What is YNAB?<\/h2>\n
YNAB is a unique budgeting software that follows four simple rules when it comes to budgeting:<\/p>\n
- \n
- Give every dollar a job<\/li>\n
- Embrace your true expenses<\/li>\n
- Roll with the punches<\/li>\n
- Age your money<\/li>\n<\/ul>\n
It works on the principal to live on last month’s income. This breaks the paycheck to paycheck cycle and allows you to be truly in control of your finances.<\/p>\n
Related: YNAB Review 2021: The Best Budgeting App?<\/a><\/strong><\/p>\n
What the YNAB and Undebt.it Integration Means for You<\/h2>\n
Here’s what the integration can do for you:<\/p>\n
- \n
- Update your Undebt.it account balance:<\/strong> This feature will keep your debt account balance current with whatever YNAB has. This means that if you have your credit card account in YNAB tied to your online account and reconciled, everything will update automatically.<\/li>\n
- Import your YNAB transactions:<\/strong>\u00a0Undebt.it users won’t have to manually record their payment transactions once this option has been turned on. The payments and purchases you make on your credit card will be brought over to Undebt.it automatically.<\/li>\n<\/ol>\n
Basically, your Undebt.it+ account will update automatically when your YNAB account does.<\/p>\n
Here’s What You Need to Make This Work<\/h2>\n
There are two things that are required to make the link work:<\/p>\n
- \n
- An active YNAB<\/a> account. They offer a free 34 day trial so you can try before you buy.
\n*If you click on the link above and sign up for an account, I get a referral bonus \ud83d\ude42<\/small><\/li>\n- An active Undebt.it+<\/a> account. There is a one-click, free 30 day trial available<\/li>\n<\/ol>\n
Since both services offer a free 30 day trial you have the ability to try this out for free and see if it’s for you. The YNAB service then costs $84 per year and Undebt.it+ costs $12 per year (or less if you can find a promo code). So for less than $100 per year, you can have both these services and really make a dent in your debts.<\/p>\n
Getting Started with the Integration<\/h2>\n
Log into your Undebt.it account and go to the YNAB Sync page<\/a>\u00a0(it’s located in the “My Account” link section and also on the left menu) and click on the “Link YNAB Account” button.<\/p>\n
![\"YNAB](\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2018\/09\/ynab-authorize-button.png\")
<\/a>Step 1: click the YNAB authorize button<\/p><\/div>\n
Once you click on the button, you will be direct to the YNAB site where you will need to allow Undebt.it access to your account information before you can proceed. I have updated the privacy policy<\/a> to reflect the new YNAB integration features and how your data is handled. It’s important to note that Undebt.it never has access to your bank account login credentials at any time.<\/p>\n
![\"Authorize](\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2018\/09\/ynab_authorize.png\")
<\/a>Step 2: Authorize the Undebt.it app<\/p><\/div>\n
Mapping Accounts<\/h2>\n
The next step is setting up the mapping of the accounts between the two sites. You will see a list of all of the accounts you have setup in YNAB along with their current balances. There are three choices you have on these accounts:<\/p>\n
- \n
- Ignore the account:<\/em><\/span> Undebt.it will not do anything with the account. Use this option if you don’t want to manage this account with Undebt.it.<\/li>\n
- Add the YNAB account to Undebt.it:<\/em><\/span> This will create a new Undebt.it debt account and then add it your list of active debts. Once the account is created, be sure to go to the Debt Details<\/em> page for the new account and change the interest rate, due date, account type and any other settings that YNAB does not store.<\/li>\n
- Assign the YNAB account to the proper Undebt.it account:<\/em><\/span> Use the pull-down list to match each account as needed. The current Undebt.it balance is also shown in the list, next to the account name.<\/li>\n<\/ol>\n
![\"YNAB](\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2018\/09\/ynab-account-mapping-1.png\")
<\/a>YNAB account mapping<\/p><\/div>\n
If you are mapping YNAB accounts to new Undebt.it accounts, there is an option labeled “Sync transactions for new accounts?<\/em>” that applies to you. Turn the option on to bring over the transaction history along with the account balance. New transactions will be automatically added to Undebt.it during the syncing process.<\/p>\n
When you are done with the mapping, click the “Save Account Mapping<\/em>” button and your account balances will be updated. You don’t have to do all of the mappings at once; you can come back to this page and map an account or two whenever you like<\/span>.<\/p>\n
