How do you find the money to pay for YNAB ?

I used to use YNAB4 but haven't for a long time. I'm really struggling with my finances now and YNAB4 isn't syncing any longer so I downloaded the free trial of YNAB and it's great, especially the targets-very hlpful for things that need to be paid once a year.

 But what do you do when there's no money to pay for it at the end of the free trial? 

I'm unable to work so the income I have is not very high, and after all the bills are paid there's only a few pounds left. Given 6 months or so I might be able to save up enough but I know I won't have $75  in 34 days time(apparently I get  a discount because I had the old version before).

I guess there isn't really anything I can do about it. At least I can do it for a month and hope that sets me on the right path. I've listed a few things to sell but nobody's interested in them yet.

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  • I've listed some things for sale on facebook but had no interest yet. My dilemma is that even if I manage to save the money or sell enough, I feel like I should be paying that towards the debt. In my head that makes more sense than paying for something else. I feel like I need to adjust my thinking.

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      • jenmas
      • jenmas
      • 1 mth ago
      • 3
      • Reported - view

      polishrose Let me first say that I'm not saying that it's better to pay for YNAB over debt. However, if you put every little bit of of extra towards debt and nothing towards saving for the future - whether that's a YNAB subscription, or to address the fact that you have growing kids who will inevitably grow out of their shoes and jackets and so forth - it's likely that you will continue to stay in the debt cycle because when the next thing comes up, you'll have to put it on a credit card without cash to back the purchase.

      I know that you have not just a debt issue but an income issue so there isn't likely to be a magic step that will right the ship. Short term, you could email Customer Support and ask if they can extend the trial.

      Like 3
    • jenmas It’s just that  I have one credit card that is at 47% interest rate so I need to get that paid off ASAP. That’s the one that is killing me. 
      I know I can’t afford to throw everything T the debt. It’s not sustainable. But given the choice between buying my kids school shoes and YNAB it’s going to have to be school shoes. There’s just no wiggle room. 😞

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  • Unfortunately, if you can't afford it, you can't afford it. I hope that doesn't come off as rude but I'm just trying to be realistic. You've already said that there's no way to increase your income. The only other choice is to decrease your obligations and that may not be an option either.

    Failing that, you have a couple options. One, figure out how to make YNAB 4 continue to work for you. There is a manual sync method as well. Two, do the YNAB method with paper and pencil. I know it's not nearly as easy but it is doable.

    I am sorry you are in such a tight situation. Your number one goal should be to pay off that 47% interest rate debt. That is horrible! Until you do that, you have no wiggle room for anything else. Best of luck in your situation improving as time moves forward.

    Like 1
      • polishrose
      • polishrose
      • 1 mth ago
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      Superbone yep looks like I’ll be doing the pencil and paper method. Lol. I wouldn’t mind but I have money coming in 13 times a month with varying amounts from £35 to £453 so I get in a bit of a mess trying to work things out. I’m not sure why ynab4 is refusing to work. I’ve tried uninstalling and reinstalling and it just refuses to work. 

      Like 1
    • nolesrule
    • Stealing From the Future fix is an improvement but is incomplete....
    • nolesrule
    • 1 mth ago
    • Reported - view
    Superbone said:
    Your number one goal should be to pay off that 47% interest rate debt.

     Number one goal should be trying to find a way to reduce that rate while paying it down. It's nearly 4 per hundred each month.

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
      • Reported - view

      nolesrule That too. 4 what per 100?

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      • nolesrule
      • Stealing From the Future fix is an improvement but is incomplete....
      • nolesrule
      • 1 mth ago
      • 1
      • Reported - view

      Superbone 4 units of currency interest per month   per 100 units of currency of debt.

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    • nolesrule I can’t reduce it. My credit rating isn’t good enough to take out any new cards. I don’t have enough available on the slightly lower interest rate cards. Paying it off is the only way to deal with it 

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
      • Reported - view

      nolesrule I'm sorry. I'm still not following you. Could you give an example?

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      • Vibrant
      • No more counting dollars, we'll be counting stars
      • vibrant
      • 1 mth ago
      • 3
      • Reported - view

      Superbone A 47.8% interest rate equates to 3.9c in interest per dollar of interest-accruing CC balance per month (0.478 / 12 = .0398), or $3.98 per $100. The math is true across all currencies, so I think Noles was trying to avoid being US-centric in his observation by not specifying a currency. 😉

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    • Vibrant ahhh now it makes sense. I was confused too. 

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
      • Reported - view

      Vibrant Thank you! So we're talking about interest on the interest.

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  • jenmas said:
    Short term, you could email Customer Support and ask if they can extend the trial.

    That is at least worth a shot. Explain your financial situation and maybe they can help you out.

    Like 1
    • Superbone they’ve said I can have 10% off which is still unaffordable for me. The annoying thing is I wasn’t well back in February and I missed an email saying they would close my account. I only just found it now when I wanted to start using YNAB again.  Because it’s been closed I’m no longer eligible for the discount on the original price which would have been $45. I could have managed that I think if I was very careful but more is just not doable. 
      It’s ok. I’ll manage. I’ll just have to keep track of everything manually. 

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      • nolesrule
      • Stealing From the Future fix is an improvement but is incomplete....
      • nolesrule
      • 1 mth ago
      • 1
      • Reported - view

      polishrose I'd push back on the closed account price thing.

      Like 1
    • nolesrule I did try but they didn’t reply to that. 

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    • nolesrule I’ve emailed them again to ask nicely if they could possibly do that but I’m not holding out much hope really. 

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  • I decided to go back and check the interest rate in case I’d written it down wrongly but nope. It’s 47.24%. Cash withdrawals are higher but I’ve never done that thankfully 

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  • What I did in the beginning with my low salary was that I paid the monthly fee. I know it's a bit higher than if you pay the yearly, but it was easier to find those euros from my budget. Then, when I managed to get more money I paid the yearly fee. After that divided the fee with 12 and now I'm setting aside 6€/month for my next yearly fee. 

    It might need cutting few pound from there and another from here, but in the end it might help your finances in the long run. 

    If you feel YNAB is working and it might help you balance your finances then it's worth it. 

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    • Sky Blue Dreamer oh I didn’t realise that was an option! 

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  • I'm waiting (not very hopefully) to see if support would be willing to honour the original price. Someone has very kindly offered to contribute towards the cost if not but I'm a little reluctant to do that as it just seems greedy of me. I'm not very good at accepting help it seems haha.

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  • Just want to say thank you to 2 awesome people who split the cost of a gift sub for me. I don't know if they're happy to be mentioned so I won't put their names but they are seriously amazing people and I hope they both have an amazing day/ week/month/year. I hope once my debt is gone, that I can do the same for someone too :)

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