The best way to explain it is Mint is more detailed but less hands on while YNAB is more simplistic and more hands-on. Sort by. I've gotten three people to try it. It's much easier to set up and change your budget. So when comparing YNAB vs Mint, which one wins? The one thing I miss about mint is being able to assign money to category groups and not just categories, but that is a small fix in YNAB by just having to do an additional manual step. When I talk to other users, the features below are what people love about these apps. But in five months, it has absolutely changed everything. A discussion subreddit for popular budgeting software You Need A Budget. In mo… When looking at any money management app, it's a good idea to take some time to think about what you want to accomplish and what you need in your finances. YNAB is built on getting one month ahead with your finances. Categorizing stuff was always a headache for me because I never remember what I mean to categorize it to. YNAB gives me the ability to look at what I want to spend ahead of time, as well as budgeting what I have available prior to my next pay. What do you mean by this? It has a cult following for a reason. Update Officially started YNAB today. Much different than Mint, and I’m still trying to switch my understanding to budgeting for the money I have in my account versus future cash flow :)). Personal Capital vs. YNAB vs. Mint – Where each app shines. In my personal experience — I used mint for 12 years and it’s so PASSIVE. Thank you! But I can’t be happier and feel much more in control. General. They’re both designed to show you how and where you spend your money, but it’s clear they offer slightly different … I appreciate your comment! Both Mint and YNAB provide a user-friendly tool to improve your money management skills—and financial future —by helping you budget effectively. It is freaking amazing. I used mint for a bit alongside a spreadsheet. Regardless I’m a bit sour that they started charging as much as they do for what was Essen the same product as before. After watching Millenial Money, I noticed some of their audience heavily praises YNAB. You and to overspend? What makes YNAB worth the price for you? I definitely have picked up some tricks from learning about the software (like sinking funds and a wish farm) that I use without YNAB. After switching to YNAB, I realize how un-user friendly the mint app is. The question of which service is better depends on your unique situation. Go read the ynab subreddit and reviews. The first difference you should know about these companies is that Mint is free, whereas YNAB is going to cost you. YNAB vs. Other Budgeting Apps . YNAB vs. Quicken: Customer Service. YNAB and Mint are both known for their ability to help users with budgeting, but they have two different ways of doing that. Below is a summary of their features to help you make … I have been a Mint user since mid-2017 and quickly jumped on-board when I first heard of Simplifi’s release, hoping to have finally found a paid alternative to Mint. So, let's look at Mint vs. YNAB and see if we can determine which will be the better fit for your finances. This point combined with 2 is the main reason it's such a pain. Or do you have to track that yourself? Both applications are accessible via the web and on mobile devices, but YNAB will set you back a small monthly fee whereas Mint is 100% free. Definitely a bit overwhelming with all the options/layout. I’d just set budgets and overspend and look at the red and then so it again. 2 have had similar results and the third, my sister in law, just paid off a massive credit card debt she had and is about a year away from fully paying off another cc for a total of about 25k in cc debt. Mint is simply a tracker. It's not fluff. 0 comments. I had watched multiple videos. It's a bit harder to use than most budgeting apps and that's because most budgeting apps have you budget money you don't have. I’ve used Mint since 2010 and like how it has evolved to include bill reminders, credit score updates and net worth tracking. Study: Best Budgeting Software - Quicken vs Mint vs YNAB If you want to get ahead in life, you're going to have to make a budget and stick to it. I’ve been customizing and exploring Simplifi for a few weeks now and here are my thoughts. I never know where it all goes, just that I’m over my Mint budget each month. YNAB is here to help anyone get started with … I used to pretty much break even; now I have maxed out retirement contributions and am saving aggressively for 3 separate long term goals (combined over 5 figures in 6-7 months.). Press J to jump to the feed. bit.ly/2jYB7sH Join my top rated program Source: https://millennialmoneyman.com/ynab-vs-mint-which-budgeting-app-is-best/ it’s really similar to how YNAB 4 had a “budget [next month]” category. The biggest difference for me comes when looking at my bank balance and knowing what all the dollars have commitments for. I’ve used Mint and Every Dollar and they didn’t work for me. But I was very reluctant to pay for a budgeting app; seemed counterintuitive. in YNAB, i handle it by creating a category called “budget next month.” all my current month’s income goes into that category. Discuss and ask questions about personal finances, budgeting, income, retirement plans, insurance, investing, and frugality. There are other great options like Personal Capital , using your own custom spreadsheet or good old fashioned pen and paper – but Mint vs YNAB is one of the biggest rivalries in budgeting. Both the Mint app and the YNAB app are full feature budgeting apps that can help you manage your money and understand your true expenses each month. I’ve been using it since 2011 and I don’t have the same anxiety about money anymore. Ynab only lets you budget what you have and forces you to prioritize it in real time. With YNAB, when you need (or want) to spend more than you've budgeted, YNAB's method encourages you to adjust your plan rather than keep it