Welcome to Day 17 of Where’s My Money Going? Month! This February 2009, I’m challenging readers (and myself) to track spending manually for 28 days. Don’t worry if you’re late to the party, you’re still welcome to join. Consider tracking your spending into March.
Earlier this month, I reviewed You Need a Budget. I’ve been using YNAB as part of my spending tracking this month and so far have found it quite handy. After reading the review, the people at YNAB contacted me and offered a giveaway copy for one of my readers and a coupon code that will be active from today (Feb 17th) through February 19th.
To win a copy of You Need a Budget Pro, leave a comment on this post about your current budgeting system and why you think using YNAB would work better for you. You must use a valid e-mail address (which won’t be revealed). The giveaway ends midnight on February 28th. I’ll use random.org to select a qualifying comment. The winner will be announced on March 1st or 2nd (and notified by e-mail). Void where prohibited and “qualification” is at my discretion.
The coupon code is mrsmicah and will get you 10% off a purchase of either You Need a Budget or You Need a Budget Pro. To use it, go to youneedabudget.com and enter it when you check out. Again, the code will be active from today the 17th through the 19th.
What is YNAB?
In brief, there are forms of You Need a Budget (YNAB and YNAB Pro), based on the same underlying program and principle. The basic YNAB is a tricked-out spreadsheet which includes a budget section and register for recording purchases (which are automatically taken out of the budget).
YNAB Pro is its own program with the ability to import data and more flexiblity in categorization and the like. YNAB Pro is comparable to a simplified Quicken, covering all the basics including splitting transactions, monitoring spending trends, and comparing spending one category to another. It only takes a couple minutes to enter a few days of transactions, less if you import them. The program is also set up with categories that encourage you to get one month ahead in your spending, though you don’t have to.
Neither YNAB is meant to be a high-tech program. Instead, it’s what you need to track your spending, keep a budget, and work on getting ahead. The philosophy of YNAB is to get one month ahead in your finances and give every dollar a job. With the software, you get a built-in ability to designate income (or a certain part of your income) for next month. Through using a Buffer category, you can also budget savings for next month.
For a more detailed explanation, check out my review.
If you think it sounds like something you can use, then enter the giveaway before February 28th. Just leave a comment below about how you currently handle your spending/budgeting (if at all) and why you’d like to try YNAB!
This post was part of Where’s My Money Going? Month.