The Reality Of YNAB Budgeting

budgeting software

Budgeting Software for rainy day fundThere is a lot of hype about YNAB’s amazing budget software. The creators of YNAB have made a remarkable product that not only helps people arrive at a zero debt level but actually helps them achieve a positive balance in their account by providing a buffer of at least one month’s income ahead of monthly expenses. This is powerful budgeting.

While it does take will power to stay the course when it comes to any budgeting, YNAB does help accomplish this task by giving you the reality of over-spending. You can look at your budget any time and see exactly where you’re at. If you choose to over-spend sometimes, YNAB will make the accommodations by borrowing from other delegated monies and also show you how it will affect your next month’s budgeting totals. This is reality and as hard as it may be for people to receive that, reality helps us keep in check of our spending habits.

Actual Customer Feedback About “Reality Check”

One person who uses YNAB (call him Pete) said that using this software really helped him and his wife see how money easily went through their fingers without realizing it. He used a large home improvement purchase example and explained that large purchases seemed impossible for which to save. Without YNAB, they would either just go ahead and buy the product regardless of the consequences or give up on ever buying it. With YNAB, they created a category for home improvements and have been able to see little bits of cash being saved up toward purchasing this product. While this seems like a no brainer, most people spend little bits of cash here and there without realizing it which, if added up over time, would be able to purchase those items they want. This was a reality check for Pete and his wife and they are very happy that through YNAB, they actually changed their mindset about saving.

Another happy customer of YNAB has a similar story but his dilemma was using spending as a comfort to escape pressures from kids and family life. Through YNAB, he realized how his “comfort spending” was actually making them more uncomfortable at home by getting off the budget. Through a little effort from him and his wife, they curtailed this over-spending and learned that there are other ways to fix the little pressures from children and family life that don’t jeopardize the budget.

Through these and other examples, YNAB has helped folks recover from debt and get ahead in their person finance situation. It can also help you. Check it out at their website,, for more information.


Is Budgeting Software Really Necessary?

budgeting software

Budgeting Software for rainy day fundEveryone has some type of budget, whether they admit it or not. Simply put, a budget consists of knowing what bills are due and dividing up the income to pay those bills. Of course, it is more complicated than that but basically, everyone has to figure up their responsibilities every month and allot their income to pay those payments. But for most people, it is very easy to become side-tracked in their spending or to have a false security about their income when they see a lump sum amount in their bank account.

As we all know, money takes wings very easily and an expense that only comes every so often can upset the apple cart if planning is not made in advance. Also, you have those unexpected expenses that always come at an inconvenient time (it’s all inconvenient when you don’t expect it and you don’t plan for it).

Reasons for Budgeting Software

With that being said, here are two reasons why budgeting software is a necessity for anyone.

  • Commitment – Just like joining a gym helps many people stay committed to exercise, having budgeting software also helps people stay committed to a budget. A lot of people who really don’t enjoy the grueling task of keeping up with expenses and income totals would find a budgeting software program beneficial in that the program does most of the work for you..
  • Understanding your Budget – Instead of writing down all your accounts, gathering all the expenses, tallying your income sources, and setting goals by hand with pen and paper, a budgeting software program will walk you through the maze more easily (depending on the software) and help you set those goals for your income. Most packages also give nice reports and show graphs that help you understand where your hard-earned dollars went or where they are going. There are some excellent packages that will even help you plan ahead for your income so you have less managing time to spend each month. One such software is YNAB.

YNAB (You Need A Budget)

Personally, I like the YNAB software package. It is not free like some other software applications but the features it has make it well worth the money. The four rules of YNAB and the envelope system of budgeting are the crux of their success. Not only does this software help you get on and stay on track with a personal budget, but it changes your mindset to look toward the future of expenses instead of looking back at the past record. YNAB is an excellent product to consider if you want a good, reliable budget without the headache.

Reasons For Choosing YNAB Budgeting Software

budgeting software

save-for-rainy-dayThere are a lot of different budgeting software packages available but what are some of the reasons for choosing one over the other. Here are 14 great reasons for choosing YNAB (You Need A Budget) budgeting software.

Diversity: YNAB runs on Windows or Mac and you can sync in-between. PC at work and Mac at home? One license is all you need.

Mistake Recovery: This is new to YNAB. If you make a mistake with your budget and wish to go back in time, now you can. Revert to a past version in a single click.

Great Support: YNAB is dedicated to helping you succeed. There are free live classes, screencasts, a dedicated forum, walk-through tutorials and more there to help you.

Reconciliation Wizard: This is another new feature with YNAB. A new reconciliation wizard lets you reconcile all of your accounts with ease to make sure that YNAB and your account balances match.

Global Currencies: Besides the Dollar, YNAB supports Euros, Pounds, Rupees, Reals, Rands, and just about every other currency in the world.

Unified Account View: With all your accounts in one view, YNAB makes it easier to see all your transactions or find the specific one you’re looking for. This is a new addition.

Easy Split Transactions: When it comes to ease of entry, YNAB’s inline split-transaction entry is second to none. Set the total receipt amount and let it go.

Autosave: Autosave is another new feature. YNAB saves your budget automatically at regular intervals and also when you quit. No need to worry about losing your work.

Powerful Search Tools: Search for dates, amounts, payees, categories and more. You can combine searches to get just the results you want.

Spending Quick View: With YNAB, you can click on any ‘outflow’ amount in your budget and get a list of all the transactions that made up that number and edit them if need be.

Good Upgrade Policy: One license is good for all your computers. All minor updates are free and YNAB will never remove features just to get you to upgrade. That shows integrity.

Powerful Reporting: the new reporting engine of YNAB lets you slice and dice your financial history in a variety of ways with reports that are readable by actual humans.

Scheduled Transactions: If you have bills or paychecks on regular intervals, you can create a scheduled transaction and new transactions will be made automatically.

Notes Everywhere: Save notes for months, categories, or budget amounts in a category. Whatever you need to remember, YNAB has got your back.

I hope this list will help you decide to try YNAB. You will be amazed!


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