You Need a Budget Pro

An Online Budgeting Tool

You Need a Budget Pro is the recommended budget system for all stay at home moms. Learn how YNAB can help you manage your money and save more of it.

If you're trying to create a budget for your household and you want to stick to it, you've probably been experimenting with various methods of managing a budget.

Maybe you've tried creating spreadsheets, writing everything out on paper, or the envelope method with no luck. In this case, one online budgeting tool that you may want to consider is You Need a Budget Pro, otherwise known as YNAB.

While you may be a bit leery of online personal finance tools due to security issues, this is one software option to consider. This system may not be the best choice for everyone, but some stay at home moms may find it works well for them. Take a closer look at this program, how it works, and the pros and cons before deciding if it's an online budgeting tool that may work for you.

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How Does YNAB Work?

Before you understand how the actual software works, you need to understand the basic premise of You Need a Budget Pro.

This software is designed upon a particular methodology that anyone can use, even if they don't choose to use this software. Basically there are four rules that are followed with this software:

1 - Don't Live from Paycheck to Paycheck
First, YNAB is based on the rule of no longer living from paycheck to paycheck. The system requires that all your income is recorded. Two types of income are noted - primary and supplemental. When you get started, even your primary job income is counted as supplemental income, since it means it will be spent in the month.

As you continue with the You Need a Budget Pro system, you'll get to a point where your main income will be considered primary income, since it will be budgeted out for use for the next month. This way the system helps you get away from having to live from paycheck to paycheck.

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2 - Every Dollar Needs a Job
The next rule is that every dollar needs a job. Zero based budgeting is the technique used here, which means that each dollar goes into a category.

This way you are able to account for each penny you have. It's easy to only budget for large things and then you let other money slip away each month. This software won't allow this to happen because you are making decisions on where very dollar goes.

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3 - Saving is Important
You Need a Budget Pro also is based upon the rule of saving. It emphasizes creating different savings funds. Some may be for emergency financial situations, others may be for annual bills, others for vacation or holiday spending, and then you may have a savings fund you're saving for retirement. Each entry ends up in the budget you create with YNAB.

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4 - Rolling with the Punches
Last, rolling with the punches is another roll that makes YNAB such a unique budgeting tool. When you go over your budget, what occurs? While some budgeting tools simply give you a warning, this software will actually deduct the money from the available funds for the next month.

Each of these rules are used as the basis for You Need a Budget Pro. Along with the rules, you'll be able to import data, use reporting features, and a variety of spreadsheets are included that you can use as well. To purchase the full version of this downloadable software, you'll pay around $50, but full support is offered and you can get your money back in 30 days if you decide this isn't a good option for you.

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Who Can Benefit from YNAB?

Stay at home moms or anyone having a hard time figuring out where your money is going, even on a budget, then YNAB may be beneficial for you.

It keeps track of every penny, which can be especially helpful to those creating and using a budget for the first time. For those who want to stop living from paycheck to paycheck, this software uses a system that can help you accomplish this.

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The Pros of YNAB

You'll find that You Need a Budget Pro comes with several great pros. Keep these in mind when deciding if this is a program for you.

The program is easy to install and it's easy for anyone to use as well

The documentation is very thorough with the software

This is more than just a software package. It also includes a methodology for budgeting that has been proven

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The Cons of YNAB

Don't forget to consider the cons before buying YNAB software. The following are a few of the cons to You Need a Budget Pro.

You cannot download transactions from your bank account because there is no automated integration

The startup of the software is a bit on the slow side

The cost is a bit more than some people may want to spend on a budgeting software, even though there are several freebies that come with the package

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Related Pages

Why Budget?

Organize Your Budget

Sample Personal Budget

The Envelope Budgeting System

Organize Monthly Bills

What to Include in Your Budget

Mvelopes Budget System

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