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Baaaaad research regarding YNAB, let me help you out a little bit:
– “Free Version”: YNAB offers a 34 day free trial to properly set up a budget and see if the app is right for you. They also offer free live sessions with their team to go over the app and have hundreds of hours of content archived on YT to break it down.
– YNAB is also a Zero-based budgeting app.
– Auto-Categorizing: you still need to go through and assign purchases to your categories.
– If you read Jesse Mecham’s book (also called You Need a Budget) he stresses the importance of budgeting with the money you currently have, not to forecast future income. It’s a great read for anyone wanting to learn personal finance.
It would be great if you actually did a fair comparison with legitimate research instead of a Everydollar puff piece…
I enjoyed the clarity of this video.
The best overall app, after looking at all of them and using them in finance classes is Monarch money, The easiest is Every Dollar. But with no real information besides just monthly budgeting.
Interesting how the video praises being hands-on, starting fresh monthly, and syncing easily. WalletHub actually delivers that clarity without pushing rollover tricks or clunky auto-categories. It feels simpler and more transparent overall.
I have used YNAB for years. Since long before ED came out. I downloaded ED to give it a try because I wanted to be fair. I consider myself a fairly experienced budgeter and I was so confused! One of the features I especially like about YNAB is that the balances roll over. ED wouldn’t let me do that without jumping through a bunch of hoops. I think the rollover feature makes it behave more like an actual envelope system. If you have money left over in the envelope at the end of the month, you generally leave it there for next month unless you need it somewhere else more. YNAB lets you do either one. I also like that I can get a month ahead, or 2, with YNAB. It’s always with money I currently have, but I like the security of having the next month fully funded before the month begins with money I have, rather than having to fund the current month as I get the money. I uninstalled ED and will not go back. YNAB is the only budgeting app I will use.