July 23, 2024
YNAB Overview 2024
YNAB Overview 2024

Understanding your cash and spending habits could make it easier to make a price range to attain your monetary targets, whether or not you’d like to avoid wasting for a trip, make investments extra for retirement, or purchase a home. Many budgeting apps will help you get a greater deal with in your cash in an effort to put it aside. Nonetheless, few present the excellent perception of YNAB, which is an acronym for “you want a price range.” If you happen to’re contemplating signing up for a YNAB account, right here’s what to find out about this app, who it’s finest for, its advantages and options, and extra. 

YNAB Cash Administration Instrument


$99 a 12 months or $14.99 a month and free for the primary 34 days


Follows zero-based budgeting and is exceptionally particular in detailing the place your cash goes

TIME’s take

YNAB is a hands-on budgeting app that requires you to proactively handle your cash. At as much as $14.99 per 30 days, it’s costlier than sure competitor apps, but it surely’s additionally uncommon in that it forces you to allocate each greenback of your earnings. YNAB can present complete perception into your saving and spending habits, however it is advisable to be dedicated to utilizing it to maximise its effectiveness. 

Who’s YNAB finest for? 

YNAB is finest for these significantly dedicated to creating and sustaining a price range. The app requires you to be fingers on with allocating your cash, so customers should be keen to commit their time to reap its advantages. These searching for a easy budgeting app that doesn’t require a lot up-front or ongoing effort ought to look elsewhere. 

Execs and cons


  • Lengthy free trial
  • Proactive budgeting instrument
  • Simple spending monitoring
  • A number of customers supported


  • Comparatively excessive price
  • Important time dedication
  • No invoice funds
  • No straightforward approach to observe investments


Lengthy free trial

YNAB gives a protracted free trial interval, offering you loads of time to find out if it’s the fitting budgeting app to your state of affairs. You should use the app at no cost for 34 days. 

Proactive budgeting instrument

You create a price range with cash you have already got utilizing YNAB, assigning each greenback for a selected goal. This proactive budgeting system will help you keep on observe together with your spending and keep away from unintentionally overspending in a specific class.  

Simple spend monitoring

YNAB gives a number of primary and customised budgeting classes you need to use to allocate your spending. It then permits you to clearly see how a lot you’ve spent in a specific class and recategorize simply for those who go over your spending restrict for a sure class in a given month. 

A number of customers supported

YNAB permits you to add as much as six customers to at least one account, which will be useful for those who’re eager about budgeting as a household or managing hire and utility funds with a roommate. 

What will be improved

Comparatively excessive price

YNAB comes with a reasonably hefty price ticket in contrast with different extra primary budgeting apps. You pay as much as $14.99 per 30 days or $99 per 12 months (which involves $8.25 per 30 days), relying on the billing construction you select. 

Important time dedication

Whereas YNAB may assist you save extra if used properly, it is advisable to decide to establishing your price range and following it. This isn’t a set-it-and-forget-it app; it requires a reasonably vital time dedication to make sure that you’re allocating your spending and sticking to your price range. 

No invoice funds

You possibly can add your month-to-month invoice quantities to the app as a part of your price range, however you’ll be able to’t pay your payments immediately by YNAB. This could possibly be pretty inconvenient for somebody who’s searching for an app with a devoted bill-payment function.

No straightforward approach to observe investments

Likewise, you’ll be able to add the quantity of standard investments to your price range in YNAB, however there’s no straightforward approach to observe funding efficiency. The app doesn’t sync with funding accounts, but it surely does allow you to manually enter your balances for those who select. Alas, the method isn’t significantly intuitive. 

How does YNAB examine

401(ok), IRAs, Cash administration account

Fundamental & premium cash administration account

$14.99 per 30 days (when billed month-to-month); $8.25 per 30 days (when billed yearly)

No account charges, however different charges could apply

None for primary account; $4 to $12 for premium account

$14.99 per 30 days (when billed month-to-month); $8.33 per 30 days (when billed yearly)

iOS, Android, and on-line dashboard

iOS, Android, and on-line dashboard

iOS, Android, and on-line dashboard

iOS, Android, and on-line dashboard

YNAB: In-depth evaluation

The YNAB system follows 4 primary guidelines: 

  1. Give each greenback a job. You assign every greenback you earn to a selected spending class for the following month. 
  2. Embrace your true bills. Plan for sudden prices by saving a little bit extra cash every month. 
  3. Roll with the punches. If you happen to overspend in a specific class throughout a given month, merely reallocate funds from one other class reasonably than feeling responsible about it. 
  4. Age your cash. Be conscious about your spending, spend lower than you earn persistently, and improve the time between incomes and spending cash. 

