It’s Time To Cancel YNAB

You Need A Budget or YNAB is a budgeting tool I came to know about back in 2019. After plenty of trials, I decided to subscribe in 2020 for USD 84 per year. My personal finance was sort of a mess. I was scouring the Internet for budgeting tool that’s easy, available on the web and cross-platform. YNAB checked every criterion that I was looking for. I fell in love with the app.

Even though the app did very little for non-US customers (like automatic bank transaction sync), I was more than happy to pay the full amount.

Honestly, YNAB taught me how to budget my income and plan my true expenses.

In 2020, I had to make an emergency trip to Tamil Nadu, India. YNAB helped me to pool in the monies from different categories without any hesitation. Thanks to YNAB, I had saved up enough cash buffer to handle the emergency situation.

Today, I woke up to a pop-up stating YNAB has increased their price to nearly USD 100 per year from December 1, 2021. I was not happy at all. I wanted to get a feel for what Reddit & YNAB Forum thought about this price increase. They were fuming. My price increase was around 18%. Legacy customers grandfathered at USD 45 per year saw their price increase around 100%. These folks went crazy!

What really frustrated me more than the price increase; is how this entire debacle is being handled by the YNAB management and its founder Jesse Mecham. There is a radio silence from the YNAB founder or the app’s corporate team. They are not even responding to customer grievances on their official support forum.

All I wanted to say is, I’m happy to pay for services that I really love. But, YNAB is offering very little to its non-US customers and expects us to be OK with the price increase. It is wrong and they are just taking the mickey. At the moment, I’m indifferent to YNAB. I will not be renewing my subscription. It’s time to explore alternatives. Bye YNAB!


November 3, 2021