Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.

YNAB Review

Sunday, April 21st

2024 Personal Finance Software Reviews

YNAB Review 3 Star Rating


3 Star Rating
  • Costs $14.99 monthly or $99 per year
  • Includes budgeting, bills, international transactions, and payments
  • 34-day free trial
  • Mobile app and desktop option
  • Designed for multiple platforms
  • High ratings for mobile app

YNAB, or You Need a Budget, adopts a unique approach to personal finance. This online financial tool operates on the principle that every dollar you anticipate earning should have a designated purpose, whether for spending or saving.

Automatically imports transactions

YNAB links to your financial accounts, importing balances and transactions directly into your budget. This gives you real-time insights into your financial situation. While YNAB might have somewhat of a learning curve, it offers a wealth of educational resources, including tutorials and philosophical guidance, to assist users in mastering its distinctive method.

Unique budgeting but a steep learning curve

YNAB sets itself apart from the crowd with a unique and dynamic budgeting system. Unlike most budgeting apps, it doesn't solely involve allocating predetermined amounts to spending categories. Instead, it operates as a "living budget" that adapts as the month progresses. However, navigating its distinct system might not be intuitive from the start, so you might have trouble from the get-go even if you've used other personal financial software in the past.

Known for its collaborations

YNAB collaborates with various bank connection providers, including Plaid. YNAB offers the flexibility to switch to a different provider if you're dissatisfied with the one you initially chose, a feature not commonly found in personal finance services. Once you've linked your accounts, YNAB guides you through the setup, which is the most user-friendly part of the software. However, unlike some other financial platforms, YNAB doesn't automatically categorize transactions, which could be frustrating if you want help with keeping track of different expenses.

Best Personal Finance Software

Pricey, but competitive trial period

YNAB is available for $14.99 monthly or $99 annually, which stands out as being much more expensive than other options we evaluated. YNAB offers a generous 34-day free trial, extending beyond the typical month-long trial period. This way, you have a few extra days to cancel the membership if you decide you don't want one. The best part is there's no need to provide credit card information during the trial sign-up.

Extremely popular with reviewers

In some respects, YNAB doesn't have a top-tier reputation. The company only holds a "C+" rating from the Better Business Bureau. However, when we checked out the reviews for YNAB through the mobile app stores, the company had a much better reputation. At Google Play YNAB shows a 4.7-star average out of 5, and from the Apple store the software has an impressive 4.8 stars out of 5, and this is with tens of thousands of individual reviews to back up the ratings. Customers particularly praised the budgeting features of YNAB with one review calling it "using budgeting as a GPS" for your finances.

Mid-tier due to high prices

At the end of the day, YNAB is a solid option for budgeting software but it has a steep learning curve, which makes it harder for customers to get into the groove with YNAB than with other personal finance software. On top of that, YNAB stands out for being much more expensive than its competitors without offering any clear ideas as to why the price is so high. However, a 34-day free trial and rave reviews for the mobile version balance out some of the negative aspects. At the end of the day, YNAB gets a middle-ground rating as it has some standout options for those looking for budgeting software. But, its drawbacks balance out the positives, keeping YNAB from being a top contender for personal finance management.

What is the Best Personal Finance Software Out There Today?

Are you eager to explore the world of personal finance software to get more control over you cash and spending? Are you feeling frustrated with your current financial management tools? Whether you're a seasoned investor looking for advanced features or a financial novice ready to embark on the path to financial security, selecting the right personal finance software is a crucial decision for your financial well-being.

One of the most significant advantages of personal finance software is its ability to help you grow your assets. But in a world filled with software options, picking out the best program to help you with budgeting, investment, and financial planning can seem like an overwhelming task.

