YNAB Price Change 2021
You’ll see an in-app message today with more information on the upcoming pricing change that will impact your next renewal. We know—especially for a YNABer—that every dollar counts, and we don’t take price changes lightly.
Questions or feedback about the change can be shared below. Please check out our FAQs for more details, or questions that may have already been addressed.
If you have questions about your account, you can reach out to our Support team from the app on web or mobile.
We hope and trust you’ll continue seeing the value of a YNAB subscription.
- New topics or comments in other areas of the Support Forum will be directed to this thread.
- We understand the impact that price changes can have. Please keep our Community Guidelines in mind.
I wish YNAB had never gone down the subscription path. This announcement of a huge price increase has rocked my world. Back in 2008, when I bought my first YNAB spreadsheet, I paid my money once and it was mine to keep. Same again when I bought the second version, and then the third version, and then the fourth version. I bought all the versions. I still have them all, with their licence keys, and they are still mine to keep. There's something very honest about buying a product over-the-counter like that. And then, like a lot of people, I was persuaded to buy in to the subscription model. I was convinced by the hype that YNAB would just get better and better, but I don't think it has. It's gotten a lot busier. Busier does not mean better, or smarter, or simpler. Busier is its own beast. Now I have learned that Jesse is no longer running the company. (That saddens me a lot.) Also, YNAB suddenly costs more money than it's worth to me. The value, for me, is no longer there. I can't justify that expense. Subscription is not my friend. I won't renew. I will go back to the version I loved best, and that's YNAB4, which I paid for once over-the-counter and it still does everything I need. I was too trusting when I said yes to subscription. Loyalty brought me over to the subscription era. That, and the enticement that the price would stay the same as a kind of thank you for taking the big leap. But the price has not stayed the same, has it? Today I learned of the price hike. Jesse, where are you? Anyway, thank you YNAB for many years of wonderful budgeting help. And thank you that YNAB4 is still working. (And, oh boy, I am so glad I put the licence key in a safe place.) Please, if you ever decide to go back to one payment for life (the way it was) and no more subscription-based product, I will happily sing your praises, like I have done for years and years. Right now, clearly, I am upset. I can't and I won't recommend YNAB to my family and friends anymore, because that's how upset I am. It's just a sad day for all of us.
Habanero Salsa said:
My YNAB category is already renamed Budgeting.
I finally renamed my Tithing category. I kept it in since it was the default from the beginning for posterity, but now it's called Church, much more accurately. We know who really needs that 10% so they can keep it.
Ive already cancelled my YNAB subscription (runs out in April so Ive got time) Im running buckets and actual right now alongside YNAB just to keep it all straight and so far Both actual and buckets work well to keep things straight and after entering everything - fresh start on the new ones just entered current balances and category balances (set all categories the same, in the same order on all three apps) - balances of the date I started two weeks ago.
If you have any interest here's a few quick thoughts, trying to keep it short.....
Ynab - good app easiest to use BUT way overpriced now --- the other two do the job very well I dont use the import because it does not work, likely due to my banks security features but doesnt really matter it just isn't reliable so I enter everything manually anyway. Like I said, already cancelled.
Actual is my favorite so far mostly due to simplicity CC took a minute to figure out but simple once you get it - look at forums there are tutorials that make it very easy to get going GitHub has one of the better ones. easy to enter, easy to budget numbers are identical to YNAB once you get it all set up. entry is simple intuitive and looks very familiar. It also has a good basic mobile app that syncs quickly with no third party logins just a one time "enter this code" from an email they send you, all I need to do on mobile app is enter transactions and see budget balances, just basics. I like actual because it is simple, you can rearrange categories and account order as you please, the price is fair and the app is updated frequently the dev. will reply to you if you email, this is a very active community for questions (many YNAB refugees) he also has a forum he monitors to report bugs, concerns, feature discussion etc - this is my favorite and I will subscribe in two weeks when my trial ends. He has also released a ynab import tool if you want to do that and others have said it will open YNAb export files but I havent tried that I just exported the files for my records but starting with a new app seems like a great time to do a complete fresh start. The one thing it does not have that I wish it had is goals - to keep track of my upcoming large expenses (coming per dev.) no timeline on that yet but I can do it on paper for awhile
this is my favorite so far and the one I plan to use.
buckets is free trial- unlimited fully functional, works well but: you cant arrange account order, you can move categories etc but not account order, there is no mobile app to enter transactions on the fly (coming soon per dev.) - thats the biggest issue for me and for some reason there is no payee field only a memo field so thats a problem as well when trying to match up transactions and dates etc and using it is a little less intuitive as far as fixing mistakes etc you can do it but its just a little harder - it is a good app other than that and a one time purchase (dev. promises a very cheap upgrade to next version but no specifics or timeline for that) he has released a couple of updates so far and it seems to be a growing app. Buckets does work well, its just a little rougher and generally less polished?? if thats the right word. I do like it but I like actual a little better. I will probably buy it and keep it updated to see how it grows, I like its methods and at $49, its reasonable. and It has a basic goals feature which is easy to use and does the job well. I just wish it had a basic mobile app, I could rearrange my account order, a payee field would be great as well.
