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The first three rules are pretty explanatory.
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The entire basis of YNAB 3 is four simple rules. As someone who is constantly on a mission to cut the budget, it is easy to look at a single line on the trend report, to see if my spending in that category is headed up or down. I already talked about this above, but I really like the trend report. I’m a visual person, so I like being able to see the overall status of my budget with a quick glance.Ībove the budget is listed my starting buffer, my income for the month, what I have budgeted for the month, and what money is still available to budget.īelow my budget I can see what is available to budget, the amount of income available next month, my overspending for the month (in red, so it really makes you think STOP!), and the starting buffer for next month. YNAB 3 is very slick, from a visual standpoint. What I Like Best About YNAB 3 The Visuals Obviously you don’t want to increase your spending, but you can budget more money toward an emergency fund, retirement, or a vacation. This is actually very motivating! Once you have a buffer of a month’s worth of income, you can start budgeting for every penny that comes in. Since the amount of your buffer is listed right at the top of your budget, you can see it grow every month. Your unbudgeted income will show up as your buffer. First you enter your income, then you budget it. In YNAB 3 it is much easier to start without a buffer.
YNAB BUDGETING APP REVIEWS PRO
It’s a great concept, but in practice, it made YNAB Pro a bit difficult to work with until the buffer was in place. YNAB operates on the premise that you spend this month’s income next month, so you always have a month’s worth of income in your account. The biggest complaint I had about YNAB Pro is that it was a little confusing to use, if you didn’t already have one month of income in your buffer. Easier to Use if You’re Still Building Your Buffer Then when you get reimbursed, you just enter the the transaction as usual, and that will set the category back to zero. Instead, you can set the category to reflect a negative balance.
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With YNAB 3, it is possible to overspend a category and tell YNAB not to roll the negative balance into the next month’s starting buffer (your available money).
YNAB BUDGETING APP REVIEWS LICENSE
This is not a license to go out and overspend! However, there are times, such as when you buy something for work and are later reimbursed, that you might overspend a category, but not want the overspending to reflect on next month’s available money. If you can’t figure out why you don’t have money left in a certain budget category, you can search for transactions in that category, to see exactly where all the money went. You can search by date, category, payee, keyword, and dollar amount. With YNAB 3 it is possible to perform a search of your transaction register. If YNAB Pro was so great, what could possibly be improved in YNAB 3? Well, there are a few things. Now that I’ve had the chance to play with YNAB 3 for a few weeks, I feel I can give you a good review. Recently the makers of YNAB Pro released YNAB 3, and since I was so happy with YNAB Pro, I decided to upgrade. I started using it after one of my readers recommended it a couple of years ago, and it hasn’t let me down. I know I slacked on keeping a budget toward the end of last year, and I’m ready to get back on track! My favorite tool for planning my budget has always been YNAB Pro. It’s a new year and for a lot of you, it means a new try at keeping a budget.