You Need a Budget is a popular budget app. Users can create a detailed budget and track their spending in order to stay on track with their financial goals. In fact, Millennial Money has chosen YNAB as the top budgeting app for 2021.
Why? YNAB can help you visualize and understand budgeting. YNAB makes budgeting easy, so you can take control of your finances. Tools to track and monitor your progress are also offered. It’s an important tool for those who want to reach their goals efficiently and effectively.
The app is great for beginners. It is easy to get started because it is simple. YNAB syncs with more than 12,000 banks, giving you a deeper understanding of your financial situation at any given time.
Keep reading our YNAB review for all the reasons we think the You Need a The budget app is on your phone.
or, skip straight to the section on how to sign up for YNAB
What Is YNAB?
YouNeedABudget
YNAB is a budgeting app that can help you save money and get a handle on your finances. It provides resources to help you stay on track and is designed to help you create a budget that works for your lifestyle. Their 34 day free trial is risk-free. You can get the most out of your trial period if you sign up now.
How Does YNAB Work?
YNAB has four rules for successful budgeting. The idea of budgeting is to give every dollar a job, plan for the future and understand where your money is going. You can improve your financial situation by following them. Even small steps can make a big difference.
1. Give every dollar a job
The YNAB concept is to determine how you spend your money when you get it. This will help you create a budget that works for your lifestyle and help you reach your financial goals.
Budget categories like bills, groceries, housing expenses, and emergency funds are what you can allocate money into by analyzing your bank accounts.
2. Embrace your true expenses
True expenses are large, infrequent expenses. True expenses are those that are planned in advance. This could be an annual insurance premium, car tires, or a new roof for your house. It is important to plan and budget for any expense.
The YNAB app can be used to plan for true expenses. You can more easily plan for these expenses when they occur. If you have a plan in place, you can better manage your budget and make sure your finances are not stretched too thin.
3. Roll with the punches
Overspending happens. A friend may tie the knot, forcing you to dig a little deeper into your pockets for the wedding and its associated expenses, including travel, attire, and gifts. This can put a strain on the relationship, as you may feel obligated to spend both your money and time in support of your friend’s wedding.
Adjusting your budget is advised by YNAB. It is important to remember that budgeting is an ongoing process and that you should review your budget regularly to make sure it still meets your needs. Take money from another category to cover the difference if you overspending in one category. It’s important to remember that budgeting is a balancing act and that you have to be flexible.
4. Age your money
YNAB helps you plan to spend last month’s income instead of your current paycheck. You can see where your money is going by breaking down your budget into manageable chunks. It calls this strategy “aging money.”
You can increase savings, reduce stress, and never worry about living paycheck to paycheck by aging your money.
YNAB Features
YNAB has some of the top features. YNAB can help you achieve your financial goals.
Reports
Highly visual learners struggle with budgeting. YNAB makes it easy to track your progress with easy to understand reports. You can access your reports in the YNAB app. If you need to analyze your reports further, you can easily export them in a CSV format.
Goal tracking
YNAB explains on its website that budgeting isn’t about restriction. It’s about making the most of your money and taking control of your finances. It is about setting and reaching goals. It’s about the journey, not just the destination, a reminder to take your time and enjoy the process.
The YNAB app can be used to set financial goals. You can keep track of your finances with the YNAB app. You can divide your budgeting goals into short and long terms with the app.
Dual budgeting
One of the top reasons why household budgets fail is due to a lack of cooperation. You might start budgeting, but your partner might keep overspending. It’s important that you come to an agreement on how you will manage your finances as a couple.
You have to work as a team to manage household expenses. Setting a budget and having open communication will ensure that you and your partner are on the same page. YNAB has a dual budgeting tool.
Mobile app
Like most people, you spend a lot of time on your phone. Taking breaks from your phone and engaging in other activities can help you relax. Many personal finance apps have great desktop versions but skimp on the mobile app. Not YNAB.
You Need a Budget has a fully loaded mobile app. It’s easy to manage your finances on the go with the app. You can use your Apple Watch to access your budget. It’s easy to stay on top of your budget with your Apple Watch because you don’t have to pull out your phone or laptop.
Manual or automatic data entry
You can choose to enter transaction information yourself or directly from your bank account. You can access your budget from anywhere and review your spending habits in real-time with YNAB.
The manual approach forces you to pay more attention. The extra effort may be worth it in the end. The better the results, the more time and effort you put into budgeting. A budget is the first step to understanding your finances and achieving your financial goals. The experience may not be as effective if you automate the process. Automating the process can lead to a lack of trust between the user and the experience.
Proceed from there if you think about what style works for you. It’s important to remember that fashion is a form of self-expression, so don’t be afraid to experiment and have fun with it! As time goes on, you can change this process. You can continually refine the process by learning from your successes and failures.
YNAB Pricing
The YNAB app is free to download. It makes it easier to track and manage your finances. If you want to use the service, you need to purchase a subscription plan. You’ll be able to access the full range of features with a subscription plan. YNAB costs a monthly or yearly amount. Purchasing an annual subscription and paying for the entire year upfront will save you more money.
YNAB is the most expensive budgeting app on the market. Users are among the most satisfied with the budgeting app they use. A thirty-four day trial is offered by the company. You can return the product for a full refund if you don’t like it. It is possible to try it before you buy it. It’s a good idea to research and read reviews before making a purchase to ensure you’re getting the best product for your money.
Is YNAB worth the price?
The price of YNAB is more than worth it. When you sign up, you will get a budgeting app for less than what you might spend on a streaming service. You will have access to financial professionals who understand your situation.
