If you want to better manage your finances, budgeting apps can come in handy.
- Budgeting apps can make it easier and less stressful to stick to a budget.
- You Need a Budget (YNAB) is a budgeting app that offers various budgeting and money management tools.
- A new feature, YNAB Together, allows partners and family members to share budgets and easily manage finances together.
For many people, budgeting is a great way to keep track of your personal financial goals and reduce overspending. Budgeting Apps allow you to manage your finances on the go. A popular budgeting app recently introduced a new feature that allows couples and families to manage money together through its interface.
Budgeting apps make money management easier
You can manage a budget in many ways, but mobile budgeting apps can simplify the process. If you’re not a pen-and-paper type, this finance app might be for you.
With a budgeting app, you can set spending limits, review your goals, monitor your spending, and stay motivated as you navigate your financial journey.
You need a budget (YNAB) is a popular budgeting app with valuable money management features like goal tracking tools, loan payout calculator tools, and expense reports.
The company recently added a new feature that could appeal to couples and families looking to improve their financial health together.
Easily manage finances with a partner or family members
Sharing budgeting apps can be helpful if you have a partner or family members who share the financial responsibilities of the household.
It becomes easier for everyone to make financial decisions when everyone is in the know and has access to the same budgeting tools. In addition, everyone can improve their financial knowledge.
YNAB recently added sharing features. Users can share their budgets and subscription with up to five other people, meaning there can be 2-6 people in a group.
Best of all, you can do this with a single subscription – so there’s no extra cost to access the all-new YNAB Together.
With YNAB Together, each group member can:
- Generate their own login and YNAB account
- Create and edit an unlimited number of budgets
- Share budgets with group members
- Access customer support
YNAB Together is also kid-friendly, so you can help your kids and teens learn more about money. In the United States, people aged 13 and over can use this feature. In other parts of the world, people over the age of 16 can participate in this service.
Whether you want to share your financial journey with your partner, teenager, or roommate, it just got easier with this app feature. YNAB is a paid budgeting app, so this tool is not free. For those on a tight budget, an annual subscription offers significant savings over a monthly subscription.
The benefits of being open about finances with your partner
Even if it feels awkward to talk about money with a partner or family member, it can be valuable to do so. Being open is best when you plan to make financial decisions together.
Discussing money and outlining individual and shared goals can make it easier for you to achieve your goals separately and together.
Knowing where your finances stand and what improvements need to be made is essential for growth. Without honest discussion, it can be difficult to improve existing money-management habits and overcome hurdles like costly debt.
If keeping your finances separate in different bank accounts works well for your partnership, that’s fine. Joint bank accounts are not for everyone.
But learn to manage some financial matters together, such as saving account Credit is a win for every wallet. Budgeting apps like YNAB can help you manage your finances with ease.
You can find more tips in our personal financial resources.
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