In the old YNAB, you'd log in to your bank account, download your transaction file, go back to YNAB, initiate the import, locate your downloaded transaction file, preview the import, make sure it was going to land in the right account, and then click the import button. 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. Investor Junkie does attempt to take a reasonable and good faith approach to maintain objectivity towards providing referrals that are in the best interest of readers. Learn how each app works and find out which is best for your needs. 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 built upon the old fashioned concept of making a monthly budget, setting goals, and then beating yourself into submission with guilt as … Ynab. However, Mint is completely free. The information on Investor Junkie could be different from what you find when visiting a third-party website. Not only does Mint seem to have a lot of disruptive issues, they seem to have a bad reputation for not fixing the synchronization issues in a timely fashion. There is a 34-day free trial, and then you can be billed monthly at $11.99/month or pay for a full year at $84. You can use both services to track your spending, savings, and debt amounts, among other things. ALL RIGHTS RESERVEDMILLENNIAL MONEY® IS A REGISTERED TRADEMARK OF MILLENNIAL MONEY LLC. Both companies also offer easy-to-use apps that keep you informed of your finances wherever life takes you. If you can’t find the answer to your question, you can either email the team or hit the chat button for online help. I feel you get a lot of bang for your buck with YNAB, and their customer support is outstanding. After downloading and syncing your transactions, Mint’s software automatically separates them into predefined categories. YNAB is a budgeting machine, and you’ll be hard pressed to find any other app better. YNAB is like a budgeting tool that stretches a mile deep while Mint is a personal finance tool that incorporates budgeting but is a mile wide featuring other financial tools too. Mint doesn’t even link to as many sites as BoA’s does. At the time of this writing, YNAB is offering a 34-day free trial to new customers. Mint, on the other hand, is a 100% free budgeting software. Both software platforms allow you to link your accounts (bank, credit cards, loans, etc.) So how do YNAB and Mint compare? Mint and YNAB are the best. YNAB vs. Mint: Which Budgeting App is Better? Both YNAB and Mint offer online training videos and tutorials that make learning quick and easy. I have been using YNAB since 2016. Changes made to your account on any device (smartphone, desktop, tablet, laptop) automatically carry over to other devices you’re using. Every Dollar too has tight security but not as effective as YNAB and Mint. Both platforms provide automatic synchronization of your bank, credit card and loan accounts with many financial institutions. Error in the differences listed above. Mint vs. YNAB: Customer Service You would think that both Mint and YNAB have the same or similar customer service options, but this isn’t so. For more information, please read our. I’ve tried several others, but most have additional fees associated with downloading your account information, as well as either monthly or annual fees. All products are presented without warranty. The service team when troubleshooting simply copies and pastes standard answers they have no clue what they are even sending. While Quicken used to be Intuit’s lead product, Mint has become their sole focus since announcing the sale of Quicken. Mint and YNAB can both be beneficial services. Security is an important issue to anyone using an online budgeting app since your entire financial life could be exposed. Worth every penny. For a paid service I’d expect better service. There are countless budgeting apps out there but three constantly pop up in conversation — You Need a Budget (YNAB), Mint, and Personal Capital. 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. Best for: People who want to set it and forget it. Finally, Mint vs YNAB, Who Wins? YNAB isn’t showing you the whole pic if you have other assets than bank accounts. Key site security measures include: We believe two-factor authentication is more secure than a password alone and would choose Mint over YNAB when considering security protection. 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. Keep reading to learn more about where each product shines and also where they fall short. I’ll correct that error in the comparison. You can even integrate YNAB with your Amazon Echo device. Can’t beat that. Mint is a personal budgeting and financial tracking service. But for me this is a huge deal-breaker since the amount of money in that account changes a lot each day. Age Your Money. Both Mint.com and the YNAB app are designed to make budgeting painless and effective. After all, it would be counterproductive to sign up for both services; the entire purpose of an online budgeting tool is to reduce the number of accounts you have to log in to. With the latest edition, YNAB has been rebuilt from the ground up. Also, I made four other transactions with this credit card the day before yesterday and these still have not imported, though they all have with Mint. Mint and YNAB are two of the most poplular budgeting apps on the market today. I am not sure about investment accounts though. If you can ever get your bank and credit cards to link, Mint makes this super easy, then there is no place to manage them. We compare YNAB vs. Mint in a head to head comparison that you can use to decide if mint is the