I will probably keep updating all three until the end of the year before making a final decision on which one to use (between buckets and actual) to replace ynab going forward. both of those are great alternatives. YNAB just seems intent on adding fluff to justify the ever increasing price- it has literally doubled in the last 5 years- crazy.
I'm not even mad anymore. If they hadn't done this, I'd have never went looking. Now I'm happier with my budgeting software than I've been in years.
I sort of feel the same way, I was angry at first for doubling my price but that forced me to go back to YNAB 4 and I am so glad I did, I had forgotten how simple and straight forward it was. I actually like YNAB 4 better than nYNAB and would be willing to pay 45/yr if they would just keep it updated in the future. However if it does break I will certainly check out Actual since it is like YNAB 4. I just hope the developer of Actual does not ruin it by adding so many features that most people do not need. I am a big proponent of keeping things simple.
I no longer have any hard feelings against YNAB either because of the price increase. Their methodology and software have helped me a lot over the years. I just simply do not think nYNAB is worth 90/yr when I do not use or even like most of the features (direct import, credit card handling, the new debt functionality- never even looked at it). I used nYNAB in a method similar to YNAB 4 anyway with work arounds such as credit cards as checking accounts, no direct import- agree with Jesse who taught we need a hands on approach, I also used the income for next month work around buffer.
Anyway I do wish YNAB great success going forward and I also wish everyone that lands somewhere else great success. Envelope budgeting is the way to go (regardless of which app you use or even if you just use pencil and paper), the envelop method should be taught in schools so future generations will be successful.
I am with you Blue Koala (9a03380df751) , Keetman , and pgauntlett . I've ended up going back to my paid for YNAB 4. Turns out I like the interface even better than nYNAB. I've got it all working on my latest Mac and iPhone and everything migrated from nYNAB. I thought direct import was a must for me but it really isn't. Most of my transactions get added by scheduled transactions as it is. File import is simple and easy. The Net Worth report is SO much nicer than what they did to it in nYNAB. Can you say ugly? Thank god for the Toolkit developers. I look at is this way, YNAB has just saved me $450 over the next 10 years.
Thank you for all the research! There's a good chance I'll subscribe to Actual after they add direct import. It's a nicety that I'm willing to pay for but certainly not a deal breaker.
I've ended up deciding to just use Quicken. I had a Quicken subscription that I bought and then didn't use. It renews in a month so I've been converting my 2020 and 2021 data to Quicken. The annual cost of Quicken is now far, far less than YNAB and it offers more features YNAB doesn't have.
Yes, yes, I know Quicken doesn't really do zero based budgeting although you can look at cash flow. But, honestly, I don't need zero based budgeting at this point (retired). So that is not a deal breaker to me.
Unlike many I don't do direct import. I've never done it on YNAB and won't continue doing it on Quicken most likely (I did do it to help with initial set up).
The one think I truly miss from YNAB is that Quicken is not fully cloud based. The program interface (desktop) is not as nice looking as YNAB4 or nYNAB so I miss that. The web version is nicer but is more limited.
I did go get my old copy of YNAB4 and I will import data to it so I have an easier way to look at versus looking at the exported data in a spreadsheet.
In YNAB 4 also miss goals (although I didn’t until I had them!) and most importantly the Move Tool (between categories).
There's an add-on to add goals to YNAB4.
I like the zero based / envelope system have you considered buckets (not bad but feels unfinished no mobile app either) or actual budget? -- thats the one Ive settled on it looks a lot like ynab 4 and is pretty intuitive to use so far running parallel with my Ynab until sub. ends in march. banktivity was a close second but Im just not smart enough to figure that all out! (Mac only)
I am no happier about the price hike as anyone; but I will also say that perhaps some of that cost goes to paying for a very good employee base. I wish there were more features, I wish it was cheaper. But the support I have received as recently as this week makes me thankful that they've hired good people. I have never had support this good and attentive with any service, anytime.
