![]() While it’s not an accounting package per se, it certainly has value depending, of course, on whether you want to pay for the privilege of using it. We’re also pleased to see the ability for US, along with Canadian users to be able to import data from their banks. You Need a Budget’s creators seek to underline its high-grade encryption methods that protect your sensitive financial information once you’ve added it to their servers, as you would expect. Indeed, there are aspects of the app edition that make it rather more preferable to the desktop model. We are particularly smitten with the app version of the service, which gives you freedom of use no matter where you might be and emulates the desktop edition perfectly. Overall this is a solid cloud-based software solution that should help you get on top of your finances. You Need A Budget is a tool to help you gain total control of your money, living paycheck to paycheck, get out of debt, and save more money. if you can spend less money on some things and more money on other things. But YNAB claims that its new budgeters average 600 savings over the first two. You Need a Budget (opens in new tab) continues to improve with each successive release. A budget helps you decide: what you must spend your money on. If one’s financial outcome with either apps were equal, then clearly Mint would be the more economical choice. All in all then we’d like to see this beefed up in future iterations. While email support is okay, it’s not quite the same, although another alternative is to consult the forums.Īgain though you're not always guaranteed the information you get is going to be 100% reliable. There is a step-by-step guide and FAQs, which should answer many of your queries, but it would always be a bonus to be able to contact a real person for those more unusual requests. There’s no phone support, which considering this is a paid-for service leaves You Need a Budget sorely lacking. This is even more of a point when you consider the ongoing subscription charge for using the service. The area of support has to currently be one of You Need a Budget’s weakest areas and could do with some improvement. If you’re confused about whether something is a need or a want, simply ask yourself, “Could I live without this?” If the answer is yes, that’s probably a want.The lack of real people support is something of a negative however (Image credit: You Need a Budget) Support It simply means being more conscious about your money by finding areas in your budget where you’re needlessly overspending. And if you discover that you’re spending too much on your wants, it’s worth thinking about which of those you could cut back on.Īs a side note, following the 50/30/20 rule doesn’t mean not being able to enjoy your life. Using the same example as above, if your monthly after-tax income is €2000, you can spend €600 for your wants. Entertainment subscriptions (Netflix, HBO, Amazon Prime).Personal Capital: Best budgeting app for investors. ![]() Mint: Best budgeting app for tracking a wide array of accounts. Wants are defined as non-essential expenses-things that you choose to spend your money on, although you could live without them if you had to. You Need a Budget: Best budgeting app overall. With 50% of your after-tax income taking care of your most basic needs, 30% of your after-tax income can be used to cover your wants.
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