The New YNAB Review

YNAB review

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YNAB Review 2017

If you have done any searching for budgeting software, you’ve probably come across YNAB. You may have seen people raving about it (weird, for a budgeting software, right?) Maybe you’re wondering if it’s worth the hype? Keep reading my YNAB review 2017 (updated!) to find out more.

I originally purchased YNAB (or You Need A Budget) over over five years ago. I originally wrote this review to compare YNAB 4 to “The New YNAB” but since it’s been out for quite some time, I think that almost everyone is using the new version at this point. This post has been updated as of October 2017 and will continue to update as new features are released.

The new YNAB changes things quite a bit. With YNAB 4, everything was connected to Dropbox and there was a desktop application. In the new YNAB everything is online and syncs within seconds. This was a huge upgrade, and took an already awesome budgeting software to a new level. So what is YNAB? YNAB is a budgeting software that uses mobile and web-based apps to track your income and spending. Using a budgeting software can be very eye opening. You can see where your money is going and begin to prioritize your spending. Budgeting software isn’t just for people who are “bad” with money (although if you are, it will certainly help!) but a great for anyone who wants to have control over their money. With YNAB, it all starts with the four rules.


The new YNAB budgeting software review. I have been using this software for almost three years, and it's perfect for our budgeting needs!


Rule 1: Give every dollar a job

This is just the basic idea that every dollar you earn should be allocated to a certain purpose. It’s the most simple idea, but it’s also genius.

Rule 2: Embrace your true expenses (formerly save for a rainy day.)

The idea of rule 2 is to realize that the large, less frequent expenses should be budgeted for on a regular basis. An example would be paying insurance premiums every 6 months. Instead of being hit with a $600 payment, you can budget $100 per month. Breaking up larger expenses over time makes life easier because when they arrive, you are 100% prepared. Another example would be saving for Christmas (it comes every year and shouldn’t be a shock!), vacations, taxes, etc.

Rule 3: Roll with the punches

This rule is my personal favorite! Rolling with the punches simply means that life happens, budgeting mistakes happen, things come up, and that’s 100% okay. You may overspend in certain categories and it is just fine to move money from other categories. Expecting for things to come up and rolling with the punches helps allows you to be flexible while maintaining your true goals.

Rule 4: Age your money (formerly live on last month’s income)

A very interesting feature in YNAB is being able to see how “old” your money is. Formerly YNAB wanted us to live on last months income, creating a buffer and breaking the paycheck-to-paycheck cycle that the majority of American’s are stuck on. Aging your money is the same concept, ideally you want your money to be older than 30 days, meaning you are living on income from at least one month prior.

The new YNAB budgeting software review. I have been using this software for almost three years, and it's perfect for our budgeting needs!


YNAB is accessed via either the web-based YNAB or on an iOS or Android device. With new updates to the software, you can do everything that you need to do on your phone. This is a really handy feature! You can actually move money from your “to budget” category into other categories from the mobile app.  The iOS and Android app allows users to add transactions for both income received and money that has been spent. Both the web-based and mobile apps are very user-friendly. Even if you aren’t a very tech-savvy person, it isn’t hard to figure out how to use either one. YNAB also has dozens of videos on their YouTube channel with helpful information and easy to follow set-up and how-to-use tutorials.

(Actually) Free Trial

YNAB has a free 34-day trial, and the set-up is almost fool-proof. YNAB will walk you through all of the set up steps, and teach you exactly how to use it right in the app. If you’re still confused, you can always check out the YouTube channel, I have found it extremely helpful. YNAB allows you to seamlessly use multiple devices, even if you are using them at the same time. Transactions entered into the web-based app are automatic, and transactions entered through the mobile app take 60 seconds or less.

Another feature that I love with the new YNAB is the ability to set goals. Let’s say you want to spend a certain amount on Christmas, a vacation, a wedding, etc. Setting a goal will allow you to see how close you are to your goal, and it also tells you how quickly you will reach the goal if you save a certain amount every month. While this isn’t a necessary feature, I will like it’s really nice, especially if you hate math!

Budgeting Together

My husband uses the mobile app, and I handle most of the web-based budgeting. You can do everything from the mobile app, but I prefer to do the actual budgeting on a larger screen. This works for us because he isn’t interested in the nerdy numbers part of it. He likes that the app is simple to use. If you budgeting with someone else, it’s important that they are on board. I think that YNAB makes it easier since it is so simple to use.

Extra YNAB Features That I Love:

The YNAB blog: There are so many helpful articles on the blog and it is updated regularly!

WhiteBoard Wednesdays: I don’t think these are updated anymore, but this is my favorite extra YNAB feature. I love watching the Whiteboard Wednesday videos on YouTube.

YNAB is very active on social media. If you have a question, you can likely get it answered on there. If not, you can always send an email and get a quick response.

Things that could be improved:

Initially I wasn’t sure about YNAB switching to a subscription service, but I have come around. I feel like it has allowed YNAB to grow and updates are put out quickly. Personally, I have never had any issues, but I have heard that YNAB customer service has really improved. I had heard complaints about it in the past, but I have heard nothing but positives lately. I also enjoy the interaction that I see on Facebook.

When I wrote this post, I included the fact that I was disappointed that the new YNAB did not include reports. It now does include reports, so that is no longer a problem for me. They put on new features all the time, and I really like that!

YNAB vs. Every Dollar:

YNAB wins, end of story.

…wait, that wasn’t much of a comparison, was it?

Okay, so I love Dave Ramsey’s podcast and books, and I recommend them to anyone who is interested in getting on a budget and making better financial decisions. That being said, I wasn’t very happy with Every Dollar. I didn’t feel like it was easy to use, and I felt like any money that you had “before” starting to budget didn’t really have a place to go. Maybe I was just using it wrong, but I tried on three separate occasions and could never get used to it. Every Dollar IS free, but if you want to connect your bank account (which is included with YNAB) the price is about the same as just going with YNAB.

Final thoughts for my YNAB Review

Whether you are brand new to budgeting or just looking for something new, I believe that YNAB could be right for you! YNAB doesn’t have much information as far as investing, but I don’t think that needs to be part of a budgeting app anyway. The 34 day free trial allows you to use YNAB for more than a month and see how it works. The trial is absolutely free, they don’t even require a credit card! The cost of YNAB is now $5/month or $50 for the entire year. If you aren’t currently tracking your finances, you will be able to save far more than the investment, probably in the first month! If you’d like to get your free 34 day trial, head over to You Need a Budget.

Thank you so much for reading my YNAB review! If you’ve used YNAB, or any other budgeting software, I’d love to hear about it in the comments! If you like this post, make sure to pin it for later or share it with your friends!

What's the BEST budgeting software? In my opinion, it's You Need a Budget, or YNAB. Check out my full YNAB review to find out more!


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    1. No, it’s not an advertisement. Just my opinion on a product that I’ve been using for quite some time. It was originally written as a YNAB4 vs New YNAB comparison but has been updated.

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