You Need A Budget Vs Moneydance

Having used both You Need A Budget and Moneydance I wanted to compare these two programs. From the start I should mention that I do currently have Moneydance.

Do I use Moneydance?

YNAB is a very good program that has one clear purpose. It is created to make budgeting easier. As such it lacks features that I was looking for in a personal finance software program. Thus, essentially the program was not geared according to my needs.

As a result, I ended up purchasing Moneydance.

Reasons to Buy Moneydance over and against of You Need A Budget:

  1. Moneydance has a lot more features. Yes, you can set up a budget with it. In addition, you can also track your investments and monitor all your bank activity.
  2. You can easily access helpful graphs and reports that give a good overview of your entire financial situation.
  3. It has an easy to use budget feature. Thus, with this program you get the same benefit as YNAB, but you also get other benefits.
  4. It costs less.

Reasons to Buy Quicken over and above Moneydance:

If you are new to budgeting then YNAB might be the best product for you.

  1. There is no easier way to budget than with YNAB. Everything is so clear, crisp, and easy to monitor with YNAB.
  2. Good online support and customer interactions via their blog/chat rooms.

Ultimately the decision about which is better comes down to what you are looking for in a program. In the end I found that Moneydance was better suited for my needs, but that might not be the case in your situation. This is especially true for people setting up a budget.