• Bart Claeys, almost 9 years ago

    I would rather spend my time analyzing charts than manually entering transactions. Maybe works if you don't have many transactions. Plus because you very likely miss a lot of transactions (bank fees, international transaction fees, auto-charges), the conclusions this app is drawing cannot be 100% accurate.

    0 points
    • Brennan Smith, almost 9 years ago

      This is where rule 3 comes into play with their method. http://www.youneedabudget.com/method/rule-three

      2 points
    • Joe BarberJoe Barber, almost 9 years ago

      Firstly, how much time do you really spend analyzing those charts??

      Secondly, with YNAB you reconcile with your bank account every month (I do it every two weeks) to ensure it's staying accurate. I have a SHIT TON of transactions, and nothing has ever helped me as much as YNAB. The bottom line is really that managing your money well takes work. By inputing a transaction every time I buy something, I'm keeping my budget at the forefront of my mind instead of just spending until I get a warning from my app that I've overspent (or almost over spent). Is it slightly annoying to reconcile every two weeks? Yes. But that ~1 hour every two weeks is well worth the confidence I've gained in always knowing exactly how much money I have and what it's being used for.

      1 point