Editor's Overview:
- The Winner: WalletHub
- WalletHub is better than Quicken Simplifi and YNAB because it is the only budget app among the three that offers a free plan. WalletHub also has the most non-budgeting features, including access to customized credit analysis, net-worth tracking, and identity monitoring tools.
- YNAB prices its monthly subscription at $109 per year, while WalletHub Premium costs less than that ($47.90 for the first year, $95.90 after that), and a basic WalletHub account is free. Quicken Simplifi's annual subscription ranges from $35.88 to $71.88 per year.
- WalletHub and Quicken Simplifi offer a subscription-manager feature that helps you keep track of your recurring subscriptions. YNAB does not offer this feature.
- WalletHub and YNAB both offer debt payoff plans to help you find the fastest, least expensive way to become debt free.
- WalletHub offers access to credit scores, credit reports and credit monitoring for free, unlike Quicken Simplifi and YNAB.
Quicken Simplifi vs. YNAB vs. WalletHub: Key Characteristics
| Characteristics | Simplifi | YNAB | WalletHub |
| Average App Rating | 4.3 / 5 | 4.8 / 5 | 4.8 / 5 |
| Free Plan Available | No | No | Yes |
| Premium Plan Cost | $35.88 to $71.88 per year | $14.99 per month or $109 per year | $47.90 for the first year, $95.90 after that |
| Automatic Bank Sync | Yes | Yes | Yes |
| Debt Payoff Plan | No | Yes | Yes (included in free plan) |
| Subscription Manager | Yes | No | Yes |
| Account Sharing | Yes | Yes | Yes |
| Number of Budgeting Templates | 1 | 1 | 5 |
| Customer Support | Phone support & live chat | Email & in-app messaging | Email (priority support with premium) |
| Access to Credit Scores & Reports | Credit score only | No | Yes |
Below, we will walk you through some of the differences between the three apps in greater detail. We’ll also highlight which app comes out on top for each category.
Quicken Simplifi vs. YNAB vs. WalletHub: Cost
Winner: WalletHub
| Company | Simplifi | YNAB | WalletHub |
| Free Plan Available | No | No | Yes |
| Monthly Premium Plan Cost | Not offered | $14.99 per month | Not offered |
| Yearly Premium Plan Cost | $35.88 to $71.88 per year | $109 per year | $47.90 for the first year, $95.90 after that |
WalletHub wins in this category as it has a free plan, unlike Quicken Simplifi and YNAB. WalletHub’s free account lets users create budgets in five different ways, make debt payoff plans, import transactions, and get a timeline of important financial alerts, among other things.
If you decide that a paid account fits your needs better, WalletHub’s premium plan also costs less than YNAB’s, starting at $47.90 for the first year and $95.90 after that. Quicken Simplifi’s yearly subscription ranges from $35.88 to $71.88 per year.
Quicken Simplifi vs. YNAB vs. WalletHub: Automatic Bank Sync
Winner: WalletHub
| Company | Simplifi | YNAB | WalletHub |
| Types of Accounts to Link | 1. Bank accounts 2. Credit cards 3. Loans 4. Investments |
1. Bank accounts 2. Credit cards |
1. Bank accounts 2. Credit cards 3. Loans 4. Investment |
| Accounts Loaded From Credit Report | No | No | Yes |
| Countries Accepted | U.S. and Canadian accounts | U.S. and European accounts | U.S. accounts only |
All three apps allow you to sync your bank accounts and credit cards for automatic tracking. WalletHub and Quicken Simplifi also let you automatically sync your loans and investments.
WalletHub has the edge in this matchup since it automatically loads accounts from your credit report into your budget, so you don’t have to add them in manually. Quicken Simplifi and YNAB do not have this feature.
Quicken Simplifi vs. YNAB vs. WalletHub: Debt Payoff Plans
Winner: WalletHub
| Company | Simplifi | YNAB | WalletHub |
| Debt Payoff Tool | Not offered | Loan planner | Debt payoff plan |
| Available for Free | N/A | No | Yes |
WalletHub and YNAB both offer personalized debt payoff plans to help you find the cheapest and fastest way to get rid of debt. This feature lets you set a goal for when you want to pay off the debt and shows you how much you will need to pay monthly to accomplish that goal. You will also see how much interest the plan will save you.
WalletHub users can access this feature for free since it is included in a basic account, which is why WalletHub tops this category. YNAB users must pay for access to this feature, and Quicken Simplifi does not offer debt payoff plans.
Quicken Simplifi vs. YNAB vs. WalletHub: Account Sharing
Winner: WalletHub & YNAB
| Company | Simplifi | YNAB | WalletHub |
| Number of People | 2 | 6 | 6 |
| Separate Logins | Yes | Yes | Yes |
| Available for Free | No | No | No |
WalletHub, Quicken Simplifi, and YNAB all make it easy for you to let others contribute to your budget with their account-sharing feature. This can make it a lot easier to maintain a household budget.
While Quicken Simplifi only lets you share your account with one other person, WalletHub and YNAB allow you to share your account with up to five other people, and everyone on your account will get their own separate login. That is why WalletHub and YNAB tie in this category.
Quicken Simplifi vs. YNAB vs. WalletHub: Budgeting Templates
Winner: WalletHub
| Company | Simplifi | YNAB | WalletHub |
| Number of Budgeting Templates | 1 | 1 | 5 |
Both Quicken Simplifi and YNAB offer users only one way to budget. However, WalletHub comes out on top here since it offers users five different budgeting strategies/templates, letting users budget with their total income and expenses only, budget using the pay-yourself-first method, budget using the 50/30/20 strategy, or budget at the category or subcategory level. The multiple options allow WalletHub users to build a budget that works best for their situation.
Quicken Simplifi vs. YNAB vs. WalletHub: Customer Support
Winner: YNAB
| Company | Simplifi | YNAB | WalletHub |
| Customer Support | Phone support & live chat | Email & in-app messaging | Email customer support & priority email support with premium |
| N/A | [email protected] | [email protected] |
YNAB and Quicken Simplifi both offer chat support. YNAB also has email support, while Simplifi gives users the option to request that customer service representatives contact them by phone. However, YNAB has the edge here since it streams workshops where users can ask experts questions about using the YNAB app.
Quicken Simplifi vs. YNAB vs. WalletHub: Non-Budgeting Features
Winner: WalletHub
| Company | Simplifi | YNAB | WalletHub |
| Access to Credit Scores & Reports | Credit scores only | No | Yes |
| Credit Analysis | Yes | No | Yes |
| Credit Monitoring | No | No | Yes |
| Identity Monitoring | No | No | Yes |
| Identity Theft Insurance | No | No | Yes |
| Access to Auto Insurance Score | No | No | Yes |
| Recommendations on Financial Products | No | No | Yes |
| Credit Score Simulator | No | No | Yes |
| Net-Worth Tracking | Yes | Yes | Yes |
| Real Estate Values | Yes | No | No |
| Sync Vehicle Values | No | No | No |
WalletHub offers many non-budgeting features, such as access to your credit score and report, credit analysis, net-worth tracking, and a credit score simulator. WalletHub users can access these features and many more for free because they are included in WalletHub’s basic plan. That is why WalletHub comes out on top here. Quicken Simplifi and YNAB do not offer as many non-budgeting features, and users will have to pay to access the ones they do have.
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