Users can pick which linked accounts to include. The app also includes access to a net worth report to track your financial health. You may be better off using another budgeting app specifically to track investments if that’s a feature that’s important to you. However, the tracking takes a bit more work, compared to other budgeting apps. YNAB lets you track other financial accounts like investment accounts. No credit card is required to sign up for the free trial. You can also sign up for a 34-day trial of YNAB to test and see if it’s a good fit for your budgeting needs. YNAB comes with a 100% money-back guarantee if you aren’t satisfied with the app. Users can sign up for $14.99 per month or opt for an annual subscription for $98.99 per year. YNAB is a paid app and one of the more expensive ones to use at that. You can also email YNAB’s security team with any security-related questions or concerns. YNAB protects your personal and financial information through the latest encryption technology, enhanced login measures and other security protocols. YNAB employs standard security and safety best practices to protect customers. Security is always a priority whenever you connect financial or personal information to third-party software. If it sounds like a lot of work, that’s because it’s a much more involved process than with many other budgeting apps. If you use credit cards to pay for purchases, you can set up a credit card payment category and use it to filter funds from other categories as you enter transactions. It only allows you to earmark funds toward those expenses. You can create categories within your budget for bills, but YNAB doesn’t have an internal bill pay feature. YNAB works by using money earned the previous month to fund your budget. If you overspend on one category, you can move funds over from another category to cover the cost. You can create goals and monthly payments to pay off an infrequent expense outside of your typical budget, like car repairs. As income is added to YNAB, you assign it to specific categories or expenses. YNAB is built on four specific budgeting principles: Keep in mind that manually adding transactions to your YNAB account may require a lot of extra time and effort. You start with default budget categories, but you also can create your own to fit your specific needs.įor automated importing of transactions, you can link a bank account to YNAB, but it’s not required. Users of the app are actively involved in setting goals, adding expenses and adjusting their budgets as needed. YNAB takes a proactive approach to budgeting.
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