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EveryDollar vs YNAB 2023: Which Budgeting App is Right for You?

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  • Post last modified:29 October 2023
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EveryDollar and YNAB are two of the most popular budgeting apps on the market. Both apps use the zero-based budgeting method, which means that every dollar of your income is assigned to a specific category. This budgeting method can help you to track your spending more effectively and reach your financial goals faster.

However, there are some key differences between EveryDollar and YNAB. In this blog post, we will compare the two apps in terms of cost, features, and overall usability.

What is the difference between YNAB and EveryDollar?

The biggest difference between EveryDollar and YNAB is their approach to zero-based budgeting. EveryDollar uses a more traditional approach, where you manually assign each dollar of your income to a category. YNAB, on the other hand, uses a system called “give every dollar a job.” This system helps you to prioritize your spending and make sure that your money is going towards the things that are most important to you.

Another key difference between the two apps is their features. YNAB offers a wider range of features than EveryDollar, including:

  • The ability to create custom budgeting categories
  • The ability to track your spending by category, date, and merchant
  • The ability to set financial goals and track your progress
  • The ability to create multiple budgets for different purposes

EveryDollar also offers some features that are not available in YNAB, such as:

  • The ability to connect your bank accounts and credit cards for automatic transaction import
  • The ability to create a budget template
  • The ability to share your budget with others

EveryDollar vs YNAB Cost

EveryDollar offers a free version and a paid version. The free version allows you to create a budget and track your spending, but it does not include some of the features that are available in the paid version, such as automatic transaction import and budget templates.

The paid version of EveryDollar costs $80 per year or $13 per month.

YNAB does not offer a free version. The paid version of YNAB costs $99 per year or $15 per month.

Is EveryDollar no longer free?

Yes, EveryDollar is no longer free. The free version of EveryDollar was discontinued in 2022.

What are the disadvantages of EveryDollar?

Some of the disadvantages of EveryDollar include:

  • The free version is limited in terms of features.
  • The paid version is more expensive than some other budgeting apps.
  • The interface can be difficult to navigate.
  • The app does not offer as many features as YNAB.

Is there a better budgeting app than YNAB?

Whether or not YNAB is the best budgeting app for you depends on your individual needs and preferences. If you are looking for a simple and easy-to-use budgeting app, then EveryDollar may be a good option for you. However, if you are looking for a more powerful budgeting app with more features, then YNAB may be a better choice.

Here is a table that summarizes the key differences between EveryDollar and YNAB:

CostFree (limited features) or $80 per year / $13 per month$99 per year / $15 per month
FeaturesBasic budgeting features, automatic transaction import (paid version only)Advanced budgeting features, goal tracking, multiple budgets, custom categories
UsabilityEasy to use, but the interface can be difficult to navigateMore complex to use, but the interface is more customizable

Overall, YNAB is the more powerful budgeting app with more features. However, EveryDollar is a good option for people who are looking for a simple and easy-to-use budgeting app.

EveryDollar Vs YNAB: Chose Your Choice

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