YNAB + undebt.it Users Community

Welcome!

Welcome to a place where folks that are using both nYNAB and undebt.it can share our experiences, wins, and questions, and folks interested in using YNAB and undebt.it together can learn more about how to succeed.

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The goal is for this space to be informative, encouraging, and constructive. 

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  • Introduce Yourself!

    Tell us a little bit about yourself, your experience with YNAB and undebt.it, and any personal goals or plans you have connected with this topic.

    Like
      • Krys
      • I like bacon and sarcasm
      • Krys
      • 8 mths ago
      • 1
      • Reported - view

      My name is Krys, I started using YNAB in November 2019, and paid for my first undebt.it subscription in December 2019. I've integrated my debt accounts into undebt.it, with the exception of my mortgage, which will be added after I pay off my short-term debt.

      Like 1
    • I could have written that! YNAB start: November 2019. Signed up for undebt.it in December 2019 (but didn't pull the trigger on a subscription until January 2). My debt accounts are all set up and my payoff date is 2024 ... which seems like a really long time from now until I remind myself that 2016 feels like yesterday. Same 4 years.

      Like 4
    • Krys Thank you for starting this thread! I'm curious to see the feedback from others. I haven't yet added my student loans to undebt.it, but it's on my to-do list for later today before trying the sync with YNAB.

      Like 1
      • TechieM2
      • IT Professional and General Geek
      • techiem2
      • 8 mths ago
      • 2
      • Reported - view

      Krys I started YNAB August of 2017 and undebt.it at some point after (My account says member since December 2018, but I think that may relate to when I upgraded to premium?) - I thought I started using it around the same time as YNAB. I use it to track my Student Loan (now gone) and Car Loan (due gone in '21).

      I do partial integration between the two - I manually enter my car payments into undebt.it, but I have it watching my credit card accounts from YNAB so I can see the credit utilization stats.

      Like 2
    • Hello all! I started using YNAB in July and started using undebt.it in November. Both programs have greatly improved our financial outlook.

       

      Our current debt:

      a. One credit card - I transferred the balances of our other credit cards onto it and it has no interest until January 2021

      b. One student loan

      c. Two vehicle loans - I was not at all happy about taking on this debt but we moved from a state with no snow to a state with lots of it, and we had to replace our rear-wheel drive vehicles

      d. Mortgage

      According to my snowball table I will have the credit card and student loan paid off by October, the vehicle loans paid off by April 2022, and our mortgage by May 2031 (which is a 30-year mortgage taken out in 2018, so this is SUPER EXCITING!)

       

      Right now I have the free version of undebt.it and I am manually entering all payments and balance adjustments.

      Like 3
      • GalleYNAB
      • galleynab
      • 8 mths ago
      • 3
      • Reported - view

      Boy Do INAB Did you see that there is a 33% ($4) Promo going on until 01/31/2020? I signed up today and activated the free 30 day trial but I'm tempted to test it out for the year. Can't do anything wrong for $8/year || 67 cents a month?

      Like 3
  • Question - YNAB Sync Overrides Manual Entries in Undebt.it

    After integrating my accounts, I noticed that payments that I had pre-logged in undebt.it were deleted, as I had turned on integration of transactions. As a result, I turned off syncing of transactions, and only have my balances synced.

    The reason I pre-logged some transactions was to see how different payments would affect future payoff dates. Ultimately, it wasn't a huge deal, because I intended to delete those anyway, but I'd like to have my payments synced as well, to reduce the amount of time I spend updating undebt.it.

    If you've noticed the same thing, have you found a workaround? Or did it work for you and I should give it another go?

    Like
      • MXMOM
      • MXMOM
      • 8 mths ago
      • 2
      • Reported - view

      Krys I also unlinked from undebt.it. I don't have enough transactions that I need that automation on the undebt.it side and it keeps things simpler. I have been using undebt it for a while (November 2018) and I only recently paid the annual fee for 2 reasons - 1. to get the cool debt free date snapshots and 2. to support the developer. It was only $12 (there's a discount right now so you can get it for $8) and I use it a lot so it is only fair to support him. That said, because of undebt.it I changed to the avalanche payoff instead of snowball. I like the comparison option in undebt.it.

      I also entered ALL my open accounts per my credit report so that I can monitor my debt utilization as well.  

      Like 2
      • Krys
      • I like bacon and sarcasm
      • Krys
      • 8 mths ago
      • 2
      • Reported - view

      MXMOM The annual fee is so reasonable, and I like the cool graphics, and the comparison tool is slick. I also like the graphs and the ability to enter future payments to see how they’ll affect payoff dates and overall interest paid. Love it.

      It’s a great complement to YNAB!

      Like 2
    • MXMOM  How did you unlink them. I linked them when I set it up and it made payments from January all late because they already in trying to fix it some ended up doubling. It is a big mess. Wish I could just start over the 1st if the month. 

