Mint vs. YNAB vs. EveryDollar Pros and Cons

[@tarinobbink4850]

I definitely agree that YNAB can be confusing when starting out, but their tutorials and support team completely redeem any confusion. Their team is incredible. It’s completely transformed how I think and feel about money!

[@michaelflinn2791]

If only we could force Congress to use YNAB...Heck, I'll even pay the 7.00 a month subscription for them.

[@DadJokesAllDayLong]

YNAB has been life changing for me. I highly recommend it.

[@just.the.tip.podcast]

I third that one. She is right, the learning curve is real but once you get it, you will wonder how you ever managed your money before that.

[@stephaniechristy9402]

Thank you! I have been trying to make mint work for me and the budgeting function is extremely complicated. I refuse to go back to pen and paper so I may give YNAB a try.

[@just.the.tip.podcast]

@@stephaniechristy9402 Check out the YNAB reddit channel and Nick True's youtube channel. It has a bit of a learning curve but when you get it, it is game-changing.

[@DadJokesAllDayLong]

@jack sparro there is definitely a learning curve with YNAB but then all of the sudden it snaps into place. But the good thing is there is so much information and help on it.

[@jenniekiki5583]

Thank you

[@CastleBomb44]

I really like Mint, I have setup like 6 goals in there and setup automatic transfers to coincide with my biweekly paycheck. Yeah the categories on Mint kind of sucks but after using the categories and tracking your spending for where you have spent your money in the last month/year. Great for looking back on what you have done. But not really for looking forward on where you should be spending your money (a budget) I 100% would be willing to switch over to YNAB if there was a lifetime price option. I really hate having to sign up another endless subscription service until I die

[@dylang7927]

Thanks for this! I just got off chat with mint tech support because i'm tired of dealing with all the inconsistencies and work going unsaved. Been with Mint for 6years , I'm giving them the boot today.

[@DadJokesAllDayLong]

I used mint for a little bit, but now I use YNAB and I'll never look back

[@JonHuhnMedical]

While YNAB has a fee, you really see the value for those dollars spent in that the software is actively being developed and updated several times a year. The tech support is top notch and personal, and there's a very active online forum of people that are willing to help not only with how to use the software, but money management in general. The company welcomes input and whenever I have an idea for something I'd like to see added, I email them and they thank me and say they'll pass it on to the development team.

[@RFRP]

Thank you Laura!! I’m horrible with budgeting (like I pretty much don’t do it), but I’m going to turn a budgeting corner with the new year! Really appreciate you breaking down the pros and cons of these apps. Great content!

[@marblejarchannel]

Good luck!

[@Allaiya.]

Which one did you go with?

[@kyleporche4735]

I’ve used the free every dollar, tried mint and had issues with both. Honestly if I could pay to remove the adds on Mint then I would stick with that one. But now I’m going to give YNAB a try. Thanks for the video.

[@ecc2924]

We have have been using YNAB for 10 years & we love it. It is based on the envelope system, zero based budgeting which means that you take every dollar you already have & you allocate it all into categories (digital envelopes0. We love it. The whole idea of budgeting is to only spend what you have, otherwise you are only tracking expenses, that is not budgeting.

[@juliewilliams7496]

This was very helpful as I've been trying to research between the 3. Thank you!

[@CornflowerBlues5]

Great review. My biggest problem with Mint and Everydollar (apart from what you've mentioned) is that it is totally USA-centric (I'm from South Africa). You can't even create a Mint account without linking to some (US) bank accounts, so I've been unable to use it in any way. With Everydollar, you can't change the currency, so I'm forced to stare at $ signs, even though I'm working in Rands. YNAB does not have these problems.

[@charajepson6202]

Solid review! I agree with all you said. I have used all 3 and have chosen YNAB as well. There was a huge learning curve and I did a fresh start several times to finally understand. Definitely the most comprehensive and I am excited about the only using the money you have, more accountability.

[@MarcKaitlen]

I was about to stop using YNAB. I''ve already done two fresh starts. I guess it happens.. (( one month in so far))

[@donlmilne]

You did a great job comparing these apps. As the Director of Training and Behavior Change for Qube Money, I am also familiar with all of these apps and your review does a wonderful job at explaining the pros and cons of each one. I agree that YNAB is the best of the three and is worth the subscription.

[@marblejarchannel]

Thanks for the comment!

