An opinion from a happy nYNAB User trying YNAB 4 for the first time ........

Hi

I have been reading a lot, about dissatisfied YNAB 4 Users when they try nYNAB for the first time...... I thought that I could share my thoughts about trying NYAB 4 for the first time from a satisfied nYNAB User.

After using the old software, I really cannot find any reason to use YNAB 4. I do not think that it is a matter of not used to it, it is just a matter of missing tools that I have gotten used to using...

Oddly enough though, I actually preferred the YNAB 4 color scheme over the nYNAB color scheme.

The concept of seeing 3 months of Data on one screen was/is a "Plus" that I would like to see in nYNAB.

Other then the above, I am quite pleased with nYNAB and will continue to use it

Ron

9replies Oldest first
  • Oldest first
  • Newest first
  • Active threads
  • Popular
  • How much time did you spend playing around with YNAB4? Did you use the full 34 day trial?  Did you use any of the features not brought into nYNAB? Particularly, the 2 below which are the biggest limitations of nYNAB....

    Income for Next Month

    Separation of Scheduled transactions from the register and  Future Dated transactions allowed in the register combined with Running balance to manage cash flow

    Reply Like 1
  • We do not consider ourself's  "Power User's" and not saying that YNAB 4 is bad. 

    We are a pensioner's and receive our Pensions once a month. We sit down and allocate the only income we get to make sure that everything is taken care of. There are no goals, no scheduled transactions, no reimbursements, 

    The only thing that we use often is the "Move Money TooL", which is nowhere to be found in YNAB 4. 

    Easy Peasy... 

    Reply Like
      • nolesrule
      • YNAB4 Evangelist
      • nolesrule
      • 8 days ago
      • Reported - view

      keyboard I left out the list of "power user" features and processes.

      Reply Like
  • keyboard said:
    no scheduled transactions

     Well, you're wrong on this one, seriously wrong. And as nolesrule pointed out, this feature is vastly superior in Y4, in that you can show future-dated transactions right in your register on the correct date, and not falsely updated to Today's date. That skews your running balance.

    I have the distinct impression you haven't spent enough time with Y4.

    Don't get me wrong: I use nY -- but only because of the Toolkit -- (along with Y4, as it's the only thing that works for me) but there are serious shortcomings to the new version.

    Reply Like 1
    • Agent99
    • Working to Get Smart at budgeting, finances and life
    • Agent99.1
    • 6 days ago
    • 2
    • Reported - view

    I'm glad you're happy with nYNAB.  I will continue to use YNAB4 until I can no longer do so and then I will need figure what I will do.

    In my situation,  Income for Next Month, Scheduled Transactions, Multi-Month view, and the Red Arrow is VERY CRITICAL for me.  Therefore, nYNAB is not a viable option at this time.  I hope they will actually work to enhance the software as promised with the move to a subscription model so it can be useful for more of us who are happy with YNAB4. 

    Reply Like 2
      • keyboard
      • keyboard
      • 6 days ago
      • Reported - view

      Agent99   Can you please explain the "Red Arrow" to me?  In simple terms, not using YNAB "speak" which sometimes I do not understand......... An example of the red arrow would be awesome.

       

      Thanks

      Reply Like
      • jenmas
      • jenmas
      • 6 days ago
      • 2
      • Reported - view

      keyboard In YNAB 4 if you have a category (Ex Clothing is -$900) that is overspent in September you have 2 options. The default is that the negative amount reduces the Available to Budget for October. The other option is sometimes called turning the arrow to the right or the red arrow. It allows you to set it so that the -$900 is carried directly over to the October Clothing category.

      On the one hand, this is 100% making your other category balances inaccurate and is basically a form of lying to yourself. And if your budget is tight, it absolutely puts you in danger of overdraft.

      On the other hand, in late June I ordered 8 down jackets from LL Bean with the intention of keeping 1. I had enough money budgeting in my Clothing category to cover one coat (see -$900 above). Entering the transaction in my account register turned the Clothing category negative. It seemed like useless busywork to move money from other categories to cover the overspend just to undo it all once I had time to go to the store to return everything that I wasn't keeping. Now, due to happenstance, I was able to make the returns in the month of June. But what if life got in the way and I wasn't able to get to the store until early July? Using the red arrow allows me to quarantine the overspend in the Clothing category without causing me to do extra work in my other categories.

      Let me be clear though, my budget is not tight. I would have to overspend by exponentially more for it to put a strain on my budget. And I only allow myself to use the red arrow for 2 categories: reimbursements and clothing. I do a lot of my clothing shopping online and I have difficult to fit feet so ordering multiple sizes and colors of things and returning most if not all is my standard MO. They know me at the UPS store!! Also I travel for work. I usually get a travel advance to cover 50% of my per diem and the rest gets taken care of with my expense report. I have no desire to take funds from other categories to cover the short term negatives. In addition, while my lodging is a spend-to-get amount, the meals and incidentals portion of my per diem is flat rate. So if I am in a location that authorizes $90 in M&IE and I spend $40, that $50 difference is my profit. I can best track it in YNAB by allowing the Reimbursements category to go negative.

      Reply Like 2
      • Agent99
      • Working to Get Smart at budgeting, finances and life
      • Agent99.1
      • 6 days ago
      • Reported - view

      @keyboard -  @jenmas nailed it on the head.  I use the option to keep overspends within the specific category for three primary use cases; 1) timing issues - it's September 29 and I need to go to Costco because I'm out of paper towels.  However, my original plan was to go in early October and the category will be fully funded to support my usual spend by October 1.  So I will use the "red arrow" to cover the overspend; 2) work travel reimbursement - I go through periods where I travel extensively for work, while many expenses are covered directly by my employer, other expenses are on my personal credit card, so I will use the "red arrow" to track the amount until I submit my expense report and am reimbursed; 3) online shopping - @jenmas mentioned  clothes and that's true for me but more often it's for Zappos.  I will buy 3-4 pairs at a time, knowing I will keep one pair.   The red arrow works well for that.  

      I'm not close to the bone on my budget.  You can't use the option willy-nilly.  My overspends are usually less than 1-2% of my budget unless I have done several work trips in close timeframes. 

      Reply Like
  • Agent99 said:
    3) online shopping - @jenmas mentioned clothes and that's true for me but more often it's for Zappos. I will buy 3-4 pairs at a time, knowing I will keep one pair. The red arrow works well for that.

     Oh, I was absolutely including Zappos in clothes. Somewhere on my phone I have a picture of what a box holding 10 pairs of black sandals looks like (I returned them all).

    Reply Like
Like1 Follow
  • 1 Likes
  • 6 days agoLast active
  • 9Replies
  • 129Views
  • 5 Following