Unlike other apps, Quicken does not adopt the envelope budgeting system but provides a more traditional approach.
To run Quicken on a Mac computer, you’ll need a minimum of 256 MB of memory, and 100 MB of available disk space, macOS 10.11 (El Capitan), or newer versions.
No, Quicken for Mac does not offer a free version. However, they do offer a 30-day money-back guarantee if you’re not satisfied with the product.
Yes, Quicken offers phone and chat support for their Mac users. They also facilitate the users with a vast supply of FAQs, guides, and community support on their website.
YNAB and Quicken serve different financial needs. If you’re focused solely on budgeting and saving money, then YNAB may be a better choice. However, if you want a more traditional budgeting system with other financial management tools, Quicken could be more suitable.
Yes, both YNAB and Quicken provide mobile apps that can be accessed on most iOS and Android devices allowing you to manage your budget on the go.
YNAB ensures a high level of security to protect your financial data. It employs encryption, secure data centers, third-party audits and inspections to ensure your data’s safety.
YNAB offers a 10% discount on annual subscriptions to students for one year. After the year ends, students would have to pay the full price.
No, Quicken for Mac currently only supports the US and Canadian dollars.
Yes, you can export your financial data from YNAB as a CSV file that can be opened and analyzed in spreadsheet software like Excel or Google Sheets.
Yes, Quicken for Mac offers a variety of retirement planning tools to help users prepare for their future financial needs.
Apart from budgeting, Quicken for Mac provides features like investment tracking, tax report generation, retirement planning, and bill management, thus offering a comprehensive financial management solution.
YNAB allows you to import data from other budgeting software. You can import transaction files from your bank or other apps in certain formats like QFX, OFX, CSV, and QIF.
Yes, Quicken for Mac has a robust investment tracking feature that keeps tabs on your portfolio’s performance, cost basis, realized and unrealized gains, and continuously updates quotes to reflect the current market state.
Yes, along with its software, YNAB provides a variety of resources and advice for better money management. This includes online classes, blogs, forums, and podcasts, all aimed at educating users about financial health.
Quicken for Mac applies stringent security measures to protect your financial data. This includes 256-bit encryption, firewalls, and other security protocols to ensure data integrity and privacy.
The most cost-effective budgeting software for Mac is You Need a Budget (YNAB). YNAB focuses on giving every dollar a job, thereby creating a forward-looking budget rather than simply tracking expenses. It also provides comprehensive educational resources to help users manage their money better.
Quicken for Mac allows users to connect bank accounts, credit cards, loans, investments, and more to track all their finances in one place. It also offers budgeting and bill management features, as well as customized warnings when bills are due.
YNAB stands out due to its unique approach to budgeting. It uses a system called zero-based budgeting, where every dollar has a job. This prevents wasteful spending and encourages saving. It also offers a range of educational tools to improve financial literacy.
No, an internet connection is required to use many features of Quicken for Mac, like updating transactions and balances, downloading security prices, and using Quicken Connect.
The cost of Quicken for Mac varies according to different plans. The Starter plan is $35.99 per year, the Deluxe plan is $51.99 per year, and the Premier plan is $77.99 per year. Each plan has a slightly different feature set.
The YNAB team offers a robust collection of support materials, including live workshops, tutorial videos, and a comprehensive help center. They also have a customer service team available to answer specific queries.
Yes, Quicken for Mac provides a variety of tutorials that explain how to set up the software, track day-to-day transactions, manage budgets, handle taxes, etc. These tutorials are designed to help users fully utilize the software’s capabilities.
The YNAB Web App requires a modern browser like Chrome, Firefox, Safari, or Opera. There is also a native YNAB app available in the App Store that requires macOS Mojave (10.14) or later.
Quicken for Mac uses robust 256-bit encryption to secure user data. It also supports Touch ID and Face ID on compatible Macs, allowing for an added layer of security.
Yes, both YNAB and Quicken for Mac offer mobile apps. YNAB’s mobile app is available for both iOS and Android, while Quicken offers a mobile companion app for iPhone, iPad, and Android devices.
Quicken for Mac allows users to generate various reports, including spending reports, income and expense reports, compare budget reports and forecasts, and more. These reports are customizable and can be exported to Excel or CSV.
Yes, with YNAB you can synchronize your data across all your devices. This means you can access your budget on your Mac, iPhone, iPad, or on the web.
Yes, Quicken for Mac can handle multiple currencies. It supports over 150 currencies and updates the exchange rates automatically.
With Quicken for Mac, you can manually update your accounts at any time. However, if you have set up automatic updates, Quicken typically updates your accounts once every 24 hours.
Absolutely. YNAB is designed to be extremely user-friendly and provides plenty of learning resources, making it suitable for people with no previous budgeting experience.
While YNAB is primarily designed for personal budgeting, it can be used for very small businesses with straightforward accounting needs. However, it may not fully support the complexities of larger businesses.
Yes, Quicken for Mac can handle investment tracking. It offers features to track, analyze, and optimize your investments, including the ability to see your portfolio performance and compare it to major market benchmarks.