When comparing Ledgerist vs YNAB, the Slant community recommends YNAB for most people. In the question“What are the best cross-platform budgeting apps?” YNAB is ranked 9th while Ledgerist is ranked 13th.
Ranked in these QuestionsQuestion Ranking
Pro Multiple Accounts
Ledgerist allows you to manage multiple accounts at the same time. This way you can keep track of your checking account and credit card and any other accounts within the same app.
Pro Organize transactions
Ledgerist can sort and organize your transactions by naming them or adding notes. You can then use this to find out where and how much of your money is being spent.
Pro Mobile apps for easy expense tracking
Pro Online web app
Pro Free trials available
YNAB lets you try it's software free for just over a month. This gives you a bit of flexibility when doing a monthly budget - 4 extra days to review your budget and determine whether YNAB helped out enough to justify the $5 price.
If you're a student, you can get an additional 12 months for free (for a total of 13 months) and after that you can get 10% off yearly subscriptions.
Pro Provides a method for budgeting
Provides a 4 step method for budgeting money, that really makes budgeting simple and powerful.
Pro Easy to manage and flex budgets
I've tried several including Quicken desktop app and I just like the way YNAB works. It is easy to learn and actually works as advertised.
Con No Automation
Ledgerist won't automatically update your transactions. You must manually update it each time you make a transaction.
Con No Account Integration
Ledgerist does not allow you to import accounts. This means you will not have any data from before you started updating the app.
Con Subscription based
Instead of a one-time purchase, you will need a subscription to use YNAB after the free trial. Subscriptions can be bought month by month ($5/month) or annually ($50 for the year). Even factoring in this recurring fee, the vast majority of users will still save hundreds more dollars each year.
Con Learning curve
There is a learning curve to the YNAB method.