one for you. You’ll find that help in the user forums on both Mint and YNAB. Ruth holds an MS in Finance from Johns Hopkins Carey School of Business (1991) and a Business Management degree from University of Maryland (1984). It’s easy to sign up for alerts to be sent via email or directly to your smartphone for: YNAB (see our review) is an app that provides both the mechanics of monitoring your income and expenses and instructional support to help you deal with the root causes of financial distress. As I’m chatting with strangers in the grocery store, as I meander up and down the aisles, sticking to the outside to keep things healthy, sometimes, I end up talking about what I do. As you might expect from a service that’s run by a billion-dollar company, Mint offers more services and features than YNAB does. The mobile and online versions, once the transactions are flowing into them, are easy to manage. YNAB is built on getting one month ahead with your finances. You avoid the ads because it’s a paid service. Mint is 100% free to use. Just wanted to get people's input as to your opinions on Mint.com vs. YNAB. YNAB is budgets, Personal Capital is investments and retirement planning, and Mint gives you a broad overview of where your finances are at. Mint has more financial tools than YNAB. and import transactions automatically, synchronizing your entire financial picture in one place. While the purpose of the tools is similar, there are some differences in terms of how they tackle budgeting. Reviews: You Need a Budget vs Mint vs Personal Capital. YNAB is most commonly accessed via its powerful apps, which are highly rated, with a near-perfect 4.8 stars (out of 5) in the App Store. Here are the main features that YNAB offers: Mint’s spending and budgeting tools are available through an online account. So each month I found myself changing the categories around. YNAB or Mint: Pricing. Now, with the new YNAB, you no longer need to manually enter your transactions to make sure you've captured all of them in YNAB. Mint also sells anonymized customer data to third parties. I've used Mint.com off an on for a 3-4 years, but quit when my finances weren't as dire. Response to my specific inquiry from Mint was slow. YNAB is better for someone willing to invest time and energy into detailed budgeting, while Mint is … You can also read our recent comparison of EveryDollar vs Mint for more considerations when it comes to budgeting tools. Roll with The Punches YNAB does prominently show a user’s net worth. Both services are versatile enough for any budgeter to stop over-drafting, set up a systematic way to pay off credit card debt, set up savings, and manage spending. YNAB has done a great job of moving all its functionality online without bugs or disruptions to existing users. I made four separate transactions with my credit card. If you have a goal of trying to improve your credit score, getting out of debt will be one of the main ways you'll accomplish that goal. Both apps are very user-friendly when you’re on the go. Bonus: Mint helps you keep track of your net worth. 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. Additionally, everybody can benefit from the help and support that comes from regular interaction with others in similar circumstances. Mint vs. YNAB – Which Budgeting App Is Better? As account aggregators, both do a fine job of allowing you to see all of your financial accounts at once. It’s basic function as a budget app doesn’t even function. It’s one less thing to worry about. It comes down to what you are looking for in a budgeting app. Mint also offers value estimations of property, while YNAB does not. Go read the ynab subreddit and reviews. If you need less guidance and just want to track your budget, my best recommendation is Mint. We used mint for years, and recently stopped. 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. I will never in a million years touch that software again! Quicken costs money, and Mint is free. So when comparing YNAB vs Mint, which one wins? No means to properly track. We analyze and compare tools to help you make the best decisions for your personal financial situation. The Mint app was started in 2006 and was acquired by Intuit in 2009. Of course better customer service might be expected from a paid service than a free one. Once set up, Mint will remember repeating transactions so it will automatically match the same category in the future. They are different, if Mint works better for you, great :) Which is better and why? We know that managing finances is not easy. Staff members do not have access to customer data unless requested by the customer or required by law. (This is one of the highest app ratings I have seen to date!) I also choose YNAB. This is an ongoing complaint among users; you can feel their frustration when you read their comments on synchronization on Mint’s forums. YNAB has an up-front cost because otherwise we couldn't afford to work on it. Spotty customer service seems to be a recurring experience of users who post on their website forum. There’s no charge to use it. Start your 34-day free trial with YNAB here. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Things like: consumer spending, the average credit card balance, how many retirement accounts a user might have, etc. The accounts are displayed anonymously(citicards 1/2 linked). Mint user needs multiple authentications to get access to your account. In 2009, Intuit acquired Mint for $170 million. YNAB has a stellar onboarding process and support, while Mint is DIY. 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