YNAB Review (2024): The 4 Rules, Pros and Cons

CHAPTERS

00:00 - Intro YNAB Review
01:01 - Who is YNAB?
02:23 - How do you use YNAB?
04:37 - YNAB Review: Best Features
07:40 - YNAB Review: Areas for Improvement
10:28 - Outro YNAB Review


#YNAB #YNABReview #BudgetingTools #FamilyFinance #PersonalFinance

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Each week, Andy Hill interviews personal finance experts, shares the best fintech tools and even discusses his own journey with family financial independence.

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Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of podcast downloads and video views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.

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CREDITS

Research & Writing: Kathryn Hanna, CPA/PFS, CFP®
Thumbnails: Ardi, The Thumbnail Wiz
Channel Management: Nev Maraj

[TheJillCohen]

I am a 68 year old grandma. My son told me about YNAB and I have been a user since 2014. I paid off my house in 2016 ONLY because of YNAB. My four grown sons all use YNAB. I am a YNAB addict. I LOVE YNAB. My husband plans to retire next year and I feel so confident because I know how much we need to live each month and have categories that save in advance for all the once a year bills. If I could, I would teach a class in YNAB to young people. I rarely have any surprise expenses because I always have enough set aside for "emergencies". YNAB only gets better all the time. Thanks YNAB.

[kreestenkreesten]

YNAB helps me deal with inflation. Every month something goes up. A $10 bill increase here and a $7 bill increase there... it may seem not seem like a big deal, but it adds up so quickly. YNAB helps me keep a realistic view on what was going on and recalibrate my budget accordingly.

[funtechu]

I would personally add that the way YNAB handles credit cards is a pro, not a con. It brings the spending in line with your goals, and let's you use a credit card without the risk of ever paying interest. Yes, there may be a bit of a learning curve for someone who is used to treating their credit card available balance as found money, but breaking that habit is a good thing in the long run.

[-sil]

I can't recommend ynab highly enough! You may be right about a couple of those cons, but they are miniscule in relation to the absolute confidence and zero-stress I feel every month and every time I consider spending money on anything. Great review!

[jaclyndougherty]

Absolutely LOVE YNAB! Ive tried so many different budgets and none of them compare to what all YNAB does! Will also be using together for our son in a couple years

[marissajones]

Just signed up to Ynab and I have not seen one bad review. Thanks for the honest opinions.🎉

[aahashmi]

This is a terrible review, it provides no opinion or insight. Did they even use the app?

[oscarmvl]

Great overview, I’ve been using YNAB for 9 years, I’ve tried other apps because people insist on trying their budgeting systems but I never feel as in control of my money as I feel with YNAB. My now wife was hesitant at the beginning, but now can’t imaging managing her money without YNAB.

[Shadownailshot]

Really helpful videos while I decide how to better manage my money aside from this spreadsheet I made. Also: Your voice and inflections sound EXACTLY like Owen Wilson.

[mattshriver]

Great video! I've been a Mint user for years, but have heard it will be shutting down in the coming months. Time to find a new app, but not sure about the learning curve with YNAB and cost.

[sashimster]

I’ve been trying to grasp YNAB for like four hours and I just can’t wrap my head around it. I want a software that helps me calculate my expenses and available funds. Instead I have a more complicated bank statement that does nothing automatically 😰

[dustinabc]

5 seconds in: "there's no wrong way to budget"
There most definitely are wrong ways to budget.
I don't know if I should listen to the rest with such a big error at the beginning... But I'll give it a shot

[P_double_H]

I had YNAB a few years ago and I enjoyed it... I had to cancel it because it was a little work to upload everything after each transaction. I hope they automated a lot more stuff now.. I'll probably join them again.

[BrokeMillionaire]

We are about to try YNAB again. When we do, I’ll use your code.

[waschosen-]

While useful, mastering the YNAB budgeting system takes some time due to its complexity.

[halodisciple]

Does YNAB carry over/under budget spending to the next month? That's one good thing that Mint does, and now that they're shutting down I'm looking for a replacement.

[Pottering]

Great coverage here Andy. Love your work

[cairoplaysgames]

YNAB is expensive. It defeats the purpose of saving money

[KennDewh]

I love your shirt. I want one! I would just add "Jesus".

[smrtzttspanishenglishtutor]

So I came to use YNAB to save money but I have to pay $79. It does not make any sense.