It is less visually-stimulating, but it's also more flexible since you can create a system that works exactly for what you want it to. The cons are that you're paying a good amount for something that you could do on your own using an Excel spreadsheet.
YOU NEED A BUDGET 4 REVIEW FREE
For people that find it helpful after the free trial, they find it really great and enjoy it. It is also good because it forces you to balance your budget so that you can't overspend and not track it. It's a good tool for people that want to automate a lot of work of tracking transactions and want a visually-stimulating platform for tracking their budget. Like: Ease of use, cloud storage and mobile apps so my SO and I can access it anytime and it's always updated, ability to like bank accounts (I don't do this but it's a big draw for many people), helping me and my SO fulfill our overarching financial plan while still planning for little things like Christmas presents and haircuts.ĭislikes: Reports aren't as good as they could be (toolkit for browser provides expanded reporting and helps mitigate this), mobile version of YNAB lacks some features and doesn't display all your data as well as the browser version, category goals don't allow for much customization and could definitely be expanded.
YOU NEED A BUDGET 4 REVIEW TRIAL
If you start using YNAB you can contact them to get a 3 or 4 month free trial and I would also highly recommend utilizing the browser version and not just the mobile app.
YOU NEED A BUDGET 4 REVIEW HOW TO
Because YNAB's core philosophy and methodology is different than many other budgeting apps out there, I would guess it takes most people at least a couple months to really understand how to use YNAB fully and make a mental switch to the YNAB method. If you go onto /r/ynab you will see many success stories of people using YNAB to dig themselves out of debt, break their paycheck-to-paycheck cycle, and increasing their savings for retirement or things like a house down payment. It is a framework for understanding and budgeting your finances but if you are not actively utilizing it how it should be used then it will not help you. I want to be clear that YNAB is not a set-it-and-forget-it solution. It does have an annual cost but it's well worth it for the benefits it has provided.
I've used YNAB for a few years now and upgraded to nYNAB (the current subscription service) at the beginning of this year. Make sure to Google up a promo link for a free 3-4 month trial, and drop us a line at /r/YNAB if you get stuck! This is the video that made YNAB "click" for a lot of people, myself included. the feeling of financial peace is indescribable. Now that I've got myself to the place where all my bills are funded at the start of the month and major expenses like my upcoming brake job have money set aside well in advance. For example, if I've only got $10 left in my Groceries category and I want to go shopping, I have to either 1) stick to that limit, or 2) be honest with myself about which other category I'm removing funds from to cover my overspending. This creates a feeling of artificial scarcity once you train yourself to look at category balances instead of your bank account balance. YNAB operates on the fundamentally different concept that you only budget money that you have right now, and give every single one of those dollars a "job". Most people run into problems because they try to use YNAB like a spreadsheet/Mint/other budgeting software. YNAB singlehandedly changed my finances and my life. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future. Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests.
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