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You Need A Budget 4 Personal Finance Software (PC/Mac) EXPIRED

beamscout 140 March 22, 2013 at 11:22 AM in Finance (5) More Steam Deals
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Promoted 03-23-2013 at 06:00 AM View Original Post
Steam has You Need A Budget 4 (YNAB) Personal Finance Software for $20.40. Thanks beamscout

Price Research: Our research indicates that You Need A Budget (YNAB) is $44.50 lower (68% savings) than the next best available price from a reputable merchant with prices starting at $65. - yuugotserved

Original Post

UPDATE: Looks like the sale has been extended another 24 hours!

Popular budgeting software, You Need a Budget (or YNAB) is on sale for $20.40 for 24 hours on Steam.
http://store.steampowered.com/app/227320/

Read more about YNAB here:
http://www.youneedabudget.com/
Download Steam here:
http://store.steampowered.com/about/

Personally, I love the software. Along with the mobile app, its really helped me get my finances back on track.

Check out BTs4me's tips in the wiki for using the app without needing Steam.

171 Comments

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#151
Quote from TechieSooner View Post :
Good idea... My workaround was creating a one-time monthly budget to allocate that money into, but yours might work, too. My issue with that method is now I have a large sum of money as both an inflow AND an outflow, skewing reports.

My problem is these "starting balances" are shown as income for the month. So all of that money is seen as "income" for the month, well that will throw off their reporting tool averages because it's averaging my cash pile with my normal monthly income. I think it's an oversight on their part, but do you have any solution for that?
for the first part, why do you have both an inflow and outflow? My understanding of what you were describing is: say that you have 5000 dollars to start with and you want to set aside 1000 as a rainy day emergency fund that covers a few months of your expenses, now you do an off-budget account with 1000 to keep this 1000 away from being affected by the budget. If i understood correctly, then this means that the 1000 would be deducted/transferred from your original 5000, so in the end you should only see an outflow of 1000. When you generate a Net Worth report, you'll see that the 1000 is included, and you easily exclude it by deselecting in the report option. Then, let's say one day you need that 1000 bucks, you make another transfer, this time from the off budget rainy day back to your checking acct for 1000, and now you should have an inflow of 1000.

i think right now, this is an easier way to do the emergency fund if you already have a desired amt saved up for it. If not, then it's worthwhile doing it the YNAB way via their monthly budgeting Emergency Fund category so you save up towards it.

I agree that the income thing is a bit messed up, but I can see they made it this way b/c their approach is to forget the past and base the budget on the present. I actually used the workaround you suggested (inputing the starting balance as Feb and then start the budget on March). Your report would only look bad/weird for the first month or two.

Also, YNAB has a pretty good support base. I haven't had a chance to explore it yet, but i think the problems that we are thinking about now must have been brought up before, and they may have easier ways somewhere in that forum.
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#152
Quote from TechieSooner View Post :
Why budget the 4%, though?
It sounds like you pay everything off, right?

So why even add your credit cards to the program? Just track your actual transactions out of your savings account, because there's never any balances left on the credit cards, right?

The 4% is the added bonus that you don't have to report to your budgeting software Smilie

If you take the 4% as cash, you could always just enter a transaction for it as income each month.
This is where I'm trying to figure out what will be the easiest. Yes, I've never carried a balance on any card, so I could just pool all the transactions into a single account since that is where the money comes from anyway. I hadn't thought of that, but after I typing it out I think I like how it sounds! I still plan on using Moneydance, so that may be the better option for YNAB. After 6 months of using Moneydance it knows all the payees and I can enter a credit card statement in minutes.

I am NOT trying to account for the 4%. That would be a nightmare. I just let my Amex rewards build up and just take statement credits. Same with Chase and PenFed, but the Amex is the workhorse of our stable and builds up faster.

I have the older American Express Blue Cash. There is a little more to it but after I spend $6500 in a 12 month period the rewards jump to unlimited 5% on Gas, Groceries, and Drugstores. Buy a $500 prepaid Visa for $504.95 ($4.95 fee) and you $25.25 back on the Amex. Subtract the $4.95 fee and you just bought $500 for ~$480. I have a naming scheme I write on the cards with a sharpie and keep all their info in a spreadsheet. It's work no doubt, but ~$80/mo x 12 is still $1000 I didn't have last year.
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#153
so funny, I have almost exactly the same lineup of credit cards. My guess is he is getting the high cash back bonus for purchases at pharmacy (in my case it's 5% for AMEX Blue Cash), and then he uses the prepaid cards at places that offer less cash back than he got for buying them.

edited... dropped the broken quote and while I was posting this original poster re 4% explained fully above. Makes total sense and if I thought my wife would put up with managing a bunch of Visa cards, I'd consider doing this too...
Last edited by flyin_fer March 24, 2013 at 07:54 AM
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#154
Quote from Another-Nocturn View Post :
Its sort of like:
mvelopes without the stuffy feel and high pricetag;
Quicken without the bloatware and Intuits greedy sales pitches
Mint with REAL forward-looking budgeting tools that help you plan AHEAD, not just see what you already spent.

+1 to YNAB for anyone wanting a tool to plan your money, not just track what you already blew through
Great way of putting it!

Quote from qqqxz View Post :
What are the four rules?
1. Give every dollar a job (http://www.youneedabudget.com/method/rule-one)
2. Save for a Rainy Day (http://www.youneedabudget.com/method/rule-two)
3. Roll with the punches (http://www.youneedabudget.com/method/rule-three)
4. Live on last month's income (http://www.youneedabudget.com/method/rule-four)

As has been said, this is for BOTH people living paycheck to paycheck and people already in a good financial position. Since we were already in the black and mostly debt-free when we started using YNAB, rules two and four are what we've found most valuable.
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#155
Quote from flyin_fer View Post :
edited... dropped the broken quote and while I was posting this original poster re 4% explained fully above. Makes total sense and if I thought my wife would put up with managing a bunch of Visa cards, I'd consider doing this too...
You're not alone. I don't even mess with my wife carrying prepaid cards. I only trust her with credit cards because she has been known to lose a few over the years. Thankfully they are easily cancelled!

