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You Need a Budget (YNAB) vs. Tiller: A Comparison of Budgeting Software

A Battle of Budgeting Titans: YNAB vs Tiller – A side-splitting, no-hold-bars comparison.

Dean Jovceski



Budgeting. We all know we should do it, but the majority of us would rather clean the bathroom than sit down and organize our finances. However, “If you don’t plan, you plan to fail,” as the saying goes. Budgeting software can help with that.

The days of writing numbers in a notebook and hoping for the best have long since passed. Today, there are a ton of options for budgeting tools that make the process simple. You Need a Budget (YNAB) and Tiller are two of the industry’s top names.

We’ll examine these two industry leaders in budgeting software in-depth in this post and offer advice on which one will work best for you and your financial objectives.

The Battle of Budgeting Philosophies: YNAB’s Zero-Based Approach vs Tiller’s Spreadsheet Magic

First of all, YNAB and Tiller have completely different methods for creating budgets. The zero-based budgeting approach used by YNAB stipulates that your revenue less your expenses should equal zero.

This implies that there is no room for unnecessary expenditure because every dollar you make has a specific purpose in your budget.

Tiller, on the other hand, uses Google Sheets as its platform and is focused on giving you the most control over your finances. With Tiller, you have complete control over how to personalize your budget and keep track of your spending in real time.

Which philosophy is best for you, then? Your particular tastes will determine this. YNAB might be a better choice if you want a more hands-off approach and want software that will walk you through budgeting.

Tiller is the way to go, though, if you’re a control freak like me and want the flexibility to adjust your budget until it’s perfect.

Credits: Medium

The Cost of Budgeting Bliss: YNAB’s Subscription Model vs Tiller’s Lifetime Fee

Next, let’s discuss the price. You must subscribe to YNAB’s service and pay $11.99 per month or $84 annually to use it. For a lifetime license, Tiller charges a one-time fee of $59, on the other hand.

Now, Tiller’s lifetime charge might appear more appealing if you’re like me and prioritize long-term savings. The degree of customer service and software upgrades provided by Tiller are lower than those provided by YNAB with their subscription model, so keep that in mind.

Which offers the best value for the money? You guessed right, it all boils down to preference. The additional expense of YNAB’s subscription plan can be worthwhile if you want the assurance that comes with continuing customer support and software updates.

However, Tiller’s lifetime charge is the way to go if you’re willing to use a do-it-yourself approach to troubleshooting.

Credits: Young Adult Money

The Final Verdict: Which Budgeting Software Reigns Supreme?

In conclusion, YNAB and Tiller are both excellent choices for budgeting software, each with special advantages and disadvantages.

For individuals who want a more structured approach to budgeting and appreciate continuing customer assistance, YNAB’s zero-based strategy and subscription model make it an excellent choice.

Tiller is a fantastic option for people who want complete control over their budget and are ready to employ a DIY approach to troubleshooting because of its lifetime subscription and use of Google Sheets.

The ideal budgeting program for you will ultimately rely on your tastes and financial objectives.

Spend some time thinking through your requirements, weighing the advantages and disadvantages of each choice, and selecting the program that will enable you to get control over your funds and achieve your financial objectives.

And if the thought of creating a budget is still overwhelming you, keep in mind that budgeting software makes managing your money simpler than ever. So take the plunge and begin budgeting right away. You’ll be grateful to your future self.

ALSO READ: Tradervue vs. Edgewonk: A Comparison of Trading Journal Software

This is Dean and he is a former banker with a passion for writing. He has Bachelor’s degree in Economics and an FCE English level certificate. Dean is an honest person looking for long-term partners and always giving clients more than they expect.

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