Mint also offers several tools and features beyond purely budgeting. And if you need to update your budget, the app will automatically update your future spending limits, so you don’t go over what you’ve allotted for particular expenses. Since Mint pulls data from various sources (like bank accounts), it’s easy to see all your transactions in one place. With Mint, you can create sub-categories within your budget to help track spending more closely. It is what allows them to excel at what they do, which is budgeting in its purest form. If you prefer a budgeting app that forgoes extra features, YNAB clearly takes a bare-bones approach. That can be helpful for people who want a clear overview of their accounts and don’t mind a relative lack of specificity. Instead, the focus is on showing how much money is left in each category rather than breaking things down into smaller parts. YNAB allows you to set savings goals and specific categories where money can be allocated, but there aren’t any sub-categories. The goal is to make your money work for you by giving every dollar a “job”-things like rent, car payments, groceries, and investments. YNAB follows the “Zero-Based Budgeting” approach, which means it helps you create budgets that allocate 100% of your income to expenses, savings, and investments each month. To help you decide which budgeting app is best for you, we’ll be going through the differences between the two apps. Both Mint and YNAB offer budgeting tools that are easy to use, but the functionality of each app is slightly different. What we’re interested in are the differences, though.
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