Having a tool to help you only makes the process easier.
One such tool really spells it out directly:You Need A Budget.
Seriously, thats the name of the budgeting app.
Feeling overwhelmed? Create a budget that works for you with ourbudgeting bootcamp!
The cool kids call it YNAB (why-nab) for short.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
What Is YNAB?
To plan for large, infrequent expenses by saving a little each month essentially setting upsinking funds.
To embrace flexibility when you overspend or something happens that causes you to go over budget.
To pay this months bills and expenses using money earned at least a month ago.
YNAB also keeps you on track of upcoming bills so you dont encounter late fees.
How Does YNAB Work?
There is, however, a cost tosign up.
If youre a college student, that free trial is extended for a whole year.
If youre not satisfied with your experience after paying for the app, YNAB will refund your money.
you could also import account information using the desktop version.
Alternatively, you’re able to choose to type your information manually.
YNAB usesa variety of security measuresto keep all your data safe.
YNAB also stands apart from other financial tools in that its more than just an app.
you’re free to increase your financial literacy by tuning into the podcast or reading the book.
YNAB has a 4.2 rating from reviewers onGoogle Playand a 4.8 rating from reviewers on theApp Store.
Still looking for the perfect app?
Heres our roundup of thebest expense tracking apps.
One of the drawbacks with this app, however, is the price.
A free budgeting app, likeMintorPersonal Capital, can be more attractive.
Another disadvantage: You cant link or import information from bank accounts outside of the United States or Canada.
Who Is YNAB For?
If youre a fan of other aspects of the YNAB brand, youll probably enjoy the YNAB app.
Nicole Dow is a senior writer at The Penny Hoarder.
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
