YNAB provides its customers with the tools needed to be financially stable. You Need a Budget (YNAB) is personal finance software that is dedicated to helping you maintain a successful budget in order to create and achieve financial goals. The online support gives you such tools as online tutorials and free classes through YNAB University that provide practical solutions for money management. These features and their dedication to helping you save money earn YNAB our TopTenREVIEWS Bronze Award.
YNAB personal finance software makes it easy to upload your banking information and create a new account. This information is accessible 24 hours a day via computer or iPhone. Charts that depict your expenses help you recognize where your money is going during the month. Plus, when tax season comes around, all your information will be organized in one place to help ease the stress of preparing your taxes.
If you are looking for the record of a specific transaction, you simply type in the first few letters of the merchant and YNAB generates a list of matches. For example, if you are looking for a McDonalds receipt, just type "mcd" and the software will provide you with filters such as payee, category, memo or check to help narrows the search. You can also use specific dates to find the transactions. The search bar for this personal finance software is perfect for finding information fast.
It's easy to stick to your budget with the YNAB buffer tool. You may have set your entertainment budget for the month at $50, but maybe an extra movie got good reviews or your friends want to try out a new club. That $50 quickly becomes $100 or more. The buffer tool keeps you from overspending by taking what you have overspent that month and subtracting it from that same category for the next month's budget.
Staying organized is key to meeting your financial goals. With this personal finance tool, you can set categories for your income, and payments can be scheduled for any time, keeping everything organized and easy to manage. This money software also features bulk categorization, which allows you to select multiple transactions and categorize all of them at once, saving you time and energy.
The sticky note feature is an added YNAB bonus for every budgeter. With this feature, you are able to write a note or reminder to yourself. This feature is perfect for the holiday season to help you keep track of what you bought for whom and how much you have spent on each person.
Money management software is an excellent tool to help you organize your finances and save money for those special events in your life. This money management software has all of the reporting tools you need to help keep you on track to meet your financial goals. One such report is the "I spent what on what?" a pie chart that shows you exactly where your money goes. After you've used this personal finance software for a few months, this pie chart may be a rude awakening – which is really the point. All reports are colorful and easy to read, and many of them feature a report on the top half of the screen and a chart or graph representing those numbers on the bottom half.
Year after year, your net worth and expense and income reports will become essential comparison tools for evaluating your financial successes. This information must be protected and archived. This personal finance software provides security and peace of mind with encrypted and password-protected options in place, as well as backup and restore options.
This personal finance software does not have a section dedicated to taxes, but having access to detailed pie charts and line graphs illustrating your yearly expenditures will be helpful when it comes time to prepare tax returns and compile other information. YNAB has an excellent tagging system that categorizes expenditures into deductibles, business expenses and other tax-related categories.
Although heralded for its excellent banking and bills features, superb help and support options, and ease of use, this personal finance software, unfortunately, does not have any features dedicated to importing investment account data, downloading stock quotes or stock history, or maintaining a portfolio.
YNAB budgeting software is equipped with all of the help and support options you will need. Under the support tab on the YNAB website, helpful tools are available:
Quick Start Guide – This simple guide will refresh your memory regarding the functions of this personal finance software. This one-page document is perfect if you have been budgeting for years, or if you have used YNAB before.
YNAB University – YNAB University is a 10-day course that you read online or download in an audio format. If you are just beginning to set financial goals and maintain a budget, this online tool is perfect and will provide tips, tricks and strategies for improving your finances. YNAB University is a fantastic tool for anyone who has been budgeting for years as well.
Community Forums – If your questions cannot be answered anywhere else within the application's help options (including live online classes and tutorials), the community forum is yet another tool for obtaining information. It is a wonderful way to connect with other YNAB users by joining in discussions or creating new ones.
Live Online Classes – Each month, new classes are scheduled throughout the week. Classes include a budget workshop, how to handle savings accounts and credit cards, and how to stay on track to meet your financial goals. These free online classes are available to anyone and are taught in an online classroom setting. All YNAB users should plan to take advantage of this learning opportunity.
Video Tutorials – The developers of this personal finance software created video tutorials that cover everything from setting up accounts and categories to scheduling transactions and setting goals to pay off credit cards and other debts over time.
User Manual – The user manual covers every aspect of using this personal finance software, and it is available in a digital format that can be viewed within the application itself (via the help tab, which is located on the bottom left side of every window) or online in a PDF format that you can also download.
FAQs – If you are considering purchasing YNAB personal finance software, the FAQs section will answer questions you may have about compatibility and financial tools.
We recommend You Need a Budget if you are just beginning an evaluation of your finances, if you're focusing on budgeting for retirement or if you want to make smarter financial decisions. We love the easy-to-use interface, the help and support tools, and the option for iPod and Android downloads so can access and update your financial information wherever you go. YNAB is one of the best personal finance software applications on the market today.
Monthly and yearly graphs are colorful, easy to read and easy to understand.
Financial calculators are not provided and there is no section dedicated to taxes.
YNAB is one of the best personal finance software applications on the market, offering superb support and educational tools along with useful budgeting reports to help you visualize your spending and reach your financial goals.