After watching Millenial Money, I noticed some of their audience heavily praises YNAB. hide. The budgeting tool is so user unfriendly :(( And the categorizing takes forever, I almost always have to do it manually since Mint doesn’t often categorize it correctly. share . YNAB vs. Other Budgeting Apps . Mint is a free app that also offers you access to your credit score. Conclusion. If anyone's interested in learning it happy to help. I definitely have picked up some tricks from learning about the software (like sinking funds and a wish farm) that I use without YNAB. What do you mean by this? YNAB is built on getting one month ahead with your finances. There are other great options like Personal Capital , using your own custom spreadsheet or good old fashioned pen and paper – but Mint vs YNAB is one of the biggest rivalries in budgeting. YNAB Summary. You can think of YNAB as a personal finance app that specializes in budgeting whereas Mint has a broader suite of tools that include budgeting, bill payments, tax reporting, and investment tracking. YNAB gives me the ability to look at what I want to spend ahead of time, as well as budgeting what I have available prior to my next pay. mint vs ynab Two of the biggest budgeting apps out there are Mint by Intuit (the creators of Quicken) and YNAB , short for “You Need a Budget”. Mint Bills & Money Built By the Slant team. Ynab and mint aren't even in the same category. Mint does have the benefit of being integrated with every single bank account and company … Personal Capital’s top features Retirement Planner. I’ve never been so in control of my budget and actually stuck with it. report. I’m not sure. I appreciate your comment! Money expert Clark Howard is a fan of Mint.com and says it’s great for automatically tracking your expenses. So, let's look at Mint vs. YNAB and see if we can determine which will be the better fit for your finances. In July, I decided to take a break from old-school budgeting (via an Excel spreadsheet) and join the 21st Century. 4.7 star rating. A lot of people are mentioning forward planning vs backward tracking, but that wasn't what bothered me. YNAB is here to help anyone get started with … The amount of people that went from huge debt to debt free and months ahead is massive. What are the main differences you see? A lot of folks (including myself) had budgets in Mint, but never really used it to actively manage our daily spending and prioritization. Going to give the YNAB free trial a shot. Forward planning. I had a really hard time wrapping my brain around YNAB even after trying it and using multiple videos. I thought it was insane that people would pay for a program to help them budget... until I tried it. In my personal experience — I used mint for 12 years and it’s so PASSIVE. Updated July 29, 2020. Sort by. There is something about paying to save money that always makes me skeptical. YNAB forces you to make decisions. It has a cult following for a reason. I’ve used Mint and Every Dollar and they didn’t work for me. Also, they do offer FAQ pages and Help Docs, as well as a community forum, that will help to answer the most basic questions. This point combined with 2 is the main reason it's such a pain. 100% Upvoted. https://www.youtube.com/watch?v=uyZHS63f6HY. I’m saving an insane amount of money toward multiple long-term goals, putting aside money monthly toward periodic expenses ranging from biannual bills to Christmas and birthday gifts... It’s so much more than I would have expected it to be. What makes YNAB worth the price for you? YNAB and Mint are both known for their ability to help users with budgeting, but they have two different ways of doing that. It's much easier to enter a transaction manually. Mint Basics. I’m currently on Mint (free service). Mint vs YNAB. This category is where Mint and YNAB begin to differentiate themselves. But I was very reluctant to pay for a budgeting app; seemed counterintuitive. To compare YNAB vs. Mint effectively, you have to break them down by category. I’ve been customizing and exploring Simplifi for a few weeks now and here are my thoughts. save. Press question mark to learn the rest of the keyboard shortcuts. A discussion subreddit for popular budgeting software You Need A Budget. I agree with you! It is freaking amazing. Mint vs Simplifi. no comments yet. I personally like mint as an overall financial tracking tool. Then get the Pivot tables set up. You and to overspend? While this is a manual process and somewhat confusing at first once you get it it will change your life. Press J to jump to the feed. YNAB vs. Quicken: Customer Service. That’s the whole point. Sooo much YNAB. Mint vs. YNAB – Which Budgeting App Is Better? Feel free to post any news, questions, budget strategies, tips & tricks and advice