If you want to make sure everything is working as expected, go to the Debt Details<\/em> page of a sync’d account and you should see a current sync date like in this screenshot.<\/p>\n
![\"Account](\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2018\/09\/updated-balance.png\")
<\/a>Account details – sync time<\/p><\/div>\n
Syncing Account Balances<\/h2>\n
Your account will automatically sync itself so there is no action required on your part. However, if you want to manually sync your YNAB data, go to the Account List<\/em> page. Click on the “YNAB Sync” button updates all of your linked accounts.<\/p>\n
![\"Update](\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2018\/09\/ynab-update-all-accounts.png\")
<\/a>Update all YNAB linked accounts<\/p><\/div>\n
<\/p>\n
![\"Manual](\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2018\/09\/manual-sync-single-account.png\")
<\/a>Manual sync for a single account<\/p><\/div>\n
There is also a similar button on the Debt Details<\/em> page, but this one only updates the selected account. The preferred method is to use the one on the Account List<\/em> page to cut down on API traffic since it updates all of your accounts at once.<\/p>\n
![\"Synced](\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2018\/09\/my-synced-accounts.png\")
<\/a>Synced accounts shows a link icon next to the name<\/p><\/div>\n
Syncing Transactions<\/h2>\n
You can also import your account transactions by going to the Debt Details<\/em> page of the account your want to sync. Check the box labeled “Import transactions from YNAB”. The next time you click on the sync button, all of the transactions will be imported into Undebt.it<\/p>\n
![\"Importing](\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2018\/09\/ynab-sync-transactions.png\")
<\/a>Importing YNAB Transactions<\/p><\/div>\n
Handling Payment Transactions<\/h2>\n
If you have the YNAB integration turned on, then there are 3 ways to handle payment transactions.\u00a0It’s important to just use one of these methods for each debt account<\/u>.<\/p>\n
- \n
- Import from YNAB:<\/strong>\u00a0(as shown above) Have the payments flow from YNAB into Undebt.it automatically.<\/li>\n
- Autopay:<\/strong>\u00a0This is the standard “Autopay?” option on the debt details page. The payment transaction is automatically recorded in Undebt.it based off of the planned payment amount (regardless of what YNAB has).<\/li>\n
- Manual:<\/strong>\u00a0You can create manual payment transaction entries on the debt details page in the “add a transaction” section.<\/li>\n<\/ul>\n
For example, let’s say you have a credit card in YNAB that is linked to your lender. If you want to have everything automatically brought over into Undebt.it, you would want to use the import from YNAB option. However, if you have a loan that is not linked to YNAB, you will want to use the standard autopay or manual options.<\/p>\n
Un-linking Accounts<\/h2>\n
If you want to stop an individual account from syncing with YNAB, just go to the Debt Details<\/em> page and click the button labeled “Unlink From YNAB”. Repeat for each account you would like to un-link.<\/p>\n
- Autopay:<\/strong>\u00a0This is the standard “Autopay?” option on the debt details page. The payment transaction is automatically recorded in Undebt.it based off of the planned payment amount (regardless of what YNAB has).<\/li>\n
- Add the YNAB account to Undebt.it:<\/em><\/span> This will create a new Undebt.it debt account and then add it your list of active debts. Once the account is created, be sure to go to the Debt Details<\/em> page for the new account and change the interest rate, due date, account type and any other settings that YNAB does not store.<\/li>\n
- An active Undebt.it+<\/a> account. There is a one-click, free 30 day trial available<\/li>\n<\/ol>\n
- Import your YNAB transactions:<\/strong>\u00a0Undebt.it users won’t have to manually record their payment transactions once this option has been turned on. The payments and purchases you make on your credit card will be brought over to Undebt.it automatically.<\/li>\n<\/ol>\n
- Update your Undebt.it account balance:<\/strong> This feature will keep your debt account balance current with whatever YNAB has. This means that if you have your credit card account in YNAB tied to your online account and reconciled, everything will update automatically.<\/li>\n
![\"Unlinking](\"https:\/\/undebt.it\/blog\/wp-content\/uploads\/2018\/09\/unlink-account.png\")
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