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YNAB is pretty great. I allow it sync transactions from my bank accounts, but its budgeting system works fine if you're willing to enter transactions in manuall
by cschneid 8y ago
YNAB is pretty great. I allow it sync transactions from my bank accounts, but its budgeting system works fine if you're willing to enter transactions in manually.
It is a refined form of envelope budgeting, and allowed me to go from an engineer that made a lot of money, but spent willy-nilly to an engineer that knows what's up, and with a rising net worth.
I like that it encourages you to look at the money you actually have and allocate it to what it needs to do ("Rent", "Savings for christmas gifts", "Car replacement", "Efund"...), as opposed to forward looking budgets that are just guesses about what you want to spend going forward.
- Jacqued 8y agoSecond this. I've been using YNAB for two years now and pay the yearly subscription. I'm from Europe so I can't connect it to my bank accounts, so I enter every single thing by hand, and it works fine for me so far. I've grown to like budgeting and generally managing finances which is pretty helpful now that I work as a freelancer through my corporation.
- aguynamedben 8y ago+1, I use the syncing but originally YNAB didn't have that feature and you entered things by hand. Either works.
- ChristianGeek 8y agoI personally think entering transactions by hand is better, because it makes your spending habits more visceral.