YNAB: Budgeting & Finance
Many people agree that if you want to have more control over your finances, you need to start making a budget. Now, that’s usually easier said than done, but you can get a healthy start with an app like YNAB.
YNAB, which stands for “You Need a Budget,” is one of the best budgeting apps you’ll find on the App Store. What makes it so great is how easy it is to prepare you for future expenses you probably haven’t even thought of.
This app focuses on zero-based budgeting, which means you grab your income and assign it to different categories until you have no more money to assign. YNAB calls this “giving every dollar a job.”
You can create as many categories as you want, and the app will also suggest specific categories, like car payments or payments that you only do once every couple of months. By saving money each month, making a large quarterly or yearly payment won’t feel as bad.
Then, instead of manually entering all your expenses, you can link your bank account to YNAB so the app registers all your transactions automatically.
Besides categories, the app also features reports to control where your money is going, show you what your current net worth looks like, and help you get your credit cards paid off — and keep them that way.