Personal Finance

3832 readers

26 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

[email protected]

YNAB vs Quicken Simplifi (self.personalfinance)

submitted 6 months ago by root to c/[email protected]

11 comments fedilink hide all child comments

I wanted to start using a budgeting program to better organize my spending/ goals, and basically narrowed it down to 3 --YNAB, Actual and Quicken Simplifi.

I setup a self-hosted instance of Actual and was able to import my spending from my account by exporting from my bank and importing into the app, however this seemed like it might get tedious over time, so I decided to try YNAB.

So far this has been pretty straight forward. I’m still waiting for things to sync up with my linked accounts, but I like it so far. I would try Simplifi but there’s no trial period there; though the graphs and UI make it seem appealing.

Anyone here have any experience with Simplifi/ YNAB, and why might you chose one over the other?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 6 months ago (1 children)

I use Quicken Classic since our finances are too complex for YNAB or Simplifi. However, I think Quicken will give you a refund within the first 30 days if you don't like Simplifi.

[–] JohnnyH842 3 points 6 months ago (1 children)

Out of curiosity, what would make someone's financial situation too complex for YNAB? I understand if you don't want to share

[–] [email protected] 2 points 6 months ago

Honestly, stuff that probably isn't an issue for most people. I needed a solution that handles personal and business accounting since my wife and I own a small businesses. I also like the fact that Quicken's reporting is a lot more "conventional" than pretty much any other other personal finance software. It doesn't take an act of God to produce a balance sheet, income, and cash flow statements.