Should Budget for ‘You Need a Budget’?
Do you need You Need A Budget? While that might seem like a typo (or some kind of obscure Zen koan), we’re simply posing a question regarding the app called You Need A Budget, which we’ll call YNAB (like they do) from here on out to eliminate any confusion. YNAB does pretty much only one thing – help you create a budget and stick to it – and it does it really well. But is it worth its relatively steep annual fee? Let’s take a look. After installing YNAB, you’ll be asked to connect your banking and credit accounts if you’d like. Doing so lets the app pull in all of your financial transactions which can then be assigned to different spending categories. If you aren’t comfortable handing over this information, you can also enter transactions manually, although the company uses some pretty serious encryption algorithms, so security doesn’t seem like an issue. In either event, you can initially assign transactions to any of the app’s five categories: immediate obligations; true expenses; ...
Comments
Post a Comment