      Like
      • MXMOM
      • MXMOM
      • 8 mths ago
      • Reported - view

      Cadet Blue Boa in your YNAB account settings (on the website not in the mobile app) you can revoke undebt.it access.

      Like
  • Resources

    Share resources you've found for using YNAB/undebt.it here!

    Like
  • Hi I'm Vina. I've been a YNAB member for a few months, but just downloaded undebt.it. I have 10 credit cards @about $24k in debt, and I am anxious to prove to myself that I can pay it all off by Nov 2023. Definitely looking forward to the motivation from this group forum.

    Like 4
      • Krys
      • I like bacon and sarcasm
      • Krys
      • 8 mths ago
      • Reported - view

      Vina Hi! So glad you’ve joined us!

      Like
  • Hello! Just curious about using both YNAB and undebt.it. I just heard of undebt.it and am wondering if I should give it a try.

    We've got a few debts that need to be paid. We could use the snowball method on a couple (IE: they have a minimum but we can pay as much as we want) then a couple that we can't do that with (IE: mortgage, car payments (I think) etc).

    What's the benefit of undebt.it? Is it just a tracker?

    Thanks in advance,

    Lawrence

    Like 1
      • TechieM2
      • IT Professional and General Geek
      • techiem2
      • 8 mths ago
      • 1
      • Reported - view

      Lawrence Yeah it's primarily a tracker with some stats and such to help you determine what to pay first, how long it will take, etc.

      Like 1
    • Lawrence Before putting everything into undebt.it, I was paying a little extra to all my debts. Once I plugged in all the information (all debts and interest rates, minimum payments, amounts I was currently paying) it set up a debt snowball plan for me that really helped me get a good idea of how long it will be before we are debt-free (and I should also add I was pleasantly surprised at how soon it will be!)

      Like 3
      • MXMOM
      • MXMOM
      • 8 mths ago
      • 2
      • Reported - view

      Lawrence it’s a tracker but the main benefit I found is the debt payoff plan. You put in your debts and the interest rate and minimum payments and there are various payoff methods (snowball vs avalanche) and you can see the difference and pick the best one for you. It also projects your debt free date and let’s you input and see the difference small extra payments (snowflakes) make. The basic program is free so there’s nothing to lose. I tried the ynab linking but then disabled it. I don’t have enough going through my debt accounts that I can’t just enter them.  

      Like 2
  • I just had a look to undebt.it - looks nice and could be another tool for a brighter future :)

     

    BUT I have a question: I have a car loan and pay $500 per month. I added the payment to the loan in undebt.it and the loan amount was lowered by $500. But that's not the case because part of the $500 is going towards interest. So the loan amount is only lowered by let's say $400? Am I doing anything wrong?

    Like
      • TechieM2
      • IT Professional and General Geek
      • techiem2
      • 8 mths ago
      • 1
      • Reported - view

      GalleYNAB From what I've seen it tries to calculate current overall balance including interest (occasionally it will adjust the loan amount based on it's current calculation - I also update the total value myself once in a while), but it's not perfect since they don't know exactly how your particular loan works and how payments are handled - how much goes to interest vs how much goes to principal.  so it's typically close, but not exact.

      Like 1
  • Thanks for the tip. Registered my undebt.it account tonight. I'm driving myself and my wife nuts trying to figure out how to make ends meet and try to get ahead of the curve when we're about $1500 per month short of making minimum payments on consumer debt. I'm anxious to get started and pull in my credit card accounts via YNAB.

    Like 2
  • Hello All!

    Really glad I found a place and community I can talk to and share ideas and questions with! I am recently new to both YNAB and Undebt.it. I recently emailed their support to ask a question, but maybe someone here will already know the answer. As stated previously by someone already, you enter all of the credit card information, including the APR %, and it simply calculates the interest charge and applies it to the card upon due date (from what I noticed). The question I asked their support is; "what if the calculation is incorrect? I know there's a way to edit the current balance at any time, but it seems the the interest entry is not able to be edited?" The reason I am asking is because there are several instances in which a card may have different portions of the total balance on different promotional rates, and obviously I can only enter one %. Or, one card calculates interest charges one way, and another card another way. I know this seems like a small inconvenience, and with the ability to just update the current balance every time it updates on my account I can remain accurate and on track. But let's say for historical data information and tracking? Or if I simply want to remove the now required step of updating the balances to be correct each time. Anyone ever have this issue or know how I can manage to change the applied interest that is automatically calculated? Thanks in advance!

    Like 2
      • Krys
      • I like bacon and sarcasm
      • Krys
      • 7 mths ago
      • Reported - view

      find_deals Linking to YNAB for the total (if you have the accounts in YNAB), but not for individual expense entries, has helped me reduce the amount of time I have to spend in undebt.it each week.

