Mint was launched in 2006 with the premise that to see where you stand financially, you need to see everything in one place.įor Mint, linking your bank account is imperative because that’s what they are known for. It can be accessed with any browser, all you need is an internet connection.
#Ynab 4 vs new ynab software
Better yet, my wife LOVES the mobile app and the ability to see how much gas or grocery money she has left before loading up the cart.Mint is a full-featured free personal finance app that does not require any software installation. I now know EXACTLY where my money's going and how much I have left to spend on something. My results over the last month have been VERY encouraging. If you have a system that would benefit from using Mint in tandem with YNAB (like Bobbie's above) then by all means use it, but I've found YNAB to be all I need. I use my bank's mobile app, and feed the transactions into YNAB to track how I'm doing against the budget I set for myself. I've since uninstalled Mint, not because it's inferior, but because I find most of the information it gives me to be largely redundant. As many other people, here and on the website, have said, I personally prefer the hands-on method for budgeting. At first, it's easy to compare the two and write off the lack of certain "automatic" features, but if you really dig into what's in YNAB, the differences become more apparent. (Obviously if you just REALLY absolutely do not have enough to live on, it's not going to perform a miracle.) Hm, that is a fair point, if $60 in the long run saves the stress and headache, that is a overall net gain.Īs a previous user of Mint, and recent new-user of YNAB (thanks for the Steam sale, btw!) I have to say YNAB is a different animal. I saw enough talk from other people about how much it helped, though, that I'm confident it actually does have a lot of value to people who are struggling.
![ynab 4 vs new ynab ynab 4 vs new ynab](https://i.redd.it/ggq2tpxfsyv31.png)
![ynab 4 vs new ynab ynab 4 vs new ynab](https://cdn.biblemoneymatters.com/wp-content/uploads/2012/06/ynab4-review.jpg)
I really can't say it revolutionized my financial situation, because I started out with enough money to get by without being in imminent danger of disaster at every turn. (Obviously if you just REALLY absolutely do not have enough to live on, it's not going to perform a miracle.) People with very little money to spare are exactly the ones who typically don't have the excess mental energy to mess with something like a spreadsheet (especially since the average person doesn't know a whole lot about Excel). The fatigue and general tendency to be overwhelmed that comes from that leads people to make decisions that aren't great. if you just barely have enough money to survive, you have to spend a lot of mental energy on figuring out how you're going to get through the week without running out of food.
![ynab 4 vs new ynab ynab 4 vs new ynab](https://www.cashfortacos.com/wp-content/uploads/2021/02/4-Rules-of-YNAB-1-1-576x1024.png)
The approach they recommend is actually built around only figuring out what to do with the money you currently have in hand, and I've seen a lot of people talk about how excited they were to actually start having a little bit leftover at the end of the month. IMO this seems to be more for people who are well off and just is just curious about their cash flow then true vital must budget or starve.Īctually, from participating in the YNAB forums a little and looking at their classes, the strongest part of their fan base seems to be people who are just barely scraping by from one paycheck to the next. Checkbook is where I stop :P I really don't mean to bash on this software as I have never tried it yet, but from what I've read, mint does exactly what I need, is free, and everyone has excel if you really need to keep track of it. Originally posted by Chairman Wang:I take it that this means this software does not automate anything? I make far to many individual purchases to be able to sit down and record everything.