[@TrifflePuff]

I've tried all 3 of these budgetung apps. So far YNAB is the absolute best for me.

[@maryw7094]

Appreciate this video. Have been trying to determine which of the 3 will work best for me. I used YNAB years ago but didn't keep up with the input. Now I will try YNAB again.

[@sbaglioscherzo]

I just came upon your video by chance, and I was so impressed. I learned a ton in just 9 minutes! You have a new subscriber :)

[@Allaiya.]

This is probably the best breakdown I've seen on KZbin. Mint I always had problem with my accounts disconnecting and they didn't allow smaller credit unions at the time to where it was very inconvenient so I stopped using it. Everydollar was a pain with having to enter everything manually. YNAB is now like $15/m.. that's giving up a streaming service basically.

[@glowplugeffect]

I enjoy the manual inputting of the free ED app. Like, oh right, I did spend that. And you can make your own categories! That was one of the biggest downsides to mint. I still use mint to see all accounts at a glance.

[@christinecahill5883]

I appreciate this overview. I am entering retirement with no debt other than my mortgage and I need to keep it that way. My daughter told me about YNAB, but I wanted to review the other options out there. Thanks for this overview. I am going to go ahead with YNAB.

[@jarehares]

Thank you for this comparison video. After watching several videos on this topic, yours was the one that helped me decide to use YNAB.

[@shieknel]

You forgot to mention that YNAB have great workshops to help you use the software.

[@MichaelStanton]

CM Anderson I’m a YNAB user and was thinking of switching to Mint because it’s free. Thanks for pointing this out.

[@KillerofGods]

@@MichaelStanton i love ynab, but im also grandfathered in at the 50/yr price.

[@KorgenJurai]

@@KillerofGods me too. I got it at $50/yr

[@lorrainewoodward3446]

I do think that’s important to keep in mind...the sheer volume of educational materials and the built-in support add value to the monthly cost (and YNAB actually makes many of their resources available for free on their website, even if you don’t have the app).

[@titusgray4598]

@@MichaelStanton You've got to realize that YNAB will end up saving you far more than the cost.

[@SteveKahle]

Super grateful for your video, Laura. I was a good match for Every Dollar/Ramsey+ and am super impressed transitioning off of Mint. Every Dollar wasn't on my radar before. Thanks again!

[@devlinfae]

I used to use Mint regularly, but switched to YNAB and loved it (after learning how to use every feature!) :)

[@Shakashack2022]

Hello, new here in 2023 & thank you for making this video. Because of security breaches in USA, I’m afraid of linking any app to my bank accounts & credit cards although I completely understand the convenience. Hence YNAB! 👍🏼 YNAB’s customer service is impressive in the free trial, in addition to their budget tips and easy-to-understand YT videos, esp Nick’s. For us who aren’t savvy with numbers, YNAB is very helpful.

[@poblanomanu2b]

Great vid!! Helped me decide which one to try. I've been a spreadsheet guy for decades--and it works!--but it's manual, therefore a few days off can make you pay! I'll give YNAB a try. Used Mint for several years as well, but credit card purchases and payments never seemed to offset, causing lots of frustration. Thanks again!

[@stopthink9000]

I tried YNAB and it was waayy to complex and awkward to understand. I won't use anything associated with Dave Ramsey, so looks like Mint is the one for me! Thx!

[@djquantum1]

Very concise analysis of the apps. Saved me tons of in depth research. Thank you and keep up the great content!

[@rogerloydmccoy]

for YNAB you must with Nick True's KZbin videos its so so cool and really gets you out of paycheck to paycheck living

[@Davena]

I completely agree!!!

[@matthewheadland7307]

@@Davena Same here! That video ↓↓↓↓sold me on YNAB (about 10 bucks/mo cause Im Canadia!) kzbin.info/www/bejne/roG5dnVtap6aobc

[@goofydumbgoofyhobtch2765]

His personal coaching is great too!

[@RCosenza20]

Really great video - tons of information, not a sentence too much or too little. Thank you.

[@kevinwilliams3668]

I am trying YNAB but you are correct it takes some time to figure it out. I signed up for a free workshop and well give it a try but I think they need more support on the front end assisting new users with setting up their initial budget. It's great to have complexity but sometimes being straight forward and providing resources on the setup reduces financial anxiety for new users. Just a thought but good video.

[@pieroschlochauer2186]

there is so so so so much content in their youtube channel

[@baileypratt149]

I normally hate comparison videos (I even hesitated clicking on this video), but you did a great job with this video! Thank you for the great information.