      Like
    • MsTJ
    • YNAB has given me back my future
    • Believer_in_YNAb
    • 7 mths ago
    • 2
    • Reported - view

    Signed up recently for undebt.it. It's only $12 annually, is informative, and fun, to play with. Only have mortgages, which I don't track in YNAB, so I track them here only. Been using YNAB for a few years now. My goal is to pay them off by 1/1/29, which I'm not sure is possible, and it's a goal. This is where I stand today. I'm using the Avalanche method as it saves a little in interest but my snowball amount is small enough to not make much of a difference today. Hope to change that once I get some more buffering going in a few different categories.

    Like 2
  • Just found this thread and was glad to see others trying this out.  I've been using it off and on since late last year.  I took a break at the beginning of the year but today, decided to manually add transactions through April (no accounts linked; all manual entry to date).  If I have a pay off plan set up, do you make payments on the account page or from the snowball page?   The math and information flow when viewing account transaction history (previous balance - pmt = new balance) doesn't add up. 

    I'm considering subscribing but need to understand how the math works across sections of the site.  Do you know of any newer videos of a user who has expanded on the existing tutorials from the the developer?

    Like 2
      • TechieM2
      • IT Professional and General Geek
      • techiem2
      • 4 mths ago
      • 1
      • Reported - view

      Powder Blue Camera You make payments either from the Quick Pay section on the bottom of the Dashboard, or from the Add Transaction box on the page for that particular debt account.

      If you are paying more than your stated budgeted payment, you add a transaction to Additional Payments to increase the budget for that month (like when you get an extra paycheck so you're going to pay an extra $X on the debt above your normal amount).

      Like 1
      • MXMOM
      • MXMOM
      • 4 mths ago
      • 1
      • Reported - view

      Powder Blue Camera the manual is very comprehensive. 
       

      i “broke” undebt.it when I scaled back all my snowball amounts to the minimum. The developer helped me walk through. I also know he added a few COVID19 type blog updates on skipping payments and how to enter those.
      By going to minimum payments my debt free date went from 2023 to 2031. Yikes. That’s some motivation right there.  

      Like 1
  • Hi Everyone,

    My Name is Andy, I have used YNAB since YNAB4. I just signed up for Undebt.IT.

    I have two questions! 

    1 - Does anyone have any suggestiongs on how to handle variable rate HELOCS?
    2 - Any idea how to set up the mortgage as a Bi-Weekly payable? It doesnt give you the option! is it just a matter of putting two transactions in a month?? 

    Thanks in advance for any advice! 

    Like 1
      • anderso9
      • anderso9
      • 4 mths ago
      • 1
      • Reported - view

      Oh! And is there any way to make the minimum payment = the calculated interest? That is the way my HELOC is, you are not required to pay down any of the principle, just the interest. Naturally I intend to pay back more than just the interest, but it would be nice to include those in my minimum payment number :) I can put in estimates, but figured I should ask!

      Like 1
      • TechieM2
      • IT Professional and General Geek
      • techiem2
      • 4 mths ago
      • 2
      • Reported - view

      anderso9 It only tracks your monthly goal amount, so you would just enter the 2 payments when you do them.  Since you are going to be paying odd amounts rather than a set amount, I would probably:

      Set the minimum payment to your actual minimum payment.
      Set the monthly goal to an approximation of your intended monthly payment (minimum + estimated interest + planned extra). 
      If you end up with more or less than that to put on it, enter an appropriate Snowflake (+/-) in the Additional Payments section to adjust the monthly goal for that month.

      Like 2
      • anderso9
      • anderso9
      • 4 mths ago
      • 3
      • Reported - view

      TechieM2 Ok perfect! Thanks for the Help!

      Like 3
  • Hi guys! I started YNAB about a month ago and just got undebt.it organized today. I feel so excited to have a plan for day to day spending/saving AND paying down debt. I'm debating starting a journal too, as I think I would enjoy keeping myself accountable that way. Undebt.it projects that, using the avalanche method, we can have all our debt paid off by February 2031 (Car loan, Mortgage, Student Loan, old CC debt). I expect this number to change because our minimum student loan payment will go up quite a bit in September and accrue interest eventually. Also, the old credit card debt is so small that I'm likely to pay it in full by next year, but this is not reflected in undebt.it currently as it is low priority.

    One of my major financial goals is to follow the budget well enough that we can afford to prioritize our tax refunds toward debt. I played around on undebt.it and found that our car payment could be paid off by April 2022 (it is a 6 year payment plan obtained April 2020) and our mortgage could be finished by May of 2028 (30 year ammort. obtained January 2017) with an extra 5,000 a year.

    Truth be told, I am nervous because of my inexperience and I expect to need to adjust the plan as I get more certain of our income and expenses through YNAB overtime. Thanks for reading all this!

    Like 2
      • MXMOM
      • MXMOM
      • 4 mths ago
      • 3
      • Reported - view

      Magenta Camera undebt.it is even more addictive than YNAB.

      Like 3
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