According to YNAB, new budgeters save $600 in their first two months. YNAB helps them save more than $6,000 in the first year. The motivation to continue budgeting with YNAB is given by this accomplishment.
Cut out a subscription service and use the money for a budgeting app. This will help you to save money, but it will also help you to better understand and keep track of your spending habits. The difference won’t be noticed by your bank account. It could make a difference to the recipient.
How to Sign Up for YNAB
There is a step-by-step guide on how to sign up for YNAB. You can start tracking your budget once you’ve completed the sign-up process.
- Create an account
- Use the free trial
- Create a new budget
- Choose a budgeting style
- Select an account type
- Start budgeting
- Track your progress
1. Create an account
YouNeedABudget
YNAB is a budgeting app that can help you save money and get a handle on your finances. Powerful features and user-friendly interface make it a great tool for budgeting. Their 34 day free trial is risk-free. You won’t be charged if you cancel before the end of your trial period.
Is YNAB hard to set up and use?
You may need some time to get used to the platform. Many platforms have helpful forums or communities that can provide support if you get stuck.
There is a learning curve for YNAB. It can be difficult to categorize if you have a lot of transactions. You can gain better insights into your finances if you properly categorize transactions. Loan and credit card information can be hard to set up in the system. Don’t hesitate to reach out for assistance if you have any questions.
Current YNAB Promotions
The best promotions for YNAB are listed here.
YNAB referral program
A unique referral link is given to all YNAB subscribers. Both the referrer and the person referred will receive a free month of YNAB’s service when someone uses the link to sign up. You can see how much time is left in your friend’s trial on a referral dashboard after they sign up. If you encourage your friends to sign up, you can earn rewards for every successful referral you make.
The friend will get a free month of YNAB if they sign up at the end of the free trial. You can get a free month of YNAB if you sign up today. It is a win-win.
Free thirty-four day trial
You get a free trial when you sign up. If you like YNAB, this is a good chance to see. You can try out all the features of YNAB for free to see if it works for you.
You don’t have to pay if you cancel at any time during the trial.
YNAB Security
YNAB says security is its top priority. YNAB uses the latest security measures to make sure that your financial information is safe and secure. The company uses accredited data centers. The company’s systems are regularly monitored for security threats.
YNAB has a security policy. Before signing up, it is a good idea to look at this.
But don’t worry. YNAB is safe to use. You shouldn’t have doubts about trusting the platform with your data. The platform has a strong security system in place to keep your data safe.
Customer Service and Support
When using YNAB, you may need to talk to a support specialist. If you need help, the YNAB support team can be reached via email or phone. YNAB does not currently offer phone support. YNAB has online resources to help you get the most out of their budgeting software.
Live chat can be used to communicate with a representative. You can get help whenever you need it with live chat. The YNAB mobile app can be used to submit a help ticket. Any questions you may have about the app can be answered by YNAB’s support team.
A free help center with a full library of answers is also offered by YNAB. Users can ask and answer questions in the online forum provided by the help center. You may be able to use this for self-service to find what you are looking for.
YNAB Pros and Cons
YNAB has some advantages and disadvantages. It is important to consider the pros and cons of YNAB before making a decision.
Pros
- Great for learning budgeting
- Mobile app
- Save hundreds or thousands of dollars per year
- Dual budgeting component
- Referral program
- 34-day free trial
- Helpful graphs and reports
- Goal-setting feature for long-term tracking
Cons
- Not free
- The platform can be buggy
- No phone support
- Budgeting only — no additional financial functions
YNAB Alternatives
Some of the YNAB alternatives are listed here. It’s important to stick to yourbudget regardless of which budgeting tool you use.
Mint
Mint is one of the most comprehensive financial analysis platforms on the market. Mint can be used for a variety of financial tasks, like controlling your spending, checking account balances, and monitoring your credit score. Mint has budgeting tools to help you manage your money. Mint has a budgeting feature that is useful. Mint has a budgeting feature that helps you keep track of your finances.
Personal Capital
Personal Capital is another great platform for managing personal finances. The net worth tracker is one of the tools in the app. The budgeting tool helps users stay on top of their finances. The Personal Capital platform offers budgeting.
Personal Capital’s financial tools are free to use. The app makes it easy to keep track of your finances.
The company charges an account management fee if you want to use the wealth management service. The fee for account management is subject to change. To access it, you need at least $100,000 in your account. The service is tailored to meet the needs of high net-worth individuals who have a lot of money in their accounts.
Honeydue
Honeydue is another free budgeting app. This one is for couples. It’s perfect for a weekend away with your significant other.
Users can budget together to make more informed decisions about their finances. Users can identify areas of their budget that need to be improved by tracking their spending habits. You can track different accounts, coordinate bills, and even chat with your partner in the app to give praise or ask about transactions. It’s easy to stay on top of your finances with the app.
EveryDollar
EveryDollar provides a platform for tracking daily transactions. There is a free and a premium version of this app. The free version gives users basic features, while the premium version gives access to additional features and benefits. The free version requires you to manually enter transactions. It is important that you are able to track your spending accurately.
The app’s premium plans cost $59.99, $99.99, and $129.99 for three months, six months, and twelve months, respectively. The cost of the premium plans offer significant savings compared to the cost of buying each feature on its own.
Quicken
YouNeedABudget
YNAB is a budgeting app that can help you save money and get a handle on your finances. Their 34 day free trial is risk-free. You can experience all the features for free if you sign up now.
The Bottom Line
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