Advertising Disclosure This article/post contains references to products or services from one or more of our advertisers or partners. There is no direct phone or email contact available. Budgeting methods. Much different than Mint, and I’m still trying to switch my understanding to budgeting for the money I have in my account versus future cash flow :)). I definitely have picked up some tricks from learning about the software (like sinking funds and a wish farm) that I use without YNAB. But I was very reluctant to pay for a budgeting app; seemed counterintuitive. Find the best product instantly. ETA: Used Mint for a decade without any improvement. I actually love YNAB. It's a bit harder to use than most budgeting apps and that's because most budgeting apps have you budget money you don't have. If you’re looking for a free app that can gather all your financial data in one place while monitoring your credit score and net worth, Mint is an easy choice to make. In this YNAB vs Mint comparison, we’ll break down the ins and outs of both apps to help you see which one can help you budget better and save more money. Quicken vs. YNAB: Whom Are They Better For? I’ve been using it since 2011 and I don’t have the same anxiety about money anymore. In July, I decided to take a break from old-school budgeting (via an Excel spreadsheet) and join the 21st Century. While both services can be very helpful in the creation of budgets, they have slightly different approaches. Related to personal finance, budgeting, money and financial matters. Thank you so much for the detailed response! Don't know why people keep making this comparison. For example, when my wife would say, “can we afford this vacation?” I would look at my balance and think, well, there’s enough in there, but what other short and long term commitments do I need to cover with this money? I appreciate it! I can’t say that Mint is better than YNAB or vice versa. The amount of people that went from huge debt to debt free and months ahead is massive. . Way too passive. A lot of people steer clear from budgeting because they think budgets are going to hold them back. In this case, there’s actually a very clear winner. I’m currently on Mint (free service). Go read the ynab subreddit and reviews. It has a cult following for a reason. Published on September 16, 2016 January 2, 2020 by MinimalMelody. Thank you! The one thing I miss about mint is being able to assign money to category groups and not just categories, but that is a small fix in YNAB by just having to do an additional manual step. It doesn’t prevent you from reallocation, but does make you do it with intention when you do. Press question mark to learn the rest of the keyboard shortcuts. I loved your Mint vs. Quicken review. What do you mean by this? The first difference you should know about these companies is that Mint is free, whereas YNAB is going to cost you. Yeah, I agree. while not as native as YNAB 4, it’s the same concept. Be the first to share what you think! YNAB is older than Mint and aims to create total control of your money. 2 have had similar results and the third, my sister in law, just paid off a massive credit card debt she had and is about a year away from fully paying off another cc for a total of about 25k in cc debt. Personal Capital vs. YNAB vs. Mint – Where each app shines. If you set up all your accounts, and get an email at the end of the month full of pie charts showing that you spent an obscene amount of money in restaurants—you still spent an obscene amount of money in restaurants. You Need A Budget. In mo… mint vs ynab Two of the biggest budgeting apps out there are Mint by Intuit (the creators of Quicken) and YNAB , short for “You Need a Budget”. Mint does have the benefit of being integrated with every single bank account and company … To compare YNAB vs. Mint effectively, you have to break them down by category. Both applications are accessible via the web and on mobile devices, but YNAB will set you back a small monthly fee whereas Mint is 100% free. The question of which service is better depends on your unique situation. After watching Millenial Money, I noticed some of their audience heavily praises YNAB. Lustre recommends the best products at their lowest prices – right on Amazon. YNAB vs. Quicken: Customer Service. I seriously can't say enough good things about it. My wife finds it nice for being able to see at a glance all of our accounts, since we have a number of investment accounts in particular that she’s paranoid she will forget somehow. Mint Bills & Money Built By the Slant team. YNAB Summary. I've used both tools and still use Mint for simplicity. Do you have a simpler way to understand it? I’ll most likely keep both, for the same reasons you listed above. YNAB vs Mint. There is something about paying to save money that always makes me skeptical. The truth is, budgeting is the key to unlocking the life you want to live. Below is a summary of their features to help you make … Unable to get a fuller view of accounts + transactions , and which transactions appear in which account, and what the balances on the accounts are. I appreciate your comment! While Mint and YNAB both offer bill management tools, Personal Capital does not. This category is where Mint and YNAB begin to differentiate themselves. The user interface is lacking. 3 years ago I use the old YNAB before the subscription and prefer to keep it that way. What makes YNAB worth the price for you? Sort by. So, let's look at Mint vs. YNAB and see if we can determine which will be the better fit for your finances. This point combined with 2 is the main reason it's such a pain. With YNAB, you can plan your budget months in advance. When my wife says, hey I want to spend an extra $1000 on this next vacation, I can just say, “show me what categories it’s coming from.”. Thanks to my friends over at Decluttering the Stuff for suggesting I write this post. Financius. It's not fluff. And much easier to check your budget on the go before making a purchase. then when the new month rolls around, i move the money from that category to TBB. People say this but I found it hard to budget / plan with this. After watching Millenial Money, I noticed some of their audience heavily praises YNAB. For those looking for a simple quick-start tool to help them get a handle on their money and make better budgeting decisions, YNAB is likely to be the better choice. in YNAB, i handle it by creating a category called “budget next month.” all my current month’s income goes into that category. But I can’t be happier and feel much more in control. I just hated using mint and didn't realize it. Imports are also easier. Press J to jump to the feed. YNAB vs. Other Budgeting Apps . Thanks for the insight! Mint is a free app that also offers you access to your credit score. I’ve used Mint since 2010 and like how it has evolved to include bill reminders, credit score updates and net worth tracking. YNAB and Mint are both known for their ability to help users with budgeting, but they have two different ways of doing that. It's much easier to set up and change your budget. YNAB, all the way. I had watched multiple videos. Thanks for responding :)) Mint feels passive and hasn’t been working for me. YNAB is completely different, took a little getting used to and I was very hesitant to pay the $84. Thank you for the recommendation (and warning). it’s really similar to how YNAB 4 had a “budget [next month]” category. A lot of folks (including myself) had budgets in Mint, but never really used it to actively manage our daily spending and prioritization. Home Budgeting Tools: Mint vs. YNAB. After having experience with all three of these money tools, I’ve noticed some standout features with each. With both services, you can create budgets, and track your expenses from the credit card and bank accounts you have linked. 0 comments. That makes Mint part of the same family of software as popular small business accounting app QuickBooks and tax prep program TurboTax. Mint is simply a tracker. YNAB has you fund these categories as you receive income, all the dollars are allocated somewhere. When looking at any money management app, it's a good idea to take some time to think about what you want to accomplish and what you need in your finances. And what you need the budgeting woes of Quicken almost a decade without any improvement people went! 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