related to YNAB. Imports are also easier. Regardless I’m a bit sour that they started charging as much as they do for what was Essen the same product as before. YNAB, all the way. This is why you’ve never heard anyone say that Mint changed their lives. If you decide to go that route, there are some great tutorials to … They recently switched from Mint to YNAB and can’t help but wonder how much further along they would be financially if they had only found YNAB sooner. For those looking for a simple quick-start tool to help them get a handle on their money and make better budgeting decisions, YNAB is likely to be the better choice. I admit it was a pretty big mind shift to get my head wrapped around the system. Mint vs YNAB: Which One Is Better? It's not fluff. Ynab only lets you budget what you have and forces you to prioritize it in real time. while not as native as YNAB 4, it’s the same concept. Everyone justifies the cost because it's gotten them out of massive debt but I just see it as an expense. My wife finds it nice for being able to see at a glance all of our accounts, since we have a number of investment accounts in particular that she’s paranoid she will forget somehow. Will bookmark this YouTube channel and use it as a reference. Advertising Disclosure This article/post contains references to products or services from one or more of our advertisers or partners. in YNAB, i handle it by creating a category called “budget next month.” all my current month’s income goes into that category. It has a cult following for a reason. Mint is simply a tracker. Both Mint and YNAB were designed to help you create a budget and analyze your spending patterns so you can make the modifications necessary to reach your financial goals. ETA: Used Mint for a decade without any improvement. So when comparing YNAB vs Mint, which one wins? I used to think I was bad with manual entry, or checking my budget. I appreciate it! Ynab. YNAB is much better at budgeting. YNAB Vs Mint: Overall Comparison. But there's just something about keeping a budget in excel that always does the trick. Unless they added a bunch of stuff. I seriously can't say enough good things about it. I’ll most likely keep both, for the same reasons you listed above. Update Officially started YNAB today. I’ve been using it since 2011 and I don’t have the same anxiety about money anymore. It is more safe and secure budgeting application. I used to pretty much break even; now I have maxed out retirement contributions and am saving aggressively for 3 separate long term goals (combined over 5 figures in 6-7 months.). Me too. Definitely a bit overwhelming with all the options/layout. And it can be argued thatYNAB shines here because helping you budget is its stated mission and gets greater emphasis. When it comes to YNAB vs. Mint, here's our 4 reasons why YNAB is the clear winner. Sold on starting with YNAB, and transitioning out of using Mint for budgeting. I've gotten three people to try it. Quicken vs. YNAB: Whom Are They Better For? When my wife says, hey I want to spend an extra $1000 on this next vacation, I can just say, “show me what categories it’s coming from.”. Log in or sign up to leave a comment Log In Sign Up. I’m not alone on that either. I like excel because i can look around my budgeting sheet at work and it looks like I'm being productive, New comments cannot be posted and votes cannot be cast, More posts from the FinancialPlanning community. I had watched multiple videos. It's basically the bank integration that Mint and YNAB have, but instead of being forced to use their interface it backs out the data into an Excel/Google spreadsheet that you can build your own system on top of. I’ve been reading through this post and looking at some other resources. Do you have a simpler way to understand it? Get it here ... YNAB. It’s been life changing for my personal financial health and confidence. So the question of which service is better depends on your unique situation. For example, when my wife would say, “can we afford this vacation?” I would look at my balance and think, well, there’s enough in there, but what other short and long term commitments do I need to cover with this money? But, they do have a few key differences that you should consider when selecting the right option for you. In this video, I'm going to do an overview of the three most popular budgeting apps: Mint, YNAB, and EveryDollar.Please subscribe and leave comments below! I’m excited try something other than a static budget, which is all Mint really gives me. The founders built CountAbout to be a Quicken alternative. That makes Mint part of the same family of software as popular small business accounting app QuickBooks and tax prep program TurboTax. 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