I must admit, I have a spot in my financial heart for YNAB since I have been using it for years. This is my main money management software that I track my budget, bank accounts, net worth, and more.  Since I use this software daily, I wanted to write an YNAB Review. This post does contain affiliate links.

What is YNAB?

YNAB stands for You Need a Budget. YNAB was launched in 2004 as desktop money management software, now they have a web application that can be accessed from anywhere. This software has:

• Bank Syncing
• Mobile Apps
• Debt Pay Down Tracking
• Goal Tracking,
• Net Worth Tracking
• Spending vs Income Comparison
• And more

Budgeting with YNAB

Each month, I add my family’s budget into YNAB. This is where I can customize categories and enter amounts. It’s pretty straight forward. No magic, just make a balanced budget.

When you budget with YNAB, you are able to give every dollar a job and you will know where every dollar is going. They have added a new function where you can link your bank accounts. This will save lots of time when reconciling accounts.

Want a YNAB membership discount? Click here.

Tracking Goals with YNAB

This is my favorite feature about YNAB. You can track your financial goals with YNAB. Planning a vacation to Disney? Saving for a down payment on a house? You can track these goals and more in YNAB.

Tracking will let you know if you are on track to reach your goals or if you are behind. If you are behind on your goal, don’t worry, YNAB will let you know how much you need to save in order to reach that goal in time.

Learn more about YNAB.

What’s YNAB Missing?

• Bank connections are not perfect. They must be updated quite often.
• Lack of investment support. Tracking retirement or other investment accounts are managed just like any other bank account.

That concludes my YNAB review. What money management software do you use?

If you are interested in learning more about YNAB, check them out here.