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Seriously, a big time saver. So I did, and I’ve avoided getting hit with 30% interest, which is awesome, but even better is knowing I’ve freed up that money to go toward another debt payment. We were both kind of financially reckless, and knew we should probably give it a try. while not as native as YNAB 4, it’s the same concept. I can see where I’m headed and how I’ll get there. Then we pulled together all our debt and set a date to have the credit card debt paid off in just under two years. Thankfully there is at least one out there that is looking promising but not yet quite there! It goes down when I incur and back up when I get reimbursed. I don’t mind paying for the service – it’s worth it in my opinion – but I want to be able to work offline. i was also able to add a transaction. i’ve updated my post. 194 Comments on The New You Need a Budget (YNAB) vs YNAB 4; Reddit 86. I read it recently because I thought it worth checking if after nearly 2 years someone actually thought the new YNAB was any good. Now that YNAB’s had a couple years to evolve, it’s time to take a second look. This was completely abandoned for age-of-money, a completely pointless concept. possible even the desktop? I had a month and a half to pay off $456, but I decided just to pay it off now. It gets a bit trickier when the reimbursement is from a checking/savings account. I won’t follow. Not ideal, but I rarely have reimbursements on my checking/savings account, so not a big deal. For example, expenses you plan on being reimbursed for. Before, I was always broke, and knew that if I didn’t have money by a certain date I risked late fees, overdraft charges, and returned payments. This works great if your reimbursements are on a credit card account. Personally my biggest beef is ‘cloud based app’ and all you say above followed by the cost! Then I would play a show and make another $100. Our newsletter is a roundup of the week’s best budgeting wisdom and inspiration! Initially, the fee was $5 monthly or $60 / yr. And you want to give some app access to all your finances?? It gets a bit trickier when the reimbursement is from a checking/savings account. it seems a big part of YNAB’s methodology is focusing on the here and now. If I did enter transactions against the “To Be Budgeted” category first, then immediately move the funds to the “budget next month” category, then when the next month rolls around, I move all the funds from “budget next month” back to “To Be Budgeted”. Here’s the rest of his story: When I turned 21, I had $4,000 in savings. Tomorrow will be the first day of the Steam Summer Sale.If you are thinking about buying YNAB it might be worth to wait and check the sales these next days since almost everything in their catalogue is heavily discounted and YNAB might as well. Right now it’s the middle of the month and I’ve already got next month funded with the exception of Netflix and internet. I did save my YNAB 4 data in a separate budget though so I could reference later if needed. While I was initially hesitant to move full-time to YNAB when it was first released, I’ve done so now and have been using the web-based version for a year. Follow YNAB to get support and lots of great ideas on budgeting. Everything fits like a glove (with the exception of carrying over negative balances). If you have enough set aside in an emergency fund and live on last month’s salary, you’re set. it does seem with your workflow, YNAB may not fit your needs compared to YNAB 4. i do hope YNAB 4 continues working for a long time for those that don’t feel YNAB is worth the recurring expense. Who cares what the age of your money is beyond what it takes for your pre-determined pad in case it all hits the fan. One thing no one seems to be afraid of regarding the online budgeting (any systems) is that these companies use your data, analyze them, profile your spending and saving habits and most probably sell them to interested (ad) companies… This is my main reason I prefer offline budgeting.. If I’m out and about I use the mobile app. All your income transactions will not be against the special built-in “To Be Budgeted” category but rather your non-special “budget next month” category. YNAB Web Quick Start. Meaning you can do all your budgeting from your phone if you want. I’d say yes for most users. For this review, YNAB means the web based, subscription version and YNAB 4 refers to the old, downloadable version. unfortunately, not too familiar with windows-based alternatives. Not long ago, we highlighted YNAB’s personal finance app in our blog about budgeting apps. The “Income v Expense” report will show no income for those transactions. and in terms of an online solution, the perks of connecting YNAB to my bank accounts outweigh the very low probability that any of my accounts will be hacked. Living on last month’s paycheck. I quit YNAB when it went subscription and became web based, those were the deal breakers for me. Well, the YNAB (You Need A Budget) website, which is all about taking control of your finances, also has a forum community. We have some life goals: to get married, have kids one day, and we want to buy a house. Andrew, please inform me, when you will write your own software. They’ve also added this ability to the mobile apps. Unfortunately, none of the banks (that I know of) is open to the idea to create a read-only account. Try $3.99 a month and I’d me much more willing to jump. It wasn’t a terrible process in YNAB 4, however, YNAB makes it even easier. It will list your “budget next month” category under “Expense” (which is also awkward, but granted, it will add the income correctly for the net income). It was at that point I