[@leannlundberg8926]

I was wondering between the 3 apps. This was super helpful!

[@travispipkin2434]

Great video. Thank you. I joined the YNAB cult about 14 years ago and have been with it/them ever since. It's good to see what the other apps are doing & not doing in this space.

[@davidmiddaugh5763]

This video was super helpful! I've been using mint for a long time and I'm ready to jump over to YNAB thanks to you!

[@siegelpmp]

I was a Mint user for years and switched to YNAB two months ago. Mint, while free, was cumbersome and didn’t help me that much. Now YNAB is a game changer for me. I have control of budgeting and spending, I can plan and save effectively, and I can see progress daily. It does have a learning curve but it also has an easy way to start over if you make a mistake, and it took me two or three tries to figure out how to process transfers between checking and savings and how to make credit cards work, but once I got it, it’s great. So the effort and costs are really worth it. I didn’t like all of the advertisements in Mint. And there are real people at YNAB that you can work with for help and they provide support.

[@JasonMitchellAZ]

Thanks for the review... I’ve tried Mint several times in the past and currently use EveryDollar (for a while now)... but I think I’m gonna give YNAB a shot. It sounds great!

[@amphitrichous]

Thanks for the video! I appreciate the details, pro/con, and that you fit it into less than 10 min!

[@bryandayton4429]

Hey friend. Good work. Really liked your words. Great work. However, I will say one other thing I've had a problem with, with YNAB, is that you can't get rid of categories without creating a mess. I'm traveling Europe, because I'm debt free if course, and when I spend in the last month to buy a plane ticket or when I get refunded for something a month earlier that money sends YNAB into a frenzy. I've tried hiding categories but that creates a mess as well. I have like 100 hidden categories bc of my past trips. I've tried a few diff ways but it's a bit complex.

[@marblejarchannel]

Interesting -- I haven't run into this problem yet. I guess I handle this by creating a more generic category called "Travel" and have all trips come out of there.

[@RonJohn63]

If you're an hourly worker who's not guaranteed the same hours every week, then forecasting income is definitely a bad idea. However, if you have a steady job (with sick time, PTO, etc) or are salaried, then -- unless you get fired -- you *know* what your income will be. If you sometimes get overtime, then you at least know your *minimum* income. For that large segment of the population, forecasting isn't a problem.

[@darreng9109]

Well done. Exact info I was looking for. Likely going to follow your lead with YNAB🙏

[@raymondshiner1046]

Very hekpful. You've convinced me to do YNAB. Great video, hope you succeed the KZbin Grind!

[@hawkeyestiguy]

Great video. I have mint & am not super thrilled with it due to it's limitations & shortcomings, however, I absolutely refuse to pay for a budgeting app. It's not that I can't budget, I just like an app that will pull/monitor multiple accounts & transactions for me since I really don't have time to sit down & do that myself. Guess I'm sticking with Mint. Lol.

[@nicolesnow4024]

YNAB is up to $18 dollars a month now!! I quit that and am trying every dollar. Might have to give mint a try

[@hawkeyestiguy]

@@nicolesnow4024 That’s crazy! The sheer irony of needing to budget an extra $20/mo for a budgeting app is wild. 🤦🏻‍♂️ Lol.

[@KillerofGods]

? It's 15 a month or a hundred a year. 8 dollars a month isn't that bad for better money management. Granted every dollar will work as well and that is 80 a year.

[@simpsonchelsii]

Thank you so much for this comparison. I appreciate the time you put into this video and overall the way you help others by sharing your knowledge. Best wishes on your future goals and projects! Thanks again!

[@Ricky-ez2nh]

Nothing compares to YNAB. Just my personal preference, but I don't even bother with automatic importing, I find it never categorizes how I want to and I don't like how it labels transactions. I would recommend entering each transaction right as they happen and of course use recurring entries. ...

[@DadJokesAllDayLong]

I do the automatic importing, but I also manually input everything, I love that YNAB can link the two automatically. I just like the auto import in case I accidentally miss something

[@choosetoshine2610]

Great content! Love EveryDollar App. New subbie!

[@adamcharlesburke]

awesome breakdown! thanks for taking such an objective approach!

[@mycarealtor]

Just found your video while trying to figure out why mint no longer syncs with paypal. Great info! I will be a frequent flyer on this channel!

