Jeremy Biberdorf
By: Jeremy Biberdorf
Nov 18, 2022

YNAB Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
Nov 18, 2022


Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.


4.5 rating based on 5 ratings


In a nutshell: With YNAB, or You Need A Budget, you allocate each dollar of your income to anticipated expenses or savings each month to assist you in managing your money effectively. Through YNAB, investors can take a proactive approach to budgeting and achieve absolute control over their finances. As part of this YNAB review, we discuss the app’s features, pros & cons, and costs.

FeesMinimum Investment
$14.99/Month / $99 Annually$14.99
Pros & Cons
  • Adaptability increases the likelihood of success.
  • YNAB allows you to plan many years into the future.
  • It provides a new technique to assess how you'll spend or save your earnings.
  • Several choices for bank and credit card account connections.
  • Slightly difficult to use and might be intimidating at first.
  • No free YNAB plan exists, but a 34-day free trial does.

Compare to Other Investment Platforms:

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ProductYou Need A Budget (YNAB)
Minimum Account Requirements$14.99 Month
Platform iOS, Android, Web, iPad
Fees$14.99 Month / $99 Annual Subscription Fee
Transparency All resources can be found on their website

What Is YNAB? website

YNAB is a popular budgeting app that allows you to automate and take control of your budget on a monthly basis. Their system is built on the theory known as zero-based budgeting.

Follow the “YNAB Basic Rules” and you can eliminate bad spending habits, consolidate debt, and set priorities for upcoming expenses. You do this by analyzing your accounts and then allocating every dollar into suitable budget categories.

Your aim is to cover the upcoming month’s expenses with last month’s paycheck. This process is known as “aging your money” in the personal finance world.

  • YNAB app is available on desktop and mobile
  • YNAB is the ideal option if you want a system that only concentrates on budgeting rather than investing and other frills.
  • You may prioritize impending spending and other financial goals while managing your debt using YNAB.

Get started With YNAB Today!

External YNAB Reviews & Ratings

PC World5
Google Play4.8 from 15,059 votes
Apple App Store4.8 from 46,308 reviews
Trustpilotynab trustpilot review
G24.6 from 28 reviews

Firsthand User Experience with YNAB

Here are some reviews from traders who have experienced the platform firsthand:

“I love YNAB! It has helped me manage my money in a more efficient way, allowing me to save for anything from an emergency fund to a fun vacation. I use YNAB daily and am so thankful to have this as an easy and fun way to manage my money.”
“This system has turned around my financial life forever. The amount of resources from videos to blogs, to the online YNAB community has helped so much in really learning how to make YNAB work for my life.
After the learning curve, it becomes really intuitive and something I look forward to each day. I’ve never stuck to a budgeting system for as long as I have with YNAB, and I feel more confident making decisions with my money.
The app works seamlessly for day to day use, and the troubleshooting resources are very detailed. The short videos on YouTube really show a vast number of ways to tailor the system for individual circumstances.
For me, it is worth the investment in the subscription and it’s evident the developers are continually making improvements based on feedback provided by its users.”
“Used it through college when I had no steady income, and now in my career. It’s the only budgeting system that actually works. I’ve tried spreadsheets, Everydollar, and a few others but none are like ynab.”
“A life changer
YNAB is a great tool to take control of your finances. It helped me and my family achieve our yearly objectives and allowed me to eliminate a lot of anxiety. The every dollar has a role concept is a very pragmatic and effective philosophy to create long term financial stability and growth in the household.”

How YNAB Started

Jesse Mecham, a full-time student at the time, created a spreadsheet called You Need A Budget in 2004.

When analyzing other personal finance budgeting tools he noticed they were all the same. They had a fixed plan. But, Jesse’s YNAB spreadsheet was dynamic and distinctively different in creating an adequate budget.

After joining forces with a software developer Jesse decided it was time to start selling his idea to the market.

Fast forward to 2013 and YNAB started utilizing its own tools for the company’s bookkeeping.

Today, YNAB is run by a small and is working on building the best personal finance tool software out there.

YNAB Investment Options

Managing your investments requires you to keep track of your donations and any withdrawals from your checking account, as well as monitor the account’s fluctuating market value.

Here’s how YNAB can assist you in tracking and saving for significant long-term investment goals:

  • A monthly target: Choose if your monthly contribution remains the same. If your investment is due at a specific time each month, you will establish a “Needing for Spending” objective, enter your monthly contribution amount, choose “Monthly,” and then join your due date.
  • By Date option: The overall goal keeps investors on track to reach their end goal when the investing account has a target that they want to reach, but you make different contributions month to month based on what else arises.

YNAB Pricing

The monthly subscription for YNAB costs $14.99 per month, and the annual subscription is $99 per year.

There is a 34-day free trial during which you may use all of their services across your devices, receive live coaching, and receive award-winning customer service.

Paying $14.99 a month for a reputable budgeting application will keep you disciplined and ultimately save you money.

YNAB Features

Let’s take a closer look at what makes the YNAB budgeting app unique.

Goal Tracking

Easily set spending and savings goals and track your progress with YNAB’s powerful target-setting features.

Loan Calculator

YNAB will determine how much money and time you’ll save for each additional dollar you put toward debt.

Uncluttered And No Ads

YNAB features no annoying pop-up ads or third-party items in the application, all while providing a smooth user experience.

YNAB Performance

On average, new users can expect to save $600 in their first two months with YNAB. Here’s the kicker, YNAB budgeters can potentially save up to $6,000 after 12 months on the app.

It’s worth taking into account the time and stress proper budgeting saves you. No more freaking out about those upcoming bills.

Strengths and Weaknesses

The strengths of YNAB are evident:

YNAB is a well-known affordable personal finance tool that has the potential to change people’s lives. YNAB establishes four simple rules for successful budgeting.

  • Rule 1: Give every dollar a job to do.
  • Rule 2: Embrace Your True Expenses
  • Rule 3: Roll With The Punches
  • Rule 4: Age Your Money

If you follow these rules YNAB is confident you can take control of your finances and life.

One of YNAB’s weaknesses is that they don’t allow direct bill payments. There is also a learning curve that might confuse a new budgeter.

YNAB Review Final Thoughts

Without some additional help, most people lack the self-control to budget. YNAB approaches money management in a very systematic thought-out process.

The YNAB personal finance app enables you to create and adhere to a plan before spending a single cent. You Need A Budget lets you take back control of your money and gives you a clear view of your spending habits.

Give YNAB a try and sign up for the 34-day trial period.

Get started With YNAB Today!

Frequently Asked Questions

For a single year, yes, it is! Proof of enrollment is the only thing that is needed.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.