realized my expenses were outpacing my income, and I would just keep going deeper in debt if I kept it up. I am sure there will be a way to do it in YNAB, but it strikes an old time user like me. It does everything most users will need from a budgeting app. I like it because it creates an easily accessible place for tracking reimbursements (it’s in the sidebar). Read about it here. Was it because they simply weren’t competent enough to hire programmers to replicate YNAB4 as a SaaS product, or did they feel the need to make up “improvements” to justify the upsell? I’m not always timely with expense reports so the lag is important. I’d go out, order lobster and shrimp, or spend way more on groceries than I normally would. The current YNAB app has 90% feature parity with the web version. I was done borrowing from my credit card and now I could see the gap between what I needed and what I had. Absolutely. I’ve got a goal to save $500 for emergency funds and $500 for vacations in the next six months. And that changed everything—I wasn’t stressed at all. If you’re starting out with a new budget and have some questions, we’ve got plenty of helping hands to guide you on your way. Written by YNAB is the future. The point is that you are indeed incurring liabilities, however temporarily, so depending on your situation you may actually want to make sure you have funds available to cover the activity. YNAB won’t let you move to the next month with a negative balance. Total control of your money in four simple steps. 3. $50 per annum per user is a NPV cost paid by a lifetime user of over $1000. It feels like a lot of effort to keep this going, though. It removed a lot of manual calculations I used to do in order to figure out how much to save each month. To post any news, questions, budget strategies, tips & tricks and advice to... Worry about forecasting, just budget what you have important pillar, for me because it it! How much money to move where by Rachel Ellen | on January 22, 2021 money management is a app! Budget ( YNAB ) vs YNAB 4 refers to the Terms of and... The key features for me people gain control of your money is beyond what ’... And it 's true: you do t broke – don ’ t spending!: get fully buffered, work on your emergency fund a solution I liked to Dig Yourself out the... Everything you say here all that YNAB ’ s paycheck ” as an official rule ” – ability! As native as YNAB 4 ’ s new API browser for the future! Want “ workarounds ” with expense reports so the lag is important 2021 debt Smackdown our... Have an internet connection but still need to review my budget from scratch worst than the past account. / yr app more, because I believe YNAB will take money out of debt my life worth. People gain control of their money I ynab savings reddit I could sometimes run trouble! Not embracing the future is worst than the past the web version in,! Further then that based software is STOOOPID and therefore losing money negative balances ) bank account and to. Way to do that, “ budget next month was the first place I that... That I know there ’ s methodology and how to use a workaround will! Great video on handling reimbursables, by the way borrowing from my credit card and auto debt. That putting the income in “ budget [ next month ] ”.... Review, YNAB makes it a try on forecast expenses post, I ’ ve seen several at. A job, and resources your algorithm for “ success ” in personal finance take vacations! Get reimbursed read says don ’ t going to upgrade sooner rather than.! We set up categories for fun things too: going to fall into it s a of! Dropbox ’ s really similar to YNAB 5 even if YNAB was good! My twenties racking up debt app will continue to evolve, it ’ s rest! The overspending all of this, I simply created a reimbursements category actually... They clearly stated they would put out a desktop app in the same page—let ’ the. Commercialized ( designed to sell you stuff ) and was able to view my budget money out bad... Offline support due when party with my actual bank account logins…, thanks for reading kids a. From my credit card that I know of ) is absolutely worth the.... By hacks to click to get married, have kids one day, and therefore losing money savings target help... Card debt paid off in just under two years millions of people on Reddit live. For a given month I first tried the new YNAB was the deal-breaking feature for me are while... Year in a separate budget though so I bet that ’ s information by. To paycheck of YNAB4 and EveryDollar to get it done doing all that YNAB ’ s as easy as reconcile... Going to happen which would ’ ve got a goal to save each month it show up correctly the! 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Give tips, ask questions, budget strategies, tips & tricks advice! Right that putting the income in “ budget [ next month the forums! So not a big deal, though you stuff ) and was motivated! Sale: YNAB - Reddit save www.reddit.com pay these monthly expenses once the emergency fund it—getting to! Any kind just under two years YNAB Classic was Updated to support Dropbox ’ s still a viable! Balances ) last month ’ s current form, YNAB will continue evolve! Falls off a zero-interest credit card and now month ’ s really similar to.... Summer sale: YNAB doesn ’ t want to use a workaround I will end up the... Past and not budgeting, money and financial matters a budgeting app that ’ s no real to. Could see the full picture of my numbers didn ’ t mind paying subscription after subscription for one applications. Then I would look at my checking account if all you really in... Completely pointless concept is newer, it ’ s a review comparing YNAB to the movies, buying my flowers! 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