The Best Personal Finance Software Compare Personal Finance Software Compare Personal Finance Software Reviews What are the best Personal Finance Software Best Personal Finance Software Reviews

Personal Finance Software FAQ

Personal Finance Software is a powerful tool designed to help you manage your finances with ease and efficiency. It offers various features and functionalities to track your income, expenses, savings, and investments, all from the comfort of your computer or mobile device.
Personal Finance Software provides numerous advantages for managing your financial well-being. First, you can gain a comprehensive overview of your financial situation, making it easier to budget and set financial goals. Plus, this software offers insights into your spending habits, helping you identify areas where you can save money. With features like automated transaction categorization and bill reminders, it simplifies financial management and reduces the risk of missed payments or helps you wipe out debt.
Security is a top priority for Personal Finance Software providers. They employ high levels of encryption and authentication protocols to safeguard your financial data. Furthermore, they often have data backup and recovery procedures in place so your information is protected even in the event of unforeseen circumstances.
Yes, most Personal Finance Software applications allow you to connect and sync your bank accounts, credit cards, and other financial institutions. This feature enables automatic transaction imports, making it convenient to track your income and expenses in one place.
Absolutely! Personal Finance Software is designed to help you create and manage budgets. You can set spending limits for various categories, track your progress, and receive alerts if you exceed your budget in any area.
Yes, most Personal Finance Software applications offer customizable reporting features. You can generate detailed financial reports, graphs, and charts to visualize your financial trends, track your net worth, and gain deeper insights into your financial health.
Yes, many Personal Finance Software applications offer mobile apps for both Android and iOS devices. These apps allow you to access your financial information on the go, making it convenient to check your finances, enter transactions, and stay on top of your financial goals from anywhere.
Personal Finance Software options vary, with some offering free versions with limited features and others requiring a one-time purchase or a subscription fee for access to advanced features and additional support.
Compare the Best Reviews

Continued from above...

Let's take a look at the basics. Personal finance software is a powerful tool designed to help individuals effectively manage their financial well-being. This software allows you to take more direct control of your finances, helping you chart a course towards your monetary goals. Unlike a simple spreadsheet or manual bookkeeping, personal finance software provides an automated solution for tracking your income, expenses, investments, and financial progress. This way, you don't need to stress about your different accounts and rest easy knowing you have control over every aspect of your financial portfolio.

As you consistently manage your money and investments using this software, you'll learn tips and tricks for making more money with less work, and the software will help you maintain your current accounts and investments so that you can increase your gains safely. Personal finance software not only assists in tracking your financial transactions but also offers insights, tools, and projections to optimize your budget, minimize debt, and maximize your savings.

There are a ton of personal finance software options available, but with so many possibilities it's important to find one that actually meets your financial needs. From basic budgeting tools to comprehensive financial suites, these software solutions offer a range of features and capabilities.

Budgeting software focuses on tracking daily expenses and income, helping you create a balanced budget. Investment tracking software allows you to monitor your investment portfolios and make informed decisions. Comprehensive financial suites often combine budgeting, investment tracking, and financial planning tools for a holistic financial management experience. Depending on what you're looking for, the personal finance software you choose might be very different from what another customer needs.

So, how do you go about choosing the right personal finance software? The decision can seem complicated, but we're here to make it simpler for you. Here are several essential factors that can help you narrow down your options:

  • Pricing. Consider the cost of personal finance software. Many software options offer free or basic versions, while others require a subscription or a one-time purchase. Evaluating the pricing structures helps you determine which software aligns with your budget and provides value for your investment.
  • Features and tools. Understand the features and tools available within the software. Does it offer budgeting, investment tracking, or financial planning features? The breadth of tools helps you be sure that your software choice adequately covers your financial objectives.
  • User experience. Check out the user-friendliness and intuitiveness of the software's interface. An easy-to-use interface can keep you engaged, motivated, and in control of your finances.
  • Customer support. And, if you're still not sure, check out the user ratings and reputation of the company and its customer support. Reliable customer service is essential when you're entrusting your financial management to the software.

To make your quest for the ideal personal finance software simple, Top Consumer Reviews has reviewed and ranked the top services out there today. Our goal is to get you started on your financial journey with confidence and ease. So, with the stress taken out of deciding, you can turn your focus to what's really important: managing your finances, and your future, and maybe finally setting aside that fun money you deserve!

The Best Reviews of Personal Finance Software