I would say that YNAB’s platform is a little easier to use and understand. Founded in 2007, Mint is a budgeting tool that was acquired by Intuit, the same company behind similar financial solutions like TurboTax and QuickBooks. And then you'd repeat that process for all of your accounts. Budgeting methods. You might be wondering how they make money. So, even though Mint is free, YNAB’s $11.99 a month fee may very well be worth it for glitch-free synchronization and responsive customer support. You can even integrate YNAB with your Amazon Echo device. It has a cult following for a reason. With the latest edition, YNAB has been rebuilt from the ground up. I have tried Mint, and several others with not help with my budget as most budgeting software tracks spending at best. Age Your Money. In the matchup between YNAB vs. Mint, which app takes home gold? Mint keeps an eye on your money so you don’t have to. You’ll find that help in the user forums on both Mint and YNAB. Two-factor authentication: In addition to password protection, Mint won’t let you access your account until you validate the device you’re using either via the email address you used when you signed up or by a SMS text message to your cellphone. Their interfaces and features are pretty similar. There is a learning curve but they have plenty of training videos to help around. YNAB stands for “You Need a Budget.” The company was founded in 2004 by a husband-and-wife team Julie and Jesse. Mint vs. YNAB – Which Budgeting App Is Better? Both websites can aid in budgeting. If you need less guidance and just want to track your budget, my best recommendation is Mint. Spotty customer service seems to be a recurring experience of users who post on their website forum. To get started using it, all you have to do is sign up for an account and add your banking, credit card and investment account information. Mint is a personal budgeting and financial tracking service. For example, a category of entertainment says we spent $200 for the year (I knew that was wrong! I would say that both companies, more or less, tie when it comes to the customer support category. Worth every penny. Of course better customer service might be expected from a paid service than a free one. Instead, you click the “Import” button at the top of your account. We use mint. If you decide to pay for the service annually, it works out to $7/month, which is a much better deal. If there’s a difference between the two, it’s that Mint is very hands off. YNAB and Mint both offer very secure mobile apps and web platforms. Both, in fact, are excellent budgeting apps and comparable to each other in most ways. You don’t have to be a paying customer — or even signed up for the free trial — to take the class. Investor Junkie strives to keep its information accurate and up to date. Finally, Mint vs YNAB, Who Wins? Ynab. Best for: Personal finance newbies. Both apps are very user-friendly when you’re on the go. When you terminate your account, your data is wiped clean from the database. Changes made to your account on any device (smartphone, desktop, tablet, laptop) automatically carry over to other devices you’re using. Disenfranchised with the high cost and lackluster performance of her IRA, college savings and other retirement accounts handled by a full-service broker, Ruth moved her retirement money to a self-directed IRA in 2015. However, Mint is completely free. Ruth holds an MS in Finance from Johns Hopkins Carey School of Business (1991) and a Business Management degree from University of Maryland (1984). All products are presented without warranty. I am not sure about investment accounts though. Best for: People who want to set it and forget it. Both provide a program that lets you know exactly where you are spending money in an easy-to-understand graphical format. If you are serious about budgeting, you can’t go wrong with either one. At initial setup, you can add all your accounts in a pretty seamless download process. For example , when you set the category for mortgage on your mortgage payment, the next month it recategorized it again to something else. YNAB vs. Mint: The Budgeting App Showdown. We know that managing finances is not easy. Founded in 2006, the company was acquired by Intuit in 2009. Thanks! At the time of this writing, YNAB is offering a 34-day free trial to new customers. Mint and YNAB are two of the most poplular budgeting apps on the market today. The data is collected anonymously and does not reference back to any individual user. So, even though Mint is free, YNAB’s $11.99 a month fee may very well be worth it for glitch-free synchronization and responsive customer support. You can also download the Mint app, which is rated at 4.7 stars (out of 5) in the App Store. YNAB is built on getting one month ahead with your finances. Mint is free to use, and there are no hidden fees. Mint (see our review) is a free online personal finance service similar to Quicken, but without any software to install. Your email address will not be published. YNAB enabled me to see the day to day choices I was making and it opened my eyes. Data is encrypted, so it can’t be read even if the hard drives were stolen. I will never in a million years touch that software again! You avoid the ads because it’s a paid service. YNAB vs. “Set It and Forget It” Personal Finance Apps There is a very good chance that, if you are reading this, you feel like you don’t have a handle on your finances, you are stressed about money, or need help digging out of debt. Mint also sells the aggregate (not your individual) financial data to various providers. YNAB’s last version was YNAB 4, which was a desktop-based application. YNAB offers email support with the promise that you’ll receive a reply from a real person within 24 hours of sending your question or concern. Track your budget automatically, completely free, but you don't get the same philosophy and guidance as YNAB. marquette carney Mint, on the other hand, is a 100% free budgeting software. Both Mint.com and the YNAB app are designed to make budgeting painless and effective. Mint. Investor Junkie is your shortcut to financial freedom. Mint is built upon the old fashioned concept of making a monthly budget, setting goals, and then beating yourself into submission with guilt as … The platform incorporates all of your financial accounts — bank, investment, credit cards, and loans — into one place and provides a big-picture view of your entire financial situation. When you click on the support button on Mint’s website, there is a list of common questions and issues you can scroll through to help yourself. We compare YNAB vs. Mint in a head to head comparison that you can use to decide if mint is the one for you. Mint, on the other hand, is nice enough, but it really doesn’t provide much more information than Bank of America’s website “My Portfolio” functionality. It’s in the accounts section. I would say that YNAB is probably worth the cost for most people. YNAB is budgets, Personal Capital is investments and retirement planning, and Mint gives you a broad overview of where your finances are at. Mint will then automatically populate this data into your account so you can have a full understanding of your financial picture—all in one place. Your email address will not be published. I feel you get a lot of bang for your buck with YNAB, and their customer support is outstanding. Your email address will not be published. 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