So I’m a big advocate of YNAB.
The video posted above showed it, and others, but ultimately I think with most budgetting apps, if you step-change your way of budgeting you need longer than a month to do it.
The thing I really like about YNAB, vs perhaps others like Yolt, Emma and Plum is the granularity it’s budgeting solution offers. That, coupled with the ‘envelope method’ is very very powerful.
Most budgeting tools I’ve seen are effectively about tracking the money I have spent; rather than planning the money I will spend.
e.g. in Yolt, it can tell me I normally spend about £150 a month on transport. I set a budget. It tracks what I spend. The budget doesn’t actually mean I can afford what I’m setting.
in YNAB, I tell YNAB as and when I get paid. And then I budget that money as I get paid. I’m giving my money a job. Every single £ in my YNAB budget has a job to do.
It allows me to save money for Christmas each month, or for the Big Holiday. or slog £4.55 per month to my annual travel insurance policy. Without losing track of it in some broader category. I can tell it I want to spend £20 on coffee this month, £50 on lunches at work, £100 on groceries, £25 on Cat Treats… rather than one of many generic categories.
And because it’s more granular, and more manual, I have full visibility of what my money is doing, what I can afford, etc. Not some AI squirrelling away money.
I really like it, it’s definitely transformed my approach to money. Thoroughly recommend it, but it does take time to learn.