[@SamTexan91]

Thanks for the video! Great explanation, and helped my wife and I decide on which one to use.

[@matthewwindisch9449]

Thank you so much. I’m new to budgeting, this was helpful.

[@CaptD06]

Great review, clear concise and right to the point. Please make more videos

[@craigslistrro709]

My experience is YNAB says they are 84.00 a year, but when I got billed it was 91.21.. so Just be aware of that. bait and switch is everywhere.

[@jaysha5226]

Weird. I've been billed twice, each for $84. I would call and figure out why!

[@craigslistrro709]

@@jaysha5226 I emailed them.. It's state sales tax in my state.. But it would be nice to know it up front, or at least have it mentioned that sales tax may apply.... That said, I am extremely happy with the app.

[@jaysha5226]

craigslistrr O That makes sense. Glad you got to the bottom of it!

[@VoiceoverMomentum]

Thank you for the clarity. I really love wine up and having watch this I see that I made the right decision.

[@ladysoapmaker]

I've been using YNAB for years. I only switched to the new version from the classic 6 months ago and am kicking myself for not doing it earlier. It makes tracking things easier. I had used intuit's budgeting software in the past so I refuse to use mint figuring it would have the same issues. Good to know I was right. I've been teaching my kids how to budget the YNAB method and it has sort of stuck. My 24 year old is in the process of buying a house and my 20 year old has nearly paid off his second car. Neither of which I had done at there age.

[@marblejarchannel]

That is fantastic. I can only hope that my kids will be as fiscally responsible!

[@heatherrenee729]

Two-year YNABer, here!

[@tankerman7666]

YNAb is way more work then needed to set a budget

[@deandrajalisa]

Great video! Thank you! I’m going with YNAB!

[@conniejensen8319]

Can I take a receipt and break it down into categories such as food and pets and home supplies?

[@marblejarchannel]

This is called split transactions and all three apps will do this!

[@williampennjr.4448]

I hear quicken is good. You can still do everything you could want in a financial tracker after your subscription expires. You just cant get online services and automatic updates, but why would you want that on your personal financial tracker anyway? Any decent bank does that already. I like ordering things on line but that doesn't mean i want grocers coming into my home stocking my fridge and looking at what I ate.

[@itsGabrielaCristina]

I have used Mint for years, but I just switched to YNAB and it’s 10x better. Mint didn’t fit my budgeting needs, at all.

[@Dr_Diaz]

Ynab charges? Whats the point of saving if they will charge you money..thats idiotic

[@slradogna]

Why eat? You use some of the calories and expel some? Starvation ...that’s the key! Lol

[@Dr_Diaz]

@@slradogna best saving method is depositing all the extra cash into a stock or crypto.

[@bh9262]

New Subscriber here! Well explained and very helpful. Thank you!

[@greggsadler4387]

Great review. I use Everydollar. The free version. I do like the ease of it. I do. Or like that if you have “extra money” in a category, it “sits” there. (Since I use a HELOC for my mortgage, this negative feature is not really that negative since all the extra money pays down the mortgage.) it’s also easy to use as a teaching tool to new budgeters. I haven’t tried the pay version. I don’t like the Mint interface. I didn’t get past that. After hearing the review here, I am interested in trying Ynab.

[@ericb5457]

I use everydolllar

[@andrew1906]

This was SUPER helpful... thank you.

[@Bettie_Noir]

Excellent info, thank you!

[@j.rubenpope2737]

Thank you for the info! I thought that was pretty informative without being too overwhelming.

[@TaliyahP]

I like how she used a blue screen to stand in front of a green background

[@yonallb]

Great video! You so need a better camera/no green screen. I am nit picking though, thank you for making it.

[@gpwildcat77]

Short, concise, very helpful video!

[@l337pwnage]

I'll stick with pen and paper, or excel on days I'm feeling frisky.

[@tedjennelson7670]

I got SO burned with YNAB. I bought there full paid old version and then they stopped supporting it and gave ZERO credit. Done with them!

[@338holly]

Looks like they might have updated some things since this video was uploaded.

[@Ricky-ez2nh]

The makers of Mint make Quicken, and that has bug issues and I don't trust Intuit after the issues I've had with Quicken. Budgeting in YNAB feels so natural while Mint and Quicken are awkward.

[@bluezhawg2104]

YNAB all the way over here...since 2015

[@cartwheel43]

Great review with lots of info!

