![]() If you’re looking to keep track of your cash flow down to the dollar in a customizable platform, YNAB is a good choice. If you come across any issues while budgeting or specifically with using the software, YNAB has a responsive support team, a community forum and dozens of helpful videos and articles. YNAB uses a variety of security measures to keep all your data safe.Īside from seeing your budget in list form, YNAB provides pie charts and graphs for you to gain further insight into how you spend your money. Alternatively, you can choose to enter your information manually. You can also import account information using the desktop version. When you’re setting up your budget in the app, you can link your bank account so your spending is updated automatically. If you’re not satisfied with your experience after paying for the app, YNAB will refund your money. If you’re a college student, that free trial is extended for a whole year. Though there isn’t a free version of the app, YNAB offers a free 34-day trial for you to test out the product. You can choose to pay a monthly fee of $11.99 or an annual charge of $84. ![]() YNAB is compatible with a range of devices - you can use it on your desktop, your iPhone, your Android phone, your iPad, your Apple watch and even Alexa.īasically, you can take your budget with you wherever you go, and it’s easy to share if you’re managing household finances with a spouse or partner. YNAB also keeps you on track of upcoming bills so you don’t encounter late fees. You can completely customize your budget so it aligns with the way you’d like to categorize your expenses. The YNAB app prioritizes balancing your cash flow and setting up financial goals so you can save for future expenses and pay off debt. To pay this month’s bills and expenses using money earned at least a month ago. To embrace flexibility when you overspend or something happens that causes you to go over budget. To plan for large, infrequent expenses by saving a little each month - essentially setting up sinking funds. To budget for every dollar of income (following the zero-based budget system). In the last decade and a half, the money management system has grown and blossomed, but it remains rooted in four basic principles: YNAB was created back in 2004 by Jesse Mecham, then a recently married accounting student looking for ways he and his new wife could better manage their finances. We’re laying out the pros and cons in this YNAB review so you can decide if this app is right for you. We’ve researched this personal finance tool to provide you with some insight into how it can improve the way you manage your money. The YNAB app is part of a larger brand that includes a blog, podcast and book - but right now we’re just going to focus on the app. The cool kids call it YNAB (“why-nab”) for short. Seriously, that’s the name of the budgeting app. One such tool really spells it out directly: You Need A Budget. Having a tool to help you only makes the process easier. Instead of wondering where all your money is going, by budgeting you can find solace in knowing your bills are covered and you’re working toward various savings goals. Budgeting can get a bad rap, but making a plan for how you spend your hard-earned cash is a good thing.
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