June 20, 2024

Understanding your cash and spending habits could make it easier to make a price range to realize your monetary objectives, whether or not you’d like to save lots of for a trip, make investments extra for retirement, or purchase a home. Many budgeting apps might help you get a greater deal with in your cash so as to put it aside. Nonetheless, few present the great perception of YNAB, which is an acronym for “you want a price range.” For those who’re contemplating signing up for a YNAB account, right here’s what to find out about this app, who it’s finest for, its advantages and options, and extra. 

YNAB Cash Administration Instrument


$99 a yr or $14.99 a month and free for the primary 34 days


Follows zero-based budgeting and is exceptionally particular in detailing the place your cash goes

TIME’s take

YNAB is a hands-on budgeting app that requires you to proactively handle your cash. At as much as $14.99 per thirty days, it’s dearer than sure competitor apps, but it surely’s additionally uncommon in that it forces you to allocate each greenback of your earnings. YNAB can present complete perception into your saving and spending habits, however you’ll want to be dedicated to utilizing it to maximise its effectiveness. 

Who’s YNAB finest for? 

YNAB is finest for these critically dedicated to creating and sustaining a price range. The app requires you to be arms on with allocating your cash, so customers have to be prepared to commit their time to reap its advantages. These searching for a easy budgeting app that doesn’t require a lot up-front or ongoing effort ought to look elsewhere. 

Execs and cons


  • Lengthy free trial
  • Proactive budgeting software
  • Simple spending monitoring
  • A number of customers supported


  • Comparatively excessive value
  • Vital time dedication
  • No invoice funds
  • No simple option to observe investments


Lengthy free trial

YNAB affords an extended free trial interval, offering you loads of time to find out if it’s the proper budgeting app in your scenario. You should utilize the app at no cost for 34 days. 

Proactive budgeting software

You create a price range with cash you have already got utilizing YNAB, assigning each greenback for a selected function. This proactive budgeting system might help you keep on observe along with your spending and keep away from unintentionally overspending in a selected class.  

Simple spend monitoring

YNAB affords a number of fundamental and customised budgeting classes you should use to allocate your spending. It then helps you to clearly see how a lot you’ve spent in a selected class and recategorize simply should you go over your spending restrict for a sure class in a given month. 

A number of customers supported

YNAB helps you to add as much as six customers to at least one account, which could be useful should you’re fascinated by budgeting as a household or managing lease and utility funds with a roommate. 

What could be improved

Comparatively excessive value

YNAB comes with a reasonably hefty price ticket in contrast with different extra fundamental budgeting apps. You pay as much as $14.99 per thirty days or $99 per yr (which involves $8.25 per thirty days), relying on the billing construction you select. 

Vital time dedication

Whereas YNAB may allow you to save extra if used properly, you’ll want to decide to establishing your price range and following it. This isn’t a set-it-and-forget-it app; it requires a reasonably vital time dedication to make sure that you’re allocating your spending and sticking to your price range. 

No invoice funds

You possibly can add your month-to-month invoice quantities to the app as a part of your price range, however you’ll be able to’t pay your payments straight by YNAB. This might be pretty inconvenient for somebody who’s searching for an app with a devoted bill-payment characteristic.

No simple option to observe investments

Likewise, you’ll be able to add the quantity of normal investments to your price range in YNAB, however there’s no simple option to observe funding efficiency. The app doesn’t sync with funding accounts, but it surely does allow you to manually enter your balances should you select. Alas, the method isn’t significantly intuitive. 

How does YNAB evaluate

401(okay), IRAs, Cash administration account

Primary & premium cash administration account

$14.99 per thirty days (when billed month-to-month); $8.25 per thirty days (when billed yearly)

No account charges, however different charges might apply

None for fundamental account; $4 to $12 for premium account

$14.99 per thirty days (when billed month-to-month); $8.33 per thirty days (when billed yearly)

iOS, Android, and on-line dashboard

iOS, Android, and on-line dashboard

iOS, Android, and on-line dashboard

iOS, Android, and on-line dashboard

YNAB: In-depth evaluate

The YNAB system follows 4 fundamental guidelines: 

  1. Give each greenback a job. You assign every greenback you earn to a selected spending class for the subsequent month. 
  2. Embrace your true bills. Plan for surprising prices by saving somewhat more money every month. 
  3. Roll with the punches. For those who overspend in a selected class throughout a given month, merely reallocate funds from one other class slightly than feeling responsible about it. 
  4. Age your cash. Be aware about your spending, spend lower than you earn persistently, and improve the time between incomes and spending cash. 

