Splid VS YNAB

Compare Splid VS YNAB and see what are their differences

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YNAB

Working hard with nothing to show for it? Use your money more efficiently and control your spending and saving with the YNAB app.

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2018-09-30

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2023-12-23

Splid

Website: splid.app
Pricing URL: -

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YNAB

Website: ynab.com
Pricing URL: Official YNAB Pricing
Startup details
Country: United States

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Splid features and specs

User-Friendly Interface
Splid offers an intuitive and easy-to-use interface that makes it simple for users to split expenses without any confusion.
Offline Functionality
Users can log expenses and use the app even without an internet connection, which is useful in remote areas.
Multiple Currency Support
Splid allows users to add expenses in different currencies, making it convenient for international travel and expenses.
No Sign-Up Required
The app does not require users to create an account, simplifying access and reducing privacy concerns.
Easy Sharing
Users can easily share expense reports with group members via a link, simplifying communication and transparency.

Possible disadvantages of Splid

Limited Integration
Splid lacks integration with other financial apps or services, which can limit its functionality for some users.
Manual Expense Entry
All expenses must be entered manually, which can be time-consuming compared to apps that offer receipt scanning.
No Real-Time Sync
Changes are not updated in real-time across devices, potentially leading to discrepancies if multiple users are managing a list.
Basic Features Free
While the basic app is free, advanced features require a paid upgrade, which might not be ideal for all users.
Limited to Group Expense
Splid is focused on group expense sharing, lacking features for individual finance management or budgeting.

YNAB features and specs

Effective Budgeting Methodology
YouNeedABudget (YNAB) uses a unique budgeting approach based on four key principles that encourage intentional spending, which can lead to better financial health.
User-Friendly Interface
YNAB has a clean and intuitive interface that is easy to navigate, making it accessible for users with varying levels of technical proficiency.
Comprehensive Educational Resources
YNAB offers a variety of educational resources, including tutorials, webinars, and workshops, which help users understand and implement effective budgeting strategies.
Goal Tracking and Reporting
The app provides robust goal tracking and reporting features that help users monitor their financial progress and make necessary adjustments.
Cross-Platform Accessibility
YNAB is available on multiple platforms, including iOS, Android, and Web, ensuring users can access their budgets anytime, anywhere.

Possible disadvantages of YNAB

Subscription Fee
YNAB requires a paid subscription, which may be a drawback for budget-conscious users who are looking for a free budgeting tool.
Learning Curve
The unique budgeting methodology may take some time for new users to fully understand and implement effectively.
Manual Data Entry
Although YNAB supports bank import features, users may still need to perform some manual data entry, which can be time-consuming.
Limited Investment Tracking
YNAB focuses primarily on budgeting and does not offer robust investment tracking features, which might be a limitation for users looking to manage their investments.
Missing Advanced Financial Tools
While YNAB excels at budgeting, it lacks some advanced financial planning tools that could be useful for more experienced users requiring detailed financial analysis.

Analysis of YNAB

Overall verdict

YNAB is generally considered a valuable tool for individuals who want a structured, hands-on approach to budgeting and cash flow management. Its focus on zero-based budgeting and financial education makes it particularly effective for users who wish to actively engage with their personal finances and develop better spending habits.

Why this product is good

YNAB (You Need A Budget) is appreciated for its proactive budgeting method, which encourages users to allocate every dollar towards specific expenses or savings goals. The platform emphasizes the importance of giving every dollar a job, helping individuals gain control over their finances and plan for both short-term expenses and long-term financial goals. YNAB also offers features like real-time synchronization across devices, detailed financial reports, and educational resources to improve budgeting skills.

Recommended for

Individuals seeking a more disciplined approach to budgeting.
People who prefer proactive financial planning rather than reactive money management.
Users who want access to educational resources that improve financial literacy.
Those comfortable with a subscription-based financial service offering continuous updates and support.

Splid videos

+ Add

"Splid" by Kvelertak (ALBUM OF THE YEAR CONTENDER?) | ALBUM REVIEW

YNAB videos

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Beginners guide

Category Popularity

0-100% (relative to Splid and YNAB)

YNAB

Personal Finance

5 5%

Personal Finance

95% 95

Bill-Splitting Apps

100 100%

Bill-Splitting Apps

0% 0

Finance

4 4%

Finance

96% 96

Expense Tracking

100 100%

Expense Tracking

0% 0

User comments

Share your experience with using Splid and YNAB. For example, how are they different and which one is better?

Reviews

These are some of the external sources and on-site user reviews we've used to compare Splid and YNAB

Splid Reviews

dee parkes

· retired at retired · over 3 years ago

great! easy to use, versatile, flexible. Recommended.

I prefer this app to similar ones I've tried. It seems clearer, more straightforward and simpler to use for normal holidays etc. But if you need more complex arrangements it's versatile too: in that you can have multiple currencies; and groups containing different people.

