Many of us do not have our entire economy gathered in a single bank, but has accounts in several banks and perhaps one or more credit cards. Combined with the retirement accounts, investment savings accounts, houses, student loans and other assets and liabilities will be a lot to keep track of.
A proven trick for those who want right track of their personal finances is to gather all in one application. But what programs are worth investing in? Last time we tested the Mac Software for personal finance were no programs or services that could retrieve data automatically from Swedish banks, so everything had to be operated manually. Today it looks nice enough, very different, and we have looked at four solutions that work for Mac and iPhone users. Two are web services, with different approaches and focus, one is a pure mobile app and the last one available on almost all platforms.
You Need A Budget (YNAB)
This is more a philosophy than even a program to finance track, much like Getting Things Done is a philosophy of planning and calendar management. It is an approach that is based on you budget your entire income every month, adjust it as needed over time and gradually learn to grasp your personal finance.
YNAB is a web app that works on PC or mobile, with a quick and easy interface. It is quite minimalist – for example you can not keep track of investments and other assets and liabilities.
Another thing that is lacking, especially compared to its Swedish competitor Smart Budget is the ability to import transactions automatically from Swedish banks. It works from the US, but how many Swedish users need it? You can set it to use the Swedish krona currency and rename accounts and categories to be in Swedish, but the interface is always in English.
YNAB has many satisfied users, but from a Swedish perspective, it lacks features that actually make it fast and easy to work with, and it's like the whole pun.
System: Web Service
Price: Approximately SEK 450 / year
More info: youneedabudget.com