However, I will probably still use Mint for tracking retirement accounts unless some part of YNAB finally "clicks" for tracking those. In the future I can very easily see myself never checking my bank accounts unless I need to make sure the correct amounts are reflected in my YNAB budget. I pretty much had the exact same experience, and once it "clicked" I basically stopped looking at my bank accounts to decide if I could make large purchases and instead looked at my budget. I read a lot of YNAB users saying it took weeks for YNAB to "click" in their mind, but once it did it made so much sense and became a powerful and easy to use tool. The biggest problem I found with YNAB is that its processes often don't make sense at first and holy hell can it be frustrating when you first start using it. It shows you your financial future and then gives you the tools to plan around that predicted future, while forcing you to adjust the budget when something unpredictable happens. YNAB's strength really comes from the fact that it only let's you budget the money you currently have, and it shows you what money has already been "spent" even though it's still in your bank account.
YNAB can also be used for tracking overall net worth but I have not been a huge fan of using it to track investment accounts. Mint will let you set a budget, and let you know if you're off track, but you're basically on your own for managing it.
YNAB steers users away from relying on traditional budgeting buckets and instead recommends building a budget based on individual income, giving every dollar a job in your budget. For example, Mint lets you know when you've overspent in a category, but it doesn't do much to let you know how that is going to affect you down the line, and it doesn't have much of a process adjusting your budget and understanding the larger consequences. Overview of You Need A Budget (YNAB) Compared to other budgeting apps on the market, You Need A Budget (YNAB) has a unique approach. I used Mint for budgeting for several years and it definitely can be used for this, but it has some weaknesses that only came to light after I used YNAB for about six weeks. It's also great for tracking things like investments or overall credit card debt. Mint is great for tracking net worth and letting you know where your money has gone. My bottom line assessment can be summed up this way, Mint shows you the present and the past while YNAB shows you the future, and seeing the future can be incredibly powerful when trying to budget. I would also love to hear about any other budgeting software or tools that I should check out next. This is a summary of what I've taken away from both tools when compared to each other.
I've used Mint for probably a decade now, but started using YNAB a few months ago.
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