Once I got her lined out on which card to use where (5% categories) it has been smooth sailing.
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#156
Not sure if this has been discussed yet, but I recently bought YNAB and I emailed them yesterday asking if they could refund the difference. Ad sure enough they did. Worth a shot if you have it already
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#157
Would YNAB be good to use in conjunction with Mint? Or would there be redundancies?
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#158
Quote from adealaday View Post :
for the first part, why do you have both an inflow and outflow? My understanding of what you were describing is: say that you have 5000 dollars to start with and you want to set aside 1000 as a rainy day emergency fund that covers a few months of your expenses, now you do an off-budget account with 1000 to keep this 1000 away from being affected by the budget. If i understood correctly, then this means that the 1000 would be deducted/transferred from your original 5000, so in the end you should only see an outflow of 1000.
While it won't affect Net Worth, it does affect your outflow (expense) accounts. So go into the first report tab, and it will affect that because there will be an outflow from your Budgeted account.

I think putting (in your example) the $1,000 as it's own non-budget account is a good idea. But then, subtract $1,000 from the starting balance of the "real" account. This might mess up the reconciliation features of the software, though, so maybe it's better to keep that $1,000 as a budget line item in your "real" account.

I did shoot their support an email asking them about this. Maybe they have different methodology and I just need to hear them out.

Quote from cdogg44 View Post :
This is where I'm trying to figure out what will be the easiest. Yes, I've never carried a balance on any card, so I could just pool all the transactions into a single account since that is where the money comes from anyway. I hadn't thought of that, but after I typing it out I think I like how it sounds!
Heck yeah, it is much easier than maintaining and transferring money between those accounts, for what purpose? I have my cards set to auto-pay each month from my account, I never carry a balance, so I can honestly not care what my current balance is. It'll all come from the same account, anyways.

Now, one might want to do this if you carry a balance. Mint is good at automatically seeing those transfers happen. For those that don't carry balances, it's unnecessary.


Quote from cdogg44 View Post :
I have the older American Express Blue Cash. There is a little more to it but after I spend $6500 in a 12 month period the rewards jump to unlimited 5% on Gas, Groceries, and Drugstores. Buy a $500 prepaid Visa for $504.95 ($4.95 fee) and you $25.25 back on the Amex. Subtract the $4.95 fee and you just bought $500 for ~$480. I have a naming scheme I write on the cards with a sharpie and keep all their info in a spreadsheet. It's work no doubt, but ~$80/mo x 12 is still $1000 I didn't have last year.
So you gained $20 on $500 via your method. But 5% of $500 is $25, so it almost seems like you're losing that $5 because you aren't using a points card, so I see that as a wash with no benefit, more trouble keeping track of prepaids.


Quote from kxs250 View Post :
Would YNAB be good to use in conjunction with Mint? Or would there be redundancies?
I used Mint as a template to build my budgets in YNAB. I also used it to (From one place) input all my transactions from the various places.
Mint's searching features and historical data are very nice, though. It'll take some time before YNAB has the same historical information as my Mint does.
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#159
Quote from flashfir View Post :
85% of the battle of being wise with your money

Is know where all of it is going. This tool is immensely helpful in doing so. Recent college graduate speaking who read


Ramit Sethi
http://www.amazon.com/Will-Teach-...0761147489

I'd also highly recommend
Randy Alcorn
http://www.amazon.com/Money-Posse...0842353607
Thanks for the references!
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#160
Quote from TechieSooner View Post :
So you gained $20 on $500 via your method. But 5% of $500 is $25, so it almost seems like you're losing that $5 because you aren't using a points card, so I see that as a wash with no benefit, more trouble keeping track of prepaids.
He's netting 4% in cash back on that 'transfer' to a prepaid card. I don't know what kind of points you are talking about and their value, but I'll take 4% tax free over airline miles or any other kind of limited reward.
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#161
Quote from hiro View Post :
Thanks for the references!
I also highly recommend this as a primer for anyone who wants to know anything about personal finance:

http://www.amazon.com/Bogleheads-...0470067365
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#162
I don't like the software. Can I return it?
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#163
Ok I just paid $20 and got this software...like someone mentioned, this is just a fancy excel sheet. Nothing is automated, every time you do a transaction you have to manually updated it into the program for it to reflect on your balance. I thought it was linked to your bank and cc accounts or something so that every time you make a transaction it will automatically reflect on your "budget" balance. Mint is still better I think after comparing both, and it's free.
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#164
Is anyone still able to get this for the promo price? Do they have a promo like this often? Looks like I just missed it!
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#165
Quote from bigmi View Post :
Ok I just paid $20 and got this software...like someone mentioned, this is just a fancy excel sheet. Nothing is automated, every time you do a transaction you have to manually updated it into the program for it to reflect on your balance. I thought it was linked to your bank and cc accounts or something so that every time you make a transaction it will automatically reflect on your "budget" balance. Mint is still better I think after comparing both, and it's free.
No automation is on purpose, it's part of the philosophy. It's been mentioned a bunch of times on this thread and on their website. Research is key when buying things...

Quote from ShyGuyCalif View Post :
I don't like the software. Can I return it?
I doubt it. That's why they offer a free trial.
Last edited by dealmonkey March 25, 2013 at 06:29 AM
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