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- #YOU NEED A BUDGET VS MINT FULL#
- #YOU NEED A BUDGET VS MINT SOFTWARE#
- #YOU NEED A BUDGET VS MINT PLUS#
- #YOU NEED A BUDGET VS MINT FREE#
AND, the beautiful thing is, that notification doesn't go away until you take care of the problem - this is key. If you turn on notifications on your phone, you will get notified for all new transactions AND when you've exceeded your budget in a category. For new transactions, YNAB defaults to the last budget category used for that vendor automatically, vendor names are auto filled, and when you need to balance a budget category, it doesn't require any calculations on your part. It has a beautiful interface and is quite easy to use. Pros - YNAB is an acronym for You Need a Budget. You can certainly make it work, but it allows you to be pretty hands off, which is generally a bad recipe for successful budgeting. It isn't easy to use and it's not very helpful for actual behavior change, unless you are one of the rare people who is willing to change their behavior solely based on new info. So, why use Mint? I think it's a solid app for tracking your finances and consolidating all of your transactions in one place for free, so that you can export them to do your own reporting. And finally, the notifications are strange - some notifications are just advertising, but the ones that let you know you've spent too much aren't enduring, so don't require any action on the user's part. Rollover from month to month is not a default and when you do turn it on for a category, the reporting becomes very confusing.
#YOU NEED A BUDGET VS MINT PLUS#
New transactions are mixed in with old transactions, so you have to sift through all of the old ones in order to tag new ones properly, plus it's hard to choose a category from the long list and many times the category won't stick for no apparent reason. Tagging transactions with budget categories is annoying. You can add new budget categories, but the default categories can't be deleted, so you end up with a huge list to scroll through. The interface is confusing and requires a lot of practice before you can navigate around well. Okay, let's talk about theĬons - There are many unfortunately. Not bad for an app that is entirely FREE. It also will let you export a subset of transactions based on a search filter.
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That said, Mint will allow you to export transactions into a spreadsheet so that you can do your own calculations and run your own reports. Mint then allows you to budget and categorize your transactions, but this is not really it's strong point. That not only cuts down on the work that you have to do, but it also ensures that you have accurate information. A couple of times a day, Mint syncs with all of your linked financial institutions and pulls in the most recent transactions, so you don't have to enter them in manually. And for free, Mint allows you to link your bank and credit card accounts so that you can automatically import your transactions for easy budgeting.
#YOU NEED A BUDGET VS MINT FREE#
Pros - Mint's largest redeeming characteristic is that it is FREE! You have deal with some annoying advertising blocks while viewing your budget and transactions, but free is free. In this first video, I'm just going to give an overview of the Pros and Cons of each budgeting app and why someone might want to use each one. I'll admit that I was surprised by what I found and perhaps you will be too. Because I am cheap, I haven't been super motivated to check out some of the other options that charge a monthly fee, but many of you asked for a comparison video, plus I volunteer as a financial mentor and I was interested in apps that would help some of my clients, so I checked a couple out.
#YOU NEED A BUDGET VS MINT SOFTWARE#
So, if you have seen any of my previous budgeting videos, you'll know that I am a long time Mint user, but that I have a fairly lengthy list of complaints about the software and its limitations. This is Lara Hammock from the Marble Jar channel and in today's video, I'm going to do an overview of the three most popular budgeting apps: Mint, YNAB, and EveryDollar.
#YOU NEED A BUDGET VS MINT FULL#
**** A full transcript can be found at ****
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Please subscribe and leave comments below! In this video, I'm going to do an overview of the three most popular budgeting apps: Mint, YNAB, and EveryDollar.