IOS, Android, web browser, Apple Watch, Android watches, Alexa, Google Assistant With its more hands-off approach, Mint is very easy to set up by simply adding all of your financial accounts
Ynab 5 vs ynab 4 free#
Provides access to a free copy of your credit scoreĪdding your accounts is easy, but getting acclimated to the YNAB budgeting philosophy and process involves a learning curve
Reports in six categories: spending, income, net income, assets, debts, net worthĪllows you to plan as far into future months as you’d like Reports in three categories: spending, net worth, income vs. Mint enables you to regularly review all of your financial accounts, including enabling you to see exactly where you’re spending your money YNAB helps you proactively manage your money by prompting you to allocate every dollar of your income to expected expenses or savings for that month To make it easy for you to decide which platform is best for your needs, we carefully researched the features, ease of setup and use, compatibility, pricing, and more to lay out a head-to-head comparison of these two popular tools. Meanwhile, those who simply want to track where they’ve spent their money, as well as see a real-time snapshot of their total net worth in one place, might prefer Mint’s more straightforward approach. But as you’ll see, there are important differences in these two tools, including very different budgeting philosophies and pricing models.įor anyone feeling motivated to develop a strong new strategy to help them achieve financial goals such as getting out of debt, spending less, or simply saving more, YNAB offers not just an app, but a whole new way of thinking about what you can do with each dollar you earn. Both help consumers track all their expenses, categorize them by expense type, assess how much is going where, and decide allocations for the future. LTCi was SWAMPED with WA residents applying to opt-out of this new plan, and the prices reflect the demand.Two of the biggest players in the world of budgeting apps are Mint and YNAB, which stands for You Need A Budget. Long Term Care Insurance: $1344.44 annually (high cost due to my age and likelihood of me dropping the insurance after opting out of WA's new LTCi tax. Health Insurance: $16.61 (pretax, taken from paycheck)Ĥ01(k): $707.69 (pretax, taken from paycheck)Īfter Tax 401(k): $442.31 (taken from paycheck)Īmazon Prime: $131.02 every other year (my husband and I take turns paying this)
Hulu/Disney+: $15.42 in exchange for access to my bestie's Netflix account Mortgage: $1,500 every other month (we pay $1,500 and take turns.)Ĭar Payment: $760 (we each make a payment each month to pay it off faster)Ĭell Phone: Reimbursed by work (and my husband pays the rest)Įlectric: $71(water/sewer is included in our HOA)Ĭlimbing Gym Membership: $82.69 (including tax) I expect ~$2,100 from October-December when my contributions begin) Paycheck Amount (biweekly): $2,338.58 (this is before my HSA contribution kicks in. We met in school, so everything we've built is together, but I'm more frugal than he is and recognize that he would be very unhappy living at my level of frugality. My husband and I have separate finances, so his savings are separate from mine.
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