Thinking of getting ynab

Hi all. I had ynab years ago when it was a free desktop thing and it really helped me stay on track with my goals. I’ve been using the free version of EveryDollar lately, but it doesn’t make it as easy to track changes throughout the month, and the visuals with the free version aren’t great, so I’m thinking of signing up for ynab again since if I’m going to pay for a budgeting tool, I want to like it as much as possible. 

 

My question is this... Since I prefer not to link my accounts to ynab (I’m not tech savvy and don’t do auto bill pay or anything like that), is it still worth the 8$ a month? Has it changed much from the old ynab? I liked the sinking fund feature and the graphs and how I could adjust the amounts in each category throughout the month, and from what I recall, it worked well with a changing monthly income, which is something EveryDollar doesn’t do so well. 

 

I appreciate any input before I make a decision. Thanks!

Happygirl

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  • I am new to YNAB but absolutely love it!  Much better than Every Dollar for me!

    I don't link my accounts and the manual entry isn't too difficult - especially with recurring transactions.

    I do like the ability to reconcile accounts, which of course every dollar doesn't have.  And I do feel like YNAB offers me much more detail and flexibility than ED did.

    You should be able to do a free trial, I think?  Try it out and see if it works for you before having to commit to the subscription.

    Like 1
  • Does anyone know if ynab will be on sale anytime soon? The last time I thought about getting it, it was 5$ a month, now it’s 8.

    Like
      • Tobias
      • Toviathan
      • 3 wk ago
      • Reported - view

      Happygirl To my knowledge they don't do sales. I haven't seen one anyway. Especially since they added the option to pay monthly I wouldn't expect them to do one.

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      • Cyan Yeti
      • Cyan_Yeti.6
      • 3 wk ago
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      Happygirl I thought I read somewhere in all the learning i've been doing that they maybe have a sale around Thanksgiving to Christmas.  Maybe that is OLD info?

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      • Happygirl
      • Happygirl
      • 3 wk ago
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      Cyan Yeti I think you may be right, but I should probably get started sooner, so I guess I’ll take the plunge. EveryDollar is adequate, but I think ynab might suit me better. 

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      • JoeDid
      • Remember: It is To Laugh
      • Purple_rain
      • 3 wk ago
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      Cyan Yeti They haven't offered sales for the last few years. They have monthly payments for those who don't want to pay up front for a year at a time.

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      • Happygirl
      • Happygirl
      • 3 wk ago
      • 1
      • Reported - view

      JoeDid personally, I prefer paying yearly whenever possible. I’m lazy that way. Seriously though, that’s one of the reasons budgeting is so important to me. Just by coincidence, many of my yearly bills are due in early December, right when I’m buying holiday gifts. I know it’s coming, so I’m ready. 

      Like 1
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 3 wk ago
      • Reported - view

      Happygirl There have been no sales since nYNAB came out in 2016. It has only gotten more expensive for those who didn't lock in a subscription.

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      • JoeDid
      • Remember: It is To Laugh
      • Purple_rain
      • 3 wk ago
      • 1
      • Reported - view

      Happygirl That's good thinking on your part. Yeah, December can be a hard time. It turns out, my YNAB subscription renews yearly in December, but socking away the yearly fee divided by 12 every month is painless, as is the payout when the renewal is due.

      Like 1
      • PhysicsGal
      • Nerdy female homo sapien
      • physicsgal
      • 3 wk ago
      • Reported - view

      Happygirl If you owned YNAB3 or YNAB4 you are entitled to a discount on your YNAB subscription.   You can look up your order number here.  You can also just download and use the older version, but I think the newer nYNAB is much easier to use on the go, with the easy synching between the app online and my phone.

       

      https://www.youneedabudget.com/ynab-classic-help/

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  • You definitely don't have to link your accounts.  In fact it's recommended that you do all transaction entry manually, and if you do have accounts linked, to only use that as backup.  But you can easily reconcile with your bank, and at that time, you'll notice if you have missed any transactions.  So the more often you reconcile the better, just to make sure everything is as up to date as possible.

