YNAB is an abbreviation for You Need A Budget.
Ranked in these QuestionsQuestion Ranking
Pro Provides a method for budgeting
Provides a 4 step method for budgeting money, that really makes budgeting simple and powerful.
Pro Mobile apps for easy expense tracking
Pro Online web app
Pro Free trials available
YNAB lets you try it's software free for just over a month. This gives you a bit of flexibility when doing a monthly budget - 4 extra days to review your budget and determine whether YNAB helped out enough to justify the $5 price.
If you're a student, you can get an additional 12 months for free (for a total of 13 months) and after that you can get 10% off yearly subscriptions.
Pro Easy to manage and flex budgets
I've tried several including Quicken desktop app and I just like the way YNAB works. It is easy to learn and actually works as advertised.
Pro Understands human beings and reality
It allows you to move around budget allocations. Sometimes you just need to spend that extra money in one category and take it out of another budget without losing control of the overall budget. It's flexible, clever and understands life.
Pro Frequent updates.
The YNAB team does a great job of offering rapid response times to support requests, listening to user feedback and implementing commonly requested features into the app via frequent updates as well providing live financial workshops on a daily basis at no additional charge. All of these features make the subscription model well worth the cost to me.
Pro Free online workshops.
YNAB regularly offers live workshops on a variety of different topics. These workshops include time for Q&A which is very helpful.
Con Data is stored in the Cloud
All budget data is stored in the cloud on AWS servers which are most likely based in the United States. HOWEVER, there is an option to save budget data locally as well.
Con Subscription based
Instead of a one-time purchase, you will need a subscription to use YNAB after the free trial. Subscriptions can be bought annually for $83.99, which is about $6.99 per month.
Con Learning curve
There is a learning curve to the YNAB method.