YNAB wants you to put money aside for large expenses a little bit at a time. The goal is to get ahead so that you live on last month's money. It also helps you stop living paycheck-to-paycheck. This might sound strange, but it helps you avoid unnecessary spending. In other words, you must assign a category for every dollar you make. Where YNAB differs, though, is in its principles. You create the categories, import or enter your transactions, and see how you fare. YNAB works similar to many other budgeting programs. Keep reading to see if YNAB is something you might want to consider to get your budget on track. YNAB offers several types of support to get you on your way. In other words, no money sits without a category. If that means you can get out of debt or realize a small amount of financial freedom, then their mission is accomplished. Even if you aren't to the point that you can live off of "old money," the program aims to help you learn how to put an end to living paycheck-to-paycheck. The founders of YNAB feel that the longer you can live off the money you made in the past, the more financial freedom you will have. They want you to plan for upcoming bills so that when they happen, you aren't in a mad dash to find money to cover it. What this app does is help you think ahead. You won't be able to view your net worth, track your investments, or get investment advice. Poor investment and retirement trackingĮxcellent budgeting app without extra bells and whistles.
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