    As far as a sale, I doubt you'll see one.  But to me, it's definitely worth the money.  I'm paying an annual fee instead of monthly.  I think it must be a little cheaper that way, because dividing it out by 12 months, it comes to around $6.99 on a monthly basis.

    Like 1
      • Happygirl
      • Happygirl
      • 3 wk ago
      • Reported - view

      Bruce , oops, you’re right, 7$ a month.

      When I sign up for the trial, do I  have to give my credit card info or can I wait until the trial is coming to an end?

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      • BNL
      • Blue_Display.6
      • 3 wk ago
      • 1
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      Happygirl  I don’t believe you need to give your CC info until the end of the trial 

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      • Happygirl
      • Happygirl
      • 3 wk ago
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       BNL I guess I’ll give it a try and find out. :)

      Like 3
    • Happygirl Payment information isn't required to start a trial. You're good there! Our YNAB Video Course is a great resource as you get started. Let us know if you have questions along the way!

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  • Joe’s comment made me think of something else though. When I get the app (probably later today), can I load my categories so they show the amounts I’ve already set aside for sinking (yearly) funds?

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 3 wk ago
      • 1
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      Happygirl Yes, of course. One of the first things you'll do is categorize all your existing funds.

      Like 1
  • Stop thinking and do it! Seriously, it's the best thing you can do for your finances. I'm speaking from 10+ years of experience. Plus, you'll get a free 34 day trial before you have to pay anything. Just know you have to pay yearly to get the best price.

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  • I think it is worth it.  Don't have anything to add to what others have said but what version was free?

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      • Happygirl
      • Happygirl
      • 3 wk ago
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      Herman it wasn’t free, but it was a one time flat fee. That was before it went online. 2015 maybe?

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      • Herman
      • herman
      • 3 wk ago
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      Happygirl oh yeah, all the versions before this were a one time fee for the desktop app.  I started with ynab 4, many others on here go back further than that.  I just thought I really missed out when you said free!

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 3 wk ago
      • 1
      • Reported - view

      Herman The only time it was ever free was for students.

      Like 1
  • I signed up for the trial yesterday. I’ll admit, I nearly gave up when I was trying to figure out how to input my current info. I finally realized it was easiest on my laptop. It looks different on my iPad and phone, and it’s not as user friendly. 

     

    I found some videos explaining the philosophy of ynab, but I’d like to see a bit more on just the specifics of setting up the program so it can work for me. Can anyone point me in the right direction? 

    Like
      • Happygirl
      • Happygirl
      • 3 wk ago
      • 1
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      dakinemaui thanks. I got so stressed with setting everything up that I never got to the part about how to input goals! That’s what I needed.

      Like 1
    • Happygirl the budget is your spending plan. Having a plan for making that plan does reduce the stress considerably! 😎 Cheers!

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 3 wk ago
      • Reported - view

      Happygirl The iPad and iPhone apps are not full featured. Think of the web app as the "main" app and the iPad and iPhone apps as companion apps. However, they are getting closer and closer. The main thing you can't do on the companion apps is reconciling of accounts.

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  • BNL said:
    I do like the ability to reconcile accounts, which of course every dollar doesn't have.  And I do feel like YNAB offers me much more detail and flexibility than ED did.

     That's to me the most powerful aspect of YNAB compared to ED, that your account balances and your budget balances are linked.  I used ED for awhile but my totals on my sinking funds somehow got off from my totals of my accounts, which just wouldn't happen in YNAB because of how it works.  You could probably fake this with budgeting by accounts (or buckets in an Ally savings account) and reconcile each of those each month, but that sounds like a pain in the A$$ to me. I would rather just pay for YNAB, although I do miss the days when when we could just pay for software once and keep using it until we chose to upgrade, rather than forcing everyone to pay for an upgrade every month or year with a subscription.  But it's ubiquitous in the software industry now, so I don't blame YNAB for that.

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