![]() ![]() Obviously, this is just for illustrative purposes. You can’t assign more money than you have, which helps you avoid debt. Instead, YNAB uses the amount of cash available in your bank account to tell you how much you have available to assign. But unlike with other apps, these amounts aren’t arbitrary numbers. You can create as many categories and sub-categories as you want.Īs with other apps, you assign the amount you plan to spend to each item in your budget. ![]() The app’s main screen is a list of general categories of expenses such as “Immediate Obligations” and “Debt Payments.” Within each of these general categories, you’ll find more specific items such as “Rent” or “Student Loan Payment.” A sample of budget categories in YNAB. Create Your BudgetĪt its core, YNAB is a budgeting app much like you’re used to. This way, you can see how it differs from other budgeting and personal finance apps. How Does YNAB Work?īefore I get into specific pros and cons, I’ll give a brief overview of how YNAB works. Need help creating a budget? Read this next. Keep reading to find out what sets it apart. If they help you make better financial decisions, then please keep using them.īut if you’re dissatisfied with the state of your finances and looking for a different way of managing your money, then YNAB could be for you. I’m not saying that apps like Mint or Personal Capital are useless. To be clear, this was just my experience.
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