YNAB (You Need A Budget) is a popular program that offers income and expense monitoring tools as well as instructional support. The budgeting service is a subscription-based web and mobile app that can sync with your bank accounts. You can try out the service with a free 34-day trial and see if you like it before committing.
(Visit YNAB to learn more)
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YNAB Referral Program
As a YNAB subscriber, you receive a unique referral link to share with your friends. When your friends subscribe through your link, you both get a free month of YNAB.
- Simply check your “Share YNAB, Get YNAB” page link in the sidebar to see your link
- When friends use your link to sign up for a free trial, they show up on your Referral Dashboard, where you can track your additional free time.
- Remember, you only qualify for free time if your friends subscribe after their free trial.
See the referral program page here.
How YNAB Works
YNAB’s game plan is founded on four basic principles. These principles work together in order to help you get out of debt and gain financial freedom.
1. Give Every Dollar a Job
The money in your budget should have a specific purpose such as paying your rent, buying work clothes or funding your retirement. Instead of spending as you wish, this rule forces you to have more discipline and purpose in your spending.
2. Embrace Your True Expenses
Plan for large, less frequent expenses by allocating funds to pay them on a monthly basis. This includes putting aside money for insurance premiums, vacations and birthday expenses. Continually budgeting these expenses, will keep you from digging yourself in a big hole.
3. Roll With the Punches
Planning can only do so much. There are times when things come up that will mess up your budget. YNAB allows you make changes and easily move money from a budgeted category to cover surprise unbudgeted spending. This helps you bounce back from any surprises that may come along.
4. Age Your Money
Ideally, your spending for this month will be covered by last month’s income. However, this is not such an easy thing to do. Timing your bills with your paychecks will help prevent stressing over money and from going over your financial edge.
YNAB Features
YNAB Pricing
There is a free 34-day trial for YNAB so that you can test out their services before committing. Once the trial period end, the service is $11.99 per month or $84 a year. According to the company, “On average, new budgeters save $600 by month two and more than $6,000 the first year!” If that’s true, then paying the annual fee is more than worth it!
In addition to the free trial, YNAB offers a no-risk, 100% money-back guarantee. If at any point, you feel like you don’t have more control of your money with YNAB, the company will give you a full refund. No questions asked.
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Bottom Line
YNAB is effective and easy to use whether you’re a beginner or an experienced professional. The app is one of the most popular and credible platforms in the market. You get a bird’s eye view of your budgeting process and overall finances, keeping you on top of your spending.
If you’re looking to test out their services then be sure to use the free 34-day trial in order t get comfortable with the platform before committing.
(Visit YNAB to learn more)
An alternative to YNAB is Ellevest, which is a robo-advisor that creates and manages personalized investment portfolios. Interested in more Brokerage Promotions like this? Check them out here on HMB!
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