![]() ![]() As you mentioned, Mint can budget annual expenses, but YNAB will help you break this into monthly payments so that you're not budgeting only for monthly expenses and then come December, you have this huge annual bill for something you forgot to take into account. The video seems to cover some pretty important topics. The budget section of Mint is minimal, whereas this is the sole purpose of YNAB. I've not experience with YNAB, but I believe a problem may be that Mint oversimplifies things and it's based on past data.Įverything is in pie charts and bar charts, so if you overspend in entertainment, you'll just say "oh, well I still have $x left over in clothing, so I'll be okay" which creates a sort of reactive mindset towards spending: spend, then adjust your expenses going forward if you messed something up.Īnd to get super simplified, some people might just login to Mint, glance at the home page, see that their cash bar is still green, and assume they are good to go. You don't even have evidence that they're doing worse than you in their financial lives, they're just keeping track in a different way. Nobody's perfect, and the same reason you use your short/long term memory to keep track of your money is the same reason these people downloaded an app. I can guarantee you-however high and mighty you might be-that there are certain excesses in your budget, certain tax inefficiencies, certain opportunity costs, and certain bad financial decisions in your life. ![]() People who are dumb enough to do that are not the ones in this forum, budgeting, getting apps to get better at managing their money. I've never looked at my balance and thought "I have $2000 sitting in there, lets go buy a new TV because. Why does this make you angry? People who have low financial self-control use this thing to save money, and you're angry about that? That's kind of weird. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests. ![]()
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