Moreover the 4 guidelines, right here’s an in-depth have a look at what the app has to supply.  


YNAB is out there on a number of completely different platforms, and your info updates mechanically throughout all platforms whenever you make modifications in your account. You possibly can entry your YNAB account by the next gadgets:

  • iPhone.
  • Android.
  • iPad.
  • Apple Watch.
  • Alexa.
  • Desktop and laptop computer.  

Budgeting software choices

You possibly can arrange budgeting classes in YNAB, and the classes are totally customizable to align along with your particular monetary scenario. When you’ve arrange some budgeting classes, YNAB helps you to both mechanically hyperlink financial institution and bank card accounts or manually add money bills, common month-to-month payments, and extra. It’ll pull details about your spending in these classes out of your accounts, making it easy to trace the place your cash goes every month.  


YNAB isn’t free, however it could allow you to save more cash if used correctly. Thus, the app could also be value the associated fee for a lot of customers. In contrast to some opponents which have tiered account choices, there’s just one account kind in YNAB. You pay $14.99 per thirty days (when billed month-to-month) or $8.25 per thirty days (when billed yearly, for a complete of $99.00).


YNAB affords a wealth of academic content material on its web site, together with a weblog, free workshops, and guides to YNAB and cash administration. There’s additionally a complete assist heart accessible on the web site and thru the app, so you will get steerage should you get caught. 

Customer support

For those who can’t discover a solution to your query in its assist heart, you’ll be able to join with YNAB’s customer support crew by way of chat or electronic mail. Its chat characteristic is out there by the YNAB app.   

Social options

You possibly can add as much as six customers to your YNAB account, which is useful for household and family budgeting. YNAB additionally affords a referral program, which helps you to get a month free every time a pal indicators up utilizing your referral hyperlink. It’s also possible to present a subscription. 

Safety and reliability 

YNAB has a number of security measures to assist hold your account info secure. It employs two-factor authentication and encryption know-how and depends on extremely safe, accredited information facilities to guard person information.

Firm status

‌YNAB is rated extremely throughout a number of platforms. It receives 4.6 stars out of 5 on Trustpilot, with customers indicating the app is “life-changing” and “invaluable.” Google Play evaluations share related sentiments, ranking the app 4.6 and 4.8 stars, respectively.

Different companies provided

Moreover monitoring your spending, YNAB helps you to set cash objectives and observe your progress towards them. It’s also possible to use it to separate transactions, visualize completely different loan-repayment situations, and extra. 

How does YNAB become profitable?

YNAB is a subscription-based service that makes cash when a brand new person indicators up for a subscription. Its month-to-month subscription prices $14.99, whereas an annual subscription prices $99.00. Choosing an annual subscription saves you round $80 per yr.   

Backside line

For those who’re searching for a hands-on budgeting app that will help you wrangle your cash and work towards your monetary objectives, YNAB is an efficient possibility. The app is primarily centered on the budgeting portion of cash administration, so that you received’t get options resembling funding monitoring or direct invoice pay. Regardless of this, lots of the app’s devoted customers report vital financial savings, some calling it “life-changing” and “invaluable.” These on the fence about YNAB can attempt it at no cost for 34 days. 

YNAB Cash Administration Instrument


$99 a yr or $14.99 a month and free for the primary 34 days


Follows zero-based budgeting and is exceptionally particular in detailing the place your cash goes

Continuously requested questions (FAQs)

Is it value paying for YNAB?

YNAB could also be value what you pay for it relying in your scenario. Because the app requires some up-front and ongoing work in your half, it seemingly solely is sensible should you’re in a position to decide to utilizing it. This app isn’t a match for these searching for a extra hands-off budgeting software.

Can YNAB be trusted?

YNAB employs a number of safety measures to assist hold its customers’ information secure, together with encryption know-how and two-factor authentication. It additionally receives very excessive scores general from its person base, indicating that it’s usually reliable. 

Is there a free different to YNAB?

A number of free budgeting apps can be found, although they perform barely otherwise than YNAB. Some no-cost choices embody GoodBudget, EveryDollar, SoFi Insights, and Cash Supervisor Expense and Price range. Another choice that isn’t free however is cheaper than YNAB is Quicken by Simplifi.