6/2/2023 0 Comments You need a budget 4 reviewsIt took an email to YNAB’s support team for me to realize the reason my credit card transactions weren’t appearing was because I’d missed a step when linking my card to the app. It can be tricky to link your various bank accounts to the app. If you’re looking for a lower-price alternative, try Mint, which offers a free basic version or a premium version that costs $34.99 annually. YNAB’s $98.99 annual price tag makes it one of the pricier budgeting apps. If you use a credit card for a transaction, you can mark it as such, and YNAB will automatically designate this amount for your next credit card payment. The app helps ensure you can make your credit card payments each month. If this happens, a prominent “Overspent Categories” banner appears at the top of the home screen click it and you’ll be able to transfer surplus cash from another category, The bar turns red if you’ve already exceeded your spending limit, for a given category, which helps you know well in advance if you don’t have enough money to cover all your expenses. Each category has a progress bar that starts yellow and transitions to green when it’s fully funded with cash. ![]() ![]() YNAB only allows you to allocate money you already have, which makes it difficult to go over budget. Adding cash transactions is simple thanks to an “Add Transaction” button that offers a searchable list of every vendor you’ve ever paid. But this can be a virtue: You’ll see where every dollar of your income goes at the start of each month, which will force you to be more mindful about your spending. You need to take action on every transaction by assigning it to its specific category. You can enter upcoming bills and their due dates and indicate whether they get paid monthly, quarterly or eventually, a distinct feature that gives YNAB an advantage over similar apps. Cash transactions can be easily recorded as well. Connect the app with your credit card account and it will record your purchases. You’ll fill the buckets with cash each time you get paid. Not only does it have an accessible interface and tutorial to keep things easier and less confusing, but also comes with some really useful features.When you first get started with YNAB, you’ll plan out your monthly expenses in detail by creating spending buckets for each category, such as groceries or travel. You Need a Budget is a very useful financial management tool for individual use. Once you can manage the program properly and have used it successfully for a while, the app automatically provides a series of reports which can be read directly from the program or exported to another format. You can monitor multiple accounts simultaneously, schedule automatic transactions for certain days, handle different currencies within the same account, add all kinds of notes, and even use an advanced search tool to find new ideas, quantities, etc. These include the option to keep all your information on the cloud using Dropbox, so you can access it from any computer or mobile phone whenever you like. This makes it possible to take full advantage of the multitude of benefits hidden inside You Need a Budget. ![]() You Need a Budget is a personal management application that lets you stay in control of your money and keep your finances up to date.Īs soon as you start to use the application, you will be taken through the tutorial in full.
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