10/27/2022 0 Comments Money manager ex vs ynabIt has an well integrated free app on android. You won't appreciate this until you got something major to change, so trust me on this one.Ĥ. Changing something automatically changes everything from the past to this moment. If you make a fatal mistake, you can return to the last autosaved place. Ability to change things easily and keeps backup on dropbox The reports generated are also very good, if you're into this sort of thing. Very clean and nice graphical user interfaceĬlean and nice. Saves me a hell lot of time for this little function.Ģ. If your actual statements and the one you had in YNAB differs even by a cent, it'll alert you and you can do the necessary checking. Extremely easy to check and reconcile accounts. In summary, here's what I like about YNAB:ġ. Nice pie chart showing you the different categories of expenses according to timeline that you set I can, of course, combine them, but again, it's the ease of use in YNAB that blows me off. This is something that I can't do easily since I divided my expenses spreadsheet physically year by year. I can compare data across the years, the past 3 months, this month and the year to date. If I need to see my income vs expenses, there's another tab to click to see it too. Straightway, I can see my networth displayed with superbly clean charts and nicely tabulated figures. I keyed in all my accounts in YNAB, including all the marked to market value of my various investment portfolio, insurance cash value, and all the shitloads of debts that I owed HDB. The YNAB app on mobile phones makes it very easy to key in transactions and it auto syncs. Though I'm not expecting much major changes going forward, it's still a nice feature to have knowing that any new way to partitioning your personal wealth is easily down with a click of a few buttons. But for now, I just have to key in the new changes, and everything else is taken care of. In the past, using spreadsheet, I've to comb though the worksheets of the previous months carefully. During the past one month of using the software, I had to do some major changes to my account. One of the good things I like about YNAB is that because it's all programmed nicely, it's exceedingly easier to change things and make sure that everything is still tallied. But I always say we can do better, that's why I did a system overhaul by adopting this new software. I guess this would take some time to adjust because as mentioned, I've never done budgeting before and I already knew roughly what my expenses are for different categories. #Money manager ex vs ynab softwareI realized that I'm using this software less like a budgeting software, but more like an accounting software, where all my transactions between accounts and cashflow in and out of accounts are recorded and kept track of. Nice clean interface makes you want to key in something! All the backup and data are placed in the dropbox, so you can start your YNAB budget from one of these autosaved points, which can be very handy in case something horrible happened that wiped out all your hard work in keeping tabs on your personal finance. The information between the app and the one in your computer can be synced using dropbox. #Money manager ex vs ynab androidThey also have a free android app (I checked, they have an app for iOS as well) that ties in very nicely with the software that is installed on your main computer. You decide, at the start of the month, how much each dollar you would give to different envelopes, like food, entertainment, handphone bills etc. The nice interface makes me want to do this forever, not that I'm lacking in motivation. Call me shallow, but between a system that works 100% but is ugly and a system that works 90% but is pretty, I'll go for the second one. Secondly, it's lacking a graphical interface. Firstly, it's hard to reconcile bank statements. But there's a few things about my system that I don't like. As you can see, I'm not so hot about changing a system that works for me and that I'm so comfortable in using.
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