The company partners with secure data providers to allow you to directly import your bank and credit card transactions to the app. YNAB is a multi-platform budgeting app that you can access online or via their mobile app. YNAB encourages you to make conscious choices about what you really want your money to do for you. Which means the money is more likely to go to waste. They say, “I covered when I need to cover and now I have $300 to spend how I want every month.” But they don’t plan what they want. In many budgeting systems, users cover their needs and stop. Do you want to put everything towards paying down debt? Or set $10 aside for a family pizza night? Once you’ve tackled your needs, like a mortgage payment, you have to decide where to put your remaining funds. When you get a paycheck, you assign each dollar you earned to categories in your budget. This is important since so many people give up budgeting the first time an expense throws off their plan.Īlso, YNAB helps you prioritize. Unexpectedly blow a tire and don’t have enough in the car maintenance budget? Move $30 from takeout and $20 from your vacation fund to cover the difference. The system is flexible to encourage you to roll with the punches. YNAB is the only budgeting app I’ve seen that expects – and celebrates – that there is no such thing as a normal month. Calculate your needs How does YNAB make budgeting easier? Life insurance needs aren't one-size-fits-all. When Jesse realized his system could help other people break the paycheck-to-paycheck cycle, get out of debt, and become conscious spenders he released YNAB to the world. They didn’t feel constrained they felt empowered. What surprised both Jesse and his wife was the feeling of freedom budgeting delivered. It helped them make informed choices about what they wanted to spend their money on, save for irregular expenses and ultimately reach their goals. Jesse created a detailed spreadsheet to help them plan their expenses and savings. And since they knew they wanted Jesse’s wife to be able to stay home with the kids eventually, they had to get better with money. They were both students, no TV, no car, debating if they could afford a weekly donut kind of broke. When Jesse and his wife got married, they were broke. Similar to the envelope method made famous by Dave Ramsey, but electronic. YNAB is a zero-based budgeting web-based app, which simply means you need to assign every dollar in your account to a budget category. So, how can an app about budgeting, of all things, create such passion in people? Because it can change your relationship with money. It’s where people can go to ask questions, celebrate wins, and hang out with others who are working to be financially responsible. A YNAB fans group on Facebook, created by a single YNAB user, has over 30,000 members. YNAB has been by my side and in every one of our family budget meetings.Ĭlearly, I’m a bit of a fangirl. From my first apartment deposit to wedding invitations, our home down payment, and proving to myself that I could leave my corporate job to start my own business from home. Since sophomore year of college, I have used YNAB to track every dollar I’ve earned and spent. But it wasn’t until college and my first summer internship that I found my favorite budgeting app. At fifteen, when I started working on a farm in the summers, I starting tracking everything in an Excel spreadsheet. When I was twelve and babysitting, I wrote my earnings and little savings goals in a notebook.
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