12 Best Bill Splitting Apps in 2023

Splid is an excellent app for those who want to take their bill splitting to the next level. It is among the popular bill splitting apps that supports advanced features like location-based payment suggestions, detailed accounts of shared expenses, and a user-friendly interface, Splid app makes splitting bills easier than ever before.

Source: www.mobileappdaily.com

Best Bill-Splitting Apps

Splitting up the cost of group trips can be tough. Splid allows you to add in all the expenses of a trip and then split it up among each person on the trip. The app is useful for splitting up non-trip expenses as well. Multiple payees can be added to each expense, for example, if two people covered the cost of groceries upfront, but five people need to chip in on the bill....

Source: www.thebalancemoney.com

YNAB Reviews

Best YNAB Alternatives: Save More with Budgeting Apps in 2026

Let’s be honest: paying $14.99 a month to learn how to stop spending money feels a little bit like buying a gym membership just to use the vending machine. If you are searching for the best YNAB alternatives, you have come to the right place. At SmartWalt, we love the methodology behind You Need A Budget (YNAB)—the zero-based approach is a game-changer—but we also think your...

Source: www.smartwalt.com

10 Best Mint Alternatives (Free & Paid)

YNAB is ideal for those looking just for a simple budgeting tool. YNAB’s interface is similar to a spreadsheet. The tool makes it easy to budget by category based on the money you actually have in the bank. It's not useful as an investment tracking app, however.

Source: robberger.com

11 Alternatives to QuickBooks in 2024

YNAB is easy to set up, syncs with all your bank and credit card accounts, and will guide you through the process of creating your first budget. Wirecutter says it’s “the closest thing to having a positive-minded professional help you make your own budgeting spreadsheet” and “the only budgeting app we’d spend our own money on.”

Source: www.bench.co

Best Mint Alternatives to Keep Your Budget on Track

While Mint showed you where your money went after you spent it, YNAB uses the zero-based budgetingÂ system to assign every dollar a "job." That can be more helpful if you're focusing on future spending. While it is a paid service, YNAB claims the average user can save $600 in the first two months and $6,000 in the first year.

Source: www.cnbc.com

10 Best Mint Alternatives To Manage Your Money in 2024

YNAB has a 34-day free trial, so you can see if it’s right for you, and Mint users can import data using the Mint to YNAB migrator.

Source: 7saturdaysfinancial.com

Social recommendations and mentions

Based on our record, Splid should be more popular than YNAB. It has been mentiond 2 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Splid mentions (2)

Running an Open Source App: Usage, Costs and Community Donations
Would be interesting to see how this compares to https://splid.app/. - Source: Hacker News / over 1 year ago
Show HN: An alternative to Splitwise, more minimalist, no ads, no account
Https://splid.app/ is a great no-account alternative. - Source: Hacker News / about 4 years ago

YNAB mentions (1)

Show HN: Wealthfolio 2.0- Open source investment tracker. Now Mobile and Docker
Clickable link: https://ynab.com I'm a huge fan of You Need A Budget, it was instrumental in giving me control over my finances. It feels like a superpower to see all my money in one place and not care which bank account the dollars actually reside. Also makes it easier to take advantage of various offers (Credit card or things like HYSA) since I know all the records will live in YNAB and I have full control... - Source: Hacker News / 8 months ago
Is $250 a month in disposable income livable for a family of 3?
You'll be going into a tight budget time, so get a really good system in place. If you don't have that you love already, I recommend YNAB (youneedabudget.com). It's envelope based and is really good for planning ahead for irregular expenses and for "rolling with the punches" if something comes up. It works differently than traditional monthly budget, so take time to use all the resources to learn the system. ... Source: about 3 years ago
LPT Request: What is your favorite life hack that has saved you money, time, or made your day-to-day activities easier?
I also said in a comment below, I use YNAB to track my financial life. This strategy only works if you have enough confidence in your finances to know that if I gave you a card with 100k credit limit, you would never spend more on it than what you have in your bank and has been budgeted for. If not, I cannot overstate how important it is to get your budget in order beforehand. There’s zero money saved if you pay... Source: about 3 years ago
Fund future vacations
If you aren’t already giving every dollar you make a job, earning more money will only get you so far. Check out YNAB, read all the free content about learning to plan and budget. Source: about 3 years ago
Tracking savings goals
Track it by hand or in software. I started out with just a spreadsheet, but since then moved my whole budget to YNAB (youneedabudget.com), where you track all your individual savings goals as well as how your money will be used to cover regular (and irregular) expenses. Now the whole plan is in one place, and covers everything from how much is set aside for gardening supplies for this summer to the big... Source: about 3 years ago

What are some alternatives?

When comparing Splid and YNAB, you can also consider the following products

Splitwise - Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!

Mint - Free personal finance software to assist you to manage your money, financial planning, and budget planning tools. Achieve your financial goals with Mint.

Tricount - Manage and share expenses with friends

HomeBank - Free, easy, personal accounting, for everyone

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...

GnuCash - A personal and small-business financial-accounting software, licensed under GNU/GPL and available for Linux, Windows, Mac OS X, BSD, and Solaris.