'You Need a Budget' Gets a 'Leg-Up' from App-Up

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Financial Software Newest Featured Product in Intel's AppUp Store

It's well worth the investment. We're excited to have it in the store.

Personal finance software, “You Need a Budget,” is the newest addition to the Intel AppUp store, announced Russ Beutler, an Operations Manager for Intel's Software Network. Priced at $59.95, YNAB is a cross-platform application that is fully compatible with Macs, Windows, and Linux. “I, myself, have used this application in the past,” commented Beutler. “I bought it in 2005 and it's a really exciting application.” Until now, the software has only been available through the YNAB website or Amazon.com. “Intel heavily sought us out,” said Jesse Mecham, founder of YNAB. “This is really going to open up a lot of channels for us.”

Launched in 2004, the software is a money-managing program and a methodology in one. Like many programs, YNAB helps the user plot and track spending in personalized categories. However, the innovation comes from YNAB's four rules of personal finance: give every dollar a job, save for a rainy day, roll with the punches, and stop living paycheck to paycheck. Instead of planning bills around the current month's income, YNAB encourages users to live off of the previous month's earnings. This gives an exact idea of available funds when paying bills. It also creates a “buffer” of money, giving the user breathing-room when the unexpected happens.

“Whenever a person really becomes conscious of their spending, he or she automatically begins to make wiser choices about how that money should be spent,” said Mecham. YNAB users prove this to be true. After implementing YNAB methodology for three months, users saw a median account balance increase of $450. “It's well worth the investment,” said Beutler. “We're really excited to have it in the store.”

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