I will stay with YNAB and pay the higher prices. I always reserve the right to change my mind; but I awfully impressed with the great team at YNAB and think it's worth a few extra dollars.
I have used YNAB since the spreadsheet, gifted a subscription to my children, and have recommended to friends and family. Oh, and I am a developer/founder of a fledging software company.
I have looked at some alternatives mentioned in this thread and one thing that stood out to me was Banktivity's comments about their version 8. Their users have echoed some of the same concerns I have seen over the years with YNAB. This led me to look at features and for comments about other YNAB contenders and I have drawn a few conclusions.
- The price increase and its announcement makes little sense.
- At the rate competitors are entering the market, YNAB is going to need to lean on its reputation to stand out. Cashflow, zero-based, and envelope budgeting seem to be the trend that connects best to users.
- Feature-wise YNAB is playing catchup to newer and fresher offerings (more complete loan management, debt planning, etc.)
- Getting transactions from financial institutions is becoming harder for developers to do, unless you are Intuit/Quicken.
- I have given up on the team at YNAB on fixing this issue after going from their primary, to backup , to primary, and back to the backup. Not very impressing.
- Tiered pricing makes no sense.
- It is possible there is an exit being planned. I sure hope not, but it's possible.
- Not having a mobile application is not a strategy for a finance app, and if you do, you must have parity.
- The subscription model makes sense when you have a mobile and web/desktop architecture. Servers aren't free.
For now, we are going to stick around because YNAB has helped my wife and I get more in sync with our finances, that's it. There was a period I used GnuCash, but the mobile app would not be something my wife would want to use. I can do everything else in GnuCash, but being able to both understand where we are financially has helped us. I have toyed around with the idea of building a mobile app and building a zero-based budgeting plugin for GnuCash, but time is an issue. So, I guess I am paying for convenience.
One more thing. If I were pricing YNAB, it would be between $70-$80 annually. We pay $100~ for O365 and that is legit four applications and in one of them I could duplicate the functionality of YNAB (I have used YNAB since the spreadsheet).
- The price increase and its announcement makes little sense.
Had YNAB for years now and yeah it was a decent tool to help me get organized on somethings. but unless you released full access to every account you have for some automation it was very tedious.. which is totally understood that i chose that sacrifice to NOT have yet another source of identity fraud etc.
The bump, with NO NOTICE except a buried email, HECK OFF.. this should have been announced WAY in advance, been mentioned on the LAST BILL we got, and a PUSH NOTIFICATION.
I dont need to meticulously budget like this ... nothing i cant do in a spreadsheet for $15/mo less.
YNAB price hike to $15/mo is nuts considering i can get many other content dense things for way less. not like you guys are storing massive data! its a spread sheet and a fancy interface when you get down to it.. so yeah, cancelling this ****, absolutely not worth it.
perhaps you should have considered a grandfathered option or minor price differences based on account length/history.
I received ZERO notification that you were going to TRIPLE my monthly cost (double the yearly). I've been using you for YEARS and YNAB has become part of my daily life. You can't just change my costs without telling me (and I looked through all of my notifications from YNAB). Even so, a tripping of the cost? Seriously? Nope.
Now, I'm going to have to invest a bunch of time to set something similar up with another product and the routine I've had for years that has worked beautifully for me is going to have to change. I'm not pleased, not pleased at all. I will be leaving.
I started using YNAB4 again a couple of weeks ago and it seems like it's enough for my needs....will run it against nYNAB for a month or so and then, like they say on "gas station encounters"...SHE GONE!!!😂😂😂
Good news is that the money i had budgeted for YNAB sub will be used elsewhere....Sayonara!
I have been with Ynab since the subscription model started. I would have been willing to pay more, just not double. Seriously with all the loyalty users quitting they will probably have to raise the price again! I have already switched to another budgeting app and I am happy with them. For those who are also jumping ship make sure to leave a review for the Ynab app in your app store. Such a pity!
actual budget for me -- -BUT just found out that buckets is finally adding a mobile app (in beta now) --- both have their issues but both do what I need them to --- keep my money straight! many alternatives to coughing by ynab............ this thread is pretty much dead so looks like everyone has made their choices -- good luck and happy new year
Closed my account for good, now that 2021 is closed.
"Don't worry—you'll be automatically refunded for any unused time. Your refund will show up on the card that was originally charged, though it might take up to 10 business days. Part of our Don't Pay for Stuff You Won't Use policy."
If they stick to that policy and introduce a subscription without Direct Import, I MIGHT reconsider ;-)
All the best for 2022!