Moreover the 4 guidelines, right here’s an in-depth take a look at what the app has to supply.  


YNAB is out there on a number of totally different platforms, and your info updates robotically throughout all platforms while you make adjustments in your account. You possibly can entry your YNAB account by the next gadgets:

  • iPhone.
  • Android.
  • iPad.
  • Apple Watch.
  • Alexa.
  • Desktop and laptop computer.  

Budgeting instrument choices

You possibly can arrange budgeting classes in YNAB, and the classes are absolutely customizable to align together with your particular monetary state of affairs. When you’ve arrange some budgeting classes, YNAB permits you to both robotically hyperlink financial institution and bank card accounts or manually add money bills, common month-to-month payments, and extra. It’ll pull details about your spending in these classes out of your accounts, making it easy to trace the place your cash goes every month.  


YNAB isn’t free, however it might assist you save extra money if used correctly. Thus, the app could also be price the price for a lot of customers. In contrast to some rivals which have tiered account choices, there’s just one account sort in YNAB. You pay $14.99 per 30 days (when billed month-to-month) or $8.25 per 30 days (when billed yearly, for a complete of $99.00).


YNAB gives a wealth of academic content material on its web site, together with a weblog, free workshops, and guides to YNAB and cash administration. There’s additionally a complete assist middle out there on the web site and thru the app, so you may get steering for those who get caught. 

Customer support

If you happen to can’t discover a solution to your query in its assist middle, you’ll be able to join with YNAB’s customer support workforce by way of chat or e-mail. Its chat function is out there by the YNAB app.   

Social options

You possibly can add as much as six customers to your YNAB account, which is useful for household and family budgeting. YNAB additionally gives a referral program, which helps you to get a month free every time a pal indicators up utilizing your referral hyperlink. It’s also possible to reward a subscription. 

Safety and reliability 

YNAB has a number of safety features to assist preserve your account info secure. It employs two-factor authentication and encryption expertise and depends on extremely safe, accredited information facilities to guard person information.

Firm repute

‌YNAB is rated extremely throughout a number of platforms. It receives 4.6 stars out of 5 on Trustpilot, with customers indicating the app is “life-changing” and “invaluable.” Google Play opinions share comparable sentiments, ranking the app 4.6 and 4.8 stars, respectively.

Different providers provided

Moreover monitoring your spending, YNAB permits you to set cash targets and observe your progress towards them. It’s also possible to use it to separate transactions, visualize totally different loan-repayment eventualities, and extra. 

How does YNAB generate profits?

YNAB is a subscription-based service that makes cash when a brand new person indicators up for a subscription. Its month-to-month subscription prices $14.99, whereas an annual subscription prices $99.00. Choosing an annual subscription saves you round $80 per 12 months.   

Backside line

If you happen to’re searching for a hands-on budgeting app that can assist you wrangle your cash and work towards your monetary targets, YNAB is an effective choice. The app is primarily targeted on the budgeting portion of cash administration, so that you gained’t get options akin to funding monitoring or direct invoice pay. Regardless of this, lots of the app’s devoted customers report vital financial savings, some calling it “life-changing” and “invaluable.” These on the fence about YNAB can strive it at no cost for 34 days. 

YNAB Cash Administration Instrument


$99 a 12 months or $14.99 a month and free for the primary 34 days


Follows zero-based budgeting and is exceptionally particular in detailing the place your cash goes

Regularly requested questions (FAQs)

Is it price paying for YNAB?

YNAB could also be price what you pay for it relying in your state of affairs. Because the app requires some up-front and ongoing work in your half, it seemingly solely is sensible for those who’re in a position to decide to utilizing it. This app isn’t a match for these searching for a extra hands-off budgeting instrument.

Can YNAB be trusted?

YNAB employs a number of safety measures to assist preserve its customers’ information secure, together with encryption expertise and two-factor authentication. It additionally receives very excessive rankings general from its person base, indicating that it’s usually reliable. 

Is there a free different to YNAB?

A number of free budgeting apps can be found, although they perform barely in a different way than YNAB. Some no-cost choices embody GoodBudget, EveryDollar, SoFi Insights, and Cash Supervisor Expense and Funds. An alternative choice that isn’t free however is inexpensive than YNAB is Quicken by Simplifi.