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Personal Finance · head to head

Wallet vs YNAB

W

Wallet

Personal Finance

Smart expense tracking and budgeting

From
Free
Rated
-
Full reviewWebsite
YNAB logo

YNAB

Personal Finance

You Need A Budget

From
$14.99/month
Rated
-
Full reviewWebsite

The short version

  • Only Wallet has a free tier, so it costs nothing to try first.
  • They diverge on capability: Wallet covers Expense tracking, YNAB covers Zero-based budgeting.

Where they differ

Only the attributes on which Wallet and YNAB actually diverge.

Attributes where Wallet and YNAB differ
AttributeWalletYNAB
Starting priceFree$14.99/month
Pricing modelfreemiumsubscription
Free tierYesNo
Founded20102004

Identical on both: platforms (Web, IOS, Android), user rating (Not yet rated), category (Personal Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Wallet

  • Expense tracking
  • Budget management
  • Receipt scanning
  • Financial analytics
  • Bank accounts
  • IOS support

Only in YNAB

  • Zero-based budgeting
  • Bank sync
  • Goal tracking
  • Reports
  • Multi-device sync
  • Bank connections
  • Plaid
  • Bank-level encryption

Both cover

  • Web support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Wallet

  • Budget Managementnot YNAB
  • Expense Trackingnot YNAB
  • Investment Trackingnot YNAB

YNAB

  • Individual budget tracking with 34-day free trial before subscription commitmentnot Wallet
  • Household budget management with wife-on-plan sharing for up to 6 household membersnot Wallet
  • Manual transaction entry for banks outside the supported import listnot Wallet

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Wallet

Nothing recorded yet. See the Wallet review.

YNAB

  • Subscription priced exclusively in US dollars; international customers face unfavourable exchange rates
  • Multi-currency support restricted to one currency per spending plan
  • Bank import limited to select institutions in US, Canada, UK, and EU only
  • Household plan can only be shared with up to 6 people; additional members cannot access shared plan

Pricing, plan by plan

Wallet

Free
  • FreeFree
    • Expense tracking
    • Basic budgets
  • Premium$4.99/month
    • Advanced analytics
    • Custom categories
    • Receipt scanning

YNAB

$14.99/month

No published plan breakdown. See the YNAB review.

Which should you pick?

Choose Wallet if

  • You need expense tracking.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want budget management.
Wallet review

Choose YNAB if

  • You need zero-based budgeting.
  • You work on Web, iOS, Android.
  • You also want bank sync.
YNAB review

Questions people ask

Is Wallet or YNAB better?
Neither clearly leads. Wallet starts at Free and YNAB at $14.99/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Wallet or YNAB?
Wallet has a free tier; the other does not. Paid plans start at Free for Wallet and $14.99/month for YNAB.
Does Wallet or YNAB run on more platforms?
Wallet runs on Web, IOS, Android. YNAB runs on Web, iOS, Android.
Can I use Wallet for free?
Yes. Wallet has a free tier, so you can try it without paying. YNAB starts at $14.99/month.
What is Wallet best used for?
Wallet is most often used for budget management, expense tracking, investment tracking. Of those, budget management and expense tracking are not what YNAB is typically brought in for.
What can Wallet do that YNAB cannot?
Wallet covers Expense tracking, Budget management, Receipt scanning, Financial analytics. YNAB covers Zero-based budgeting, Bank sync, Goal tracking, Reports. Both handle Web support, Android support.
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