as is to acknowledge that the money for that extra spending has to come from somewhere. People say this but I found it hard to budget / plan with this. I was just about to comment that haha... formulas and all, I use mint to aggregate everything for me them export to excel. Exactly what I need right now. Here’s Lindsey’s story in her own words: It’s no secret to my financial coaching clients and blog readers that I am a long-time Mint enthusiast. The user interface is lacking. YNAB, all the way. And much easier to check your budget on the go before making a purchase. Will bookmark this YouTube channel and use it as a reference. Find the best product instantly. Press question mark to learn the rest of the keyboard shortcuts. I’m not alone on that either. We've also taken a closer look at Mint vs. YNAB. After watching Millenial Money, I noticed some of their audience heavily praises YNAB. To compare YNAB vs. Mint effectively, you have to break them down by category. YNAB vs. Mint: Which Budgeting App Is Best? I used Mint for years, was always a little unsatisfied and could never put my finger on why until looking into YNAB. 100% Upvoted. A lot of people steer clear from budgeting because they think budgets are going to hold them back. If you decide to go that route, there are some great tutorials to … I’m saving an insane amount of money toward multiple long-term goals, putting aside money monthly toward periodic expenses ranging from biannual bills to Christmas and birthday gifts... It’s so much more than I would have expected it to be. In this video, I'm going to do an overview of the three most popular budgeting apps: Mint, YNAB, and EveryDollar.Please subscribe and leave comments below! Mint is built upon the old fashioned concept of making a monthly budget, setting goals, and then beating yourself into submission with guilt as you fail every month. Then get the Pivot tables set up. Add to Chrome Add to Edge Add to Firefox Add to Opera Add to Brave Add to Safari. With both services, you can create budgets, and track your expenses from the credit card and bank accounts you have linked. About Mint Mint may be one of the oldest budgeting apps out there, but it hasn't lost its popularity. Sooo much YNAB. The budgeting tool is so user unfriendly :(( And the categorizing takes forever, I almost always have to do it manually since Mint doesn’t often categorize it correctly. With YNAB, you can plan your budget months in advance. Thanks for responding :)) Mint feels passive and hasn’t been working for me. I actually love YNAB. Mint's also less smart at categorizing transfers. Financius. Edit: Thank you for all the feedback, kind comments, and resources posted. Mint Bills & Money Built By the Slant team. I seriously can't say enough good things about it. After having experience with all three of these money tools, I’ve noticed some standout features with each. Way too passive. Since you’ve made it this far, it should be clear Mint and YNAB offer slightly different services. Perhaps it only works for people with brains that think in a certain kind of way? 16 8 minute read. I’m not sure. YNAB Vs Mint: Overall Comparison. then when the new month rolls around, i move the money from that category to TBB. Press J to jump to the feed. Not all budgeting apps are made equal; it's all about perspective. Mint vs. YNAB: Which One is Better For Me? Go read the ynab subreddit and reviews. Quicken vs. YNAB: Whom Are They Better For? It is more safe and secure budgeting application. 4.7 star rating. My favorite thing to do each month. I just hated using mint and didn't realize it. This is why you’ve never heard anyone say that Mint changed their lives. All my accounts in one place sort of thing. When it comes to YNAB vs. Mint, here's our 4 reasons why YNAB is the clear winner. Mint vs. YNAB – Which Budgeting App Is Better? While this is a manual process and somewhat confusing at first once you get it it will change your life. Okay; where are you taking that money from? Does YNAB let you track future charges, like lets say if an old gym membership charges you out of the blue? I thought it was insane that people would pay for a program to help them budget... until I tried it. Thanks for the insight! This category is where Mint and YNAB begin to differentiate themselves. Unique Features Features Unique to Mint . While Mint and YNAB both offer bill management tools, Personal Capital does not. I’m excited try something other than a static budget, which is all Mint really gives me. I admit it was a pretty big mind shift to get my head wrapped around the system. Our savings has grown dramatically while simultaneously improving our quality of life. It's a bit harder to use than most budgeting apps and that's because most budgeting apps have you budget money you don't have. 3 years ago I use the old YNAB before the subscription and prefer to keep it that way. Mint vs YNAB. With more than 15,000 users, Mint may be the most popular budgeting app available. I like excel because i can look around my budgeting sheet at work and it looks like I'm being productive, New comments cannot be posted and votes cannot be cast, More posts from the FinancialPlanning community. Updated July 29, 2020. Going to the app, you are bombarded with a bunch of things (not just the ads but other graphs and whatever too) before being able to view your budget categories, Unable to customize budgeting categories, leaving you with a huge list. But there's just something about keeping a budget in excel that always does the trick. A lot of folks (including myself) had budgets in Mint, but never really used it to actively manage our daily spending and prioritization. Any news, questions, budget strategies, tips & tricks and advice related to personal finance, budgeting money. Can create budgets, they do have a simpler way to explain it is is. When it comes to managing your finances to post any news, questions, budget strategies tips! 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