[@wellesleykopsa6463]

I haven't watched the video yet but I am SO EXCITED for it!

[@Rrhode23]

Mint is forever having connection issues to all my accounts.

[@spencermaxwell4377]

Good info but would be helpful if the app was being shown on the full screen and not 25% of it

[@kellyflanagan5264]

A huge con for me is that EveryDollar doesn’t link to American Express. Most of our transactions come via that card and for us this is a show stopper. I am trying YNAB, but it is philosophically a million miles away from the envelop approach we’ve used for 40 years.

[@marblejarchannel]

Hi, Kelly. I'm still using YNAB and although I agree that it took some time to get my head wrapped around it, it is actually based on an envelope system, so it might be quicker for you than most!

[@mickeymallette2663]

Great video. Thank you! In looking at YNAB, I also see some companion apps (“Cents”, “Allowance”). What do you know about these companion apps and how they can make the YNAB experience?

[@marblejarchannel]

I didn’t know about them, so thanks for the tip. I’ll check them out!

[@mickeymallette2663]

Marble Jar Channel thank you for the great channel and videos. Good financial information is so vital. Thank you!

[@Melanie-yep]

I use Allowance. It makes it super easy to check how much money I have in certain categories without opening the full YNAB app - it adds selected categories to the Notification Center of iPhones

[@TraderDT]

Great video. How about a review on Personal Capital if u haven't done one already?

[@marblejarchannel]

I do all my portfolio tracking manually, but I’ll make a note to check out Personal Capital. Thanks!

[@branhemp7522]

Everydollar is not compatible with Venmo. Just thought I should put that out there as one of the Cons

[@cjdebruyn007]

Ynab is by far superior compared to EveryDollar.

[@tappersuzie]

That was very helpful - thanks

[@carriedavis9401]

YNAB is now $11.99/m or for substantial savings $83.99 a year.

[@ransom182]

I don't have behaviour issues with money so Mint is just fine for me.

[@WingChunGungFu]

Mint doesn’t always recognize your credit union so it doesn’t even do what it’s suppose to unless you have Bank of America or Wells Fargo.

[@michaelconnolly568]

Thanks.That's very helpful.

[@lakeisharhyant2045]

I just started YNAB. I like it because they way they use it is the way I have been trying to manage my money. Especially with using credits. It's like they went in my brain and stole my ideas and fine tuned them.

[@AndrewAviles]

Thanks for the video, great info :)

[@swissthun60]

Well done ~ thanks for putting this together :)

[@wellesleykopsa6463]

Thank you SO much for doing this so that I don't have to

[@NELSONG12]

Good info. Thank you

[@jenniferhumphrey2966]

Thank you! I love the detail you provided. I have had my accounts and transactions set up in Mint for several years now, but I do not "use" Mint. I need to make a change, but the thought of starting over with categorizing transactions seems daunting. Is it possible to transfer information/transactions from Mint to YNAB?

[@marblejarchannel]

I looked into this and was able to export a file, manipulate it and import it into YNAB, but it wasn't easy. Since you are at the beginning of a calendar year, it might be best to start YNAB from scratch!

[@jenniferhumphrey2966]

@@marblejarchannel Thank you for the suggestion

[@kevinblack5135]

you can delete categories you don’t use, it’s very simple

[@davesanders43]

which software is best for keeping track of monthly subscriptions? thanks in advance

[@courtneyclick5991]

Super helpful thank you!

[@JayCalderon211]

Thank you very much

[@Spriteomatic]

Interesting. I actually switched from YNAB to Mint. I extremely dislike how YNAB handles credit cards and for someone who pays off their credit cards each month. I was spending WAY too much time trying to understand their behind the scenes calculations and reconciling all my transactions.

[@DarrenWigfield]

I'm considering making the same switch. The only thing holding me back is how irritating it is to categorize transactions in Mint with all of those default categories. But YNAB's inability to project a monthly budget in advance, or to carry negative balances forward for overspent categories has really killed it's value as a budgeting tool.

[@secondbase4sr3]

YNAB credit card handling is awesome. Been using it for 7 months and it's so easy if you just watch the tutorials and some other vids on youtube. It all makes sense after that

[@DadJokesAllDayLong]

@@secondbase4sr3 I agree. I pay for everything with a rewards credit card and YNAB easily tracks how to not overspend vs what I actually have in my account.

[@MrSaeedted]

Thanks for this video