Who uses YNAB?

copperman05

Not much in here on Budgeting despite the name. Just wondered how many people had started using YNAB (YouNeedABudget)? I've found it invaluable it getting my finances in check, knowing where every penny is going really allows you to take control of your spending habits...

What is your experience of using it?

Ben8282

I use pen and paper.

speakingofart

I do and have found it invaluable to track where everything is going, identify spending habits and where I should prioritise savings. However I have YNAB4 which by all accounts doesn't bear much of a resemblance to the online version!

Archi_Bald

Google is your friend.

https://www.google.co.uk/search?as_q=&as_epq=ynab&as_oq=&as_eq=&as_nlo=&as_nhi=&lr=&cr=&as_qdr=all&as_sitesearch=forums.moneysavingexpert.com&as_occt=any&safe=images&as_filetype=&as_rights=

katejo

I have been with Ynab since Aug 2014 and have found it extremely beneficial. I had no debt (except small mortgage) before I started but can organise money/save much more effectively with it. I have also stuck with Ynab4. I did trial the online version but much prefer the desktop based one for quite a few different reasons.

copperman05

Archi_Bald wrote: »

Google is your friend.

https://www.google.co.uk/search?as_q=&as_epq=ynab&as_oq=&as_eq=&as_nlo=&as_nhi=&lr=&cr=&as_qdr=all&as_sitesearch=forums.moneysavingexpert.com&as_occt=any&safe=images&as_filetype=&as_rights=

That link doesnt work.

copperman05

Well I am using the web based version, perhaps you always like what you are used to? Anyway, I find it pretty intuitive and like the way can be flexible with your spending. I think the web verison also has some updates over the desktop one, ie credit cards and now treated as such, etc.

Anthorn

copperman05 wrote: »

Not much in here on Budgeting despite the name. Just wondered how many people had started using YNAB (YouNeedABudget)? I've found it invaluable it getting my finances in check, knowing where every penny is going really allows you to take control of your spending habits...

What is your experience of using it?

I used to use YNAB but it ceased to be relevant. I finish every month with a surplus and that surplus is transferred to a savings account, no real need to budget. My expenditure is automatically categorised and fully listed in my CYBG B app although it does have a thing about spending on things costing less than a tenner. Lastly it's treatment of credit cards left me with quite some disagreement: YNAB's goal is to pay them off but I use credit cards as a tool hopefully to my advantage.

One thing that I did retain from YNAB is leapfrogging over a month, i.e. use the income from month 1 in month 3 and so on.

No_6

MS Money for me, on a PC only
so might not suit the phone only types,
it's a glorified spread sheet,
with loads of options......if YOU enter all the data.

katejo

copperman05 wrote: »

Well I am using the web based version, perhaps you always like what you are used to? Anyway, I find it pretty intuitive and like the way can be flexible with your spending. I think the web verison also has some updates over the desktop one, ie credit cards and now treated as such, etc.

The way the Web version handles CC is one of the features which I personally dislike. I have no need to budget the money to clear my CC. It has already been budgeted in the relevant category so I know the money is in my account for the transfer once a month. There are various features on Ynab4 which aren't permitted on nYnab (eg. sending pay to the next month). Yes I know there is a way around that but that isn't the point. There is also the risk of 'stealing from the next month'.

katejo

Anthorn wrote: »

I used to use YNAB but it ceased to be relevant. I finish every month with a surplus and that surplus is transferred to a savings account, no real need to budget. My expenditure is automatically categorised and fully listed in my CYBG B app although it does have a thing about spending on things costing less than a tenner. Lastly it's treatment of credit cards left me with quite some disagreement: YNAB's goal is to pay them off but I use credit cards as a tool hopefully to my advantage.

One thing that I did retain from YNAB is leapfrogging over a month, i.e. use the income from month 1 in month 3 and so on.

I also have a surplus at the end of a month but still find Ynab useful for organising my budget.