Though YNAB says they’re all about being less automated and more hands-on, they also auto-categorize your transactions. Ratings and Reviews of the YNAB Budgeting App Have your transactions categorized automatically.Get tracking recommendations for your manual transactions.Join live Q&A sessions with YNAB teachers.Talk to a live person for customer support.Securely connect your bank account to your budget.Access your budget on your computer, phone or tablet.And fourth, to “age your money,” which is where you save up a full month of income so you can pay this month’s bills with last month’s money. Third, to roll with the punches, which means to adjust your budget and move money from one category to another if needed. Second, to embrace your true expenses, which means you budget some money each month to break bigger, infrequent expenses up so you can pay cash when they’re due. First, to give your money jobs to do (aka use the zero-based budgeting method). YNAB is a budgeting tool built on four rules. If you were using Mint and need a new budgeting app, keep reading to see how all these alternatives stack up! But they don’t have an actual budgeting tool. Even with the good stuff Mint offered, these things were deal breakers for me.Īnd then Mint announced they were shutting down, and all they offered the four million people budgeting with them was the chance to move their data over to Credit Karma.īut get this-Credit Karma doesn’t even offer budgeting! Yes, they have a spot for customers to see all their financial accounts, net worth and transactions in one place. That means owning your finances-not owing on debt. That means tracking your transactions yourself. I want you to be in control of your money. Mint had no problem encouraging debt, and I just can’t get behind that. They promoted credit cards, loans and other pro-debt products. This is so important.Īlso, Mint ads didn’t have a budgeter’s best interests at heart. And putting your transactions where they belong helps you feel it and see what’s happening to your money. Spending in and of itself isn’t wrong, but you should feel it. You should actively tell your money where to go. Yes, it’s nice to have some of the work done for you with budgeting-but being inside your budget is actually key to being in charge of your money. So, the effort to streamline your budgeting on the front end could make extra work for you on the back end.Īlso, you guys, Mint led budgeters to be way too hands-off with their money. Then you’d have to go in and fix it after the fact. They could have seen Target and dropped that entire transaction right into Groceries. Mint didn’t know, but they sorted out all your transactions like they knew. That makes sense, honestly, because you know when you stop by Target you can end up buying diapers for the Baby budget line, a cardigan for your Clothing budget line, and orange juice for your Groceries budget line. They did all the tracking for you.īut here’s the deal: One of the biggest complaints reviewers pointed out was that Mint often chose the wrong budget category. Essentially, when you connected your bank account to your budget, Mint decided where your transactions should go. Getting your complete financial picture in one spot does sound great! I love when things are clear like that.Īnd you’d think having a budgeting app automatically sort your transactions into categories would be the best thing ever. And Mint users loved that they could wrangle all their money management in one place. Ratings and Reviews of the Mint Budgeting Appįirst off, the net worth tracker looked like an awesome feature.
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