YNAB

You Need a Budget (YNAB) (pronounced Why-nab) is an American multi-platform personal budgeting program based on the envelope method. In 2013 it was the most popular personal finance software among Lifehacker readers.[1]

YNAB
Developer(s)Jesse Mecham
Initial release2004 (2004)
Operating systemWindows, OS X, Linux, Android (operating system), iOS
TypePersonal finance
LicenseTrialware
Websitewww.ynab.com

Overview

YNAB is a software platform that can be used across desktop computers, the iPhone and Android operating systems, iPads, Apple Watches, and the Amazon Echo system.[2] The system is easy to learn and use, but for users who want to learn more in-depth about the system, a book has been published.[3]

The general theory of YNAB is to "give every dollar a job". Each dollar in savings is saved for a specific purpose, such as annual car insurance payment, long-term housing repair fund, college savings, etc. The goal of YNAB is to consider long-term expenses every month to prevent spending "surprises" and break the paycheck-to-paycheck cycle.

While one could implement the same principles on their own, the software auto-imports transactions for users to categorize in one click. The software also displays financial reports to keep users informed about their finances at a glance. Lastly, the platform also has several open-source add-ons that offer additional reporting tools.

Versions

The latest version, dubbed "The New YNAB" or "nYNAB," was launched December 30, 2015[4] as a web-based application, with apps for iPhone, iPad, and Android devices.

The previous version 4, YNAB4, was released in June 2012. Version 4 was a desktop-based application available for Windows and Mac OS, with apps for iPhone and Android devices. Storing the budget file in DropBox allowed synchronization between the desktop and mobile applications. Version 4 was maintained through 2016, and the company ended support for Version 4 in October 2019.

YNAB 3 (released December 2009) ran on multiple platforms using the Adobe AIR runtime,[5] and previous versions included a Microsoft Excel/OpenOffice.org Calc spreadsheet implementation (dubbed YNAB Basic and discontinued in July 2009) and a Windows-only executable under the name YNAB Pro (discontinued in December 2009).

YNAB for iPhone was released in 2010 and runs on the iPhone, iPod touch, and iPad. It is not a standalone budgeting application but is instead designed to complement the YNAB for Desktop application. A version tailored for iPad and including budgeting support was released in 2014.[6][7] YNAB for Android was released in September 2011.

See also

References
  1. "Most Popular Personal Finance Software: YNAB". Lifehacker. Gawker Media. Retrieved 27 December 2013.
  2. "Our App Lineup". You Need A Budget. You Need A Budget. Retrieved 26 August 2020.
  3. "YNAB: The Book". You Need A Budget. You Need A Budget. Retrieved 26 August 2020.
  4. "The New YNAB is Here". You Need A Budget website. You Need A Budget. Retrieved 2 January 2016.
  5. "You Need A Budget for Mac". Macworld. IDG Consumer & SMB. Retrieved 27 December 2013.
  6. Compton, Shannah L. (2014-12-10). "4 Must Have Money Saving Apps for 2015". Huffington Post. Retrieved 2018-02-23.
  7. "YNAB for iPad is here".
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