Money manager ex vs ynab how to#
Money manager ex vs ynab free#

Money manager ex vs ynab free#

It might be helpful in the short-term, but over time, you may find that you need more advanced features, like an in-depth financial report, that aren’t offered in the free version. YNAB, on the other hand, is more concerned with daily use. The focus on data-driven and goal-oriented money management is appealing to goal-oriented business owners, but less so to those who just want to keep on top of their deposits. In addition to basic budgeting functionality, it gives you more information about your portfolio, retirement, other investments, and how much you can expect to access each month, as well as more than 40 types of charts and reports. While both of these programs have an emphasis on tracking your money’s time in your pocket, Mint’s interface is much more financially-focused. They’re basically pay you to shop!Īs for the specific features they both offer, here’s a list of the most important ones: Where Mint and YNAB Differ You get cash back, rewards points, miles or other incentives. And both apps allow you to earn money back when you shop. These two budgeting tools will also help you track your financial progress – whether you’re looking to save more money or you’re trying to pay off more debt. Most importantly, both YNAB and Mint will give you suggestions for the best ways to attack your debt and help you finally get out from under it. Both apps also have integrated reports to give you a clear picture of your spending habits. Your budget is created and organized and it’s a breeze to add transactions. They both offer convenient and easy-to-use budgeting options. Features Both YNAB and Mint Offerīoth YNAB and Mint have lengthy lists of features that set them apart from other budgeting apps. And while I don’t use it anymore, my current husband and I use YNAB to keep track of our joint funds. I’ve used it to pay for trips and home improvement projects and Christmas gifts and long weekends away. I’ve used it while paying off student loans and credit cards. I’ve used it while saving for house down payments and while saving for my wedding.

Money manager ex vs ynab how to#

To help everyone get a bird’s-eye view of how to use YNAB, I’ve compiled a lot of the more common questions I received into this post. A lot of people who read that post were interested in learning more about YNAB, and I found myself replying to a lot of the same questions. ScreenshotsĪ couple of weeks ago, I did a post about how I use the budgeting app YNAB to slice and dice my money. This is the big picture view of your entire financial situation. There are four ways in which your spending is reflected in its system: It considers human behavior in the context of budgeting. With its focus on eliminating debt, YNAB is part of a subclass of personal finance apps that emphasize finding ways to stop spending money, which leads to greater financial security and freedom. Mint is a great tool for keeping you on track and helping you to get your financial life under control. The best thing about Mint is that it is accessible anywhere any time, so you can check and monitor your finances from any computer anywhere. You can set up all your alerts, goals and budgeting options directly from your computer. The transfer information is then entered into your account.

Mint is incredibly easy to use, and you can add transactions either by manually typing the information or using your smartphone to take a picture of the check or electronic transfer of funds. Mint is a web-based service that essentially sits in your browser and tracks your finances as you add transactions.

Mint has been around for many years and is one of the most popular budgeting apps out there and let’s face it, it’s free.