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XE.com VS YNAB

Compare XE.com VS YNAB and see what are their differences

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  3. » Reviews
  4. » Alternatives

XE.com logo XE.com

XE.com Inc. (XE) is a Canadian online foreign exchange services company.

YNAB logo YNAB

Working hard with nothing to show for it? Use your money more efficiently and control your spending and saving with the YNAB app.
  • XE.com Landing page
    Landing page //
    2023-05-11
  • YNAB Landing page
    Landing page //
    2023-12-23

XE.com features and specs

  • Comprehensive Currency Information
    XE.com offers extensive data on global currencies, including live exchange rates, historical charts, and weekly/monthly trends.
  • User-Friendly Interface
    The website and app feature an intuitive design that makes it easy to navigate and find the information you need quickly.
  • Global Money Transfers
    XE.com provides a reliable platform for international money transfers, with competitive rates and low fees.
  • Mobile App Availability
    The XE app is available for both iOS and Android, allowing users to access currency information and perform transactions on the go.
  • Trustworthy and Reliable
    XE.com is considered a reputable source for currency data and has been trusted by millions of users worldwide for many years.
  • Multi-Language Support
    The website supports multiple languages, making it accessible to a broader audience.

Possible disadvantages of XE.com

  • Account Setup Required for Transfers
    Users must set up an account and verify their identity to take advantage of the money transfer services, which can be time-consuming.
  • Service Fees
    While XE.com offers competitive rates, there are still fees associated with currency conversion and money transfers that may add up.
  • Limited Payment Options
    The platform may not support all types of payment methods, which could be inconvenient for some users.
  • Transfer Times
    International money transfers can take a few days to process, which might not be ideal for urgent transactions.
  • Exchange Rate Fluctuations
    Like all foreign exchange services, XE.com is subject to real-time market fluctuations, which may affect the final rate you receive.
  • Geographical Restrictions
    Certain countries and regions may have limited or no access to some of the services offered by XE.com due to local regulations.

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 XE.com

Overall verdict

  • XE.com is generally considered reliable and user-friendly, making it a good choice for currency conversion and information needs. Its reputation for accuracy and its easy-to-use interface add to its appeal for both individuals and businesses.

Why this product is good

  • XE.com is a well-known online platform that provides currency exchange rate information and international money transfer services. It is favored for its comprehensive and up-to-date currency conversion tools, which are particularly useful for businesses, travelers, and anyone dealing with multiple currencies. The platform offers various features like historical charts, rate alerts, and a mobile app for convenience on the go.

Recommended for

  • Travelers needing quick and reliable currency conversion
  • Businesses involved in international transactions
  • Individuals sending money internationally at competitive rates
  • Anyone interested in tracking historical currency exchange rates

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.

XE.com videos

No XE.com videos yet. You could help us improve this page by suggesting one.

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YNAB videos

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Beginners guide

More videos:

  • Review - YNAB Review (2024): The 4 Rules, Pros and Cons
  • Review - YNAB Budgeting App Review | NerdWallet
  • Review - YNAB Budget App: What I Wish I Knew Before Starting

Category Popularity

0-100% (relative to XE.com and YNAB)

XE.com

YNAB

Online Payments
100 100%
Online Payments
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Payment Platform
100 100%
Payment Platform
0% 0
Finance
12 12%
Finance
88% 88

User comments

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Reviews

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

XE.com Reviews

Top 7 Wise Alternatives
Like Wise, XE is very focused on online transactions. So this is best for those who want to perform quick online transfers without personal support from a representative.
Source: transumo.com

YNAB Reviews

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 budgeting 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
Quicken Alternatives: Top 5 Financial Tools for Efficient Money Management
YNAB, or You Need A Budget, is a powerful budgeting software that employs a unique budgeting system known as “give every dollar a job.” This app helps users allocate every dollar of their income to expenses, savings, debt, and other financial goals. YNAB aims to help users gain financial awareness and control, greatly reducing the stress associated with managing their money....
Source: finally.com

Social recommendations and mentions

Based on our record, XE.com seems to be more popular. It has been mentiond 143 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.

XE.com mentions (143)

  • XE.com - Get a £25 Gift Card with XE Money Transfer for £1000 transfer + £25 Gift Card per referral
    Xe.com - non-referral link (for non referral do not enter any code but you will get no giftcard bonus). Source: almost 2 years ago
  • Monzo vs Revolut vs Wise vs others
    I took a look at the live comparison right now for GBP to EUR for xe.com, Wise & HSBC GM for 1k GBP:. Source: about 2 years ago
  • 0-1 Year Treasuries ETF - Currency Hedged
    And then substracted the currency difference over a year with xe.com:. Source: over 2 years ago
  • Preordering from Amazon.com
    That is absolutely the USD price. it's $74.36 Sinagpore dollars according to xe.com. Source: over 2 years ago
  • Why Does AA Charge More Based On Country Of Residence?
    The US Security Fee is dead on according to xe.com with $5.60 USD = $7.40 CAD = £4.40 GBP. Source: over 2 years ago
View more

YNAB mentions (0)

We have not tracked any mentions of YNAB yet. Tracking of YNAB recommendations started around Dec 2023.

What are some alternatives?

When comparing XE.com and YNAB, you can also consider the following products

ProPay - ProPay is a multiple payment making service provider that lets its users to make payment to anyone in any part of the world.

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

ACE Money Transfer - ACE Money Transfer is a web-based money transfer service for sending money easily and in a hassle-free mode.

HomeBank - Access Financial Services. Easy, fee-free banking for entrepreneurs Get the financial tools and insights to start, build, and grow your business.

PayPal Braintree - An all-in-one solution to accept, process, and split payments in your mobile app or online - from small business to large enterprise.

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

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