You Need A Budget: Difference between revisions
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{{CompanyCargo | {{CompanyCargo | ||
|Founded=2004 | |Founded=2004 | ||
|Industry=Finance, Fintech, Financial Technology | |Industry=Finance, Fintech, Financial Technology | ||
|Logo=YNAB blurple logo. | |Logo=YNAB blurple logo.svg | ||
|Type=LLC | |Type=LLC | ||
|Website=https://www.ynab.com/ | |Website=https://www.ynab.com/ | ||
|Description=You Need A Budget (YNAB) is an online SaaS company that provides personal budgeting software that follows an envelope methodology. | |Description=You Need A Budget (YNAB) is an online SaaS company that provides personal budgeting software that follows an envelope methodology. | ||
}} | |CompanyAlias=YNAB}} | ||
Founded in 2004 by Jesse Mecham, '''You Need A Budget (YNAB)''' is a financial software company that provides cloud-based personal budgeting software following the envelope methodology. | |||
YNAB built its namesake software from an Excel spreadsheet for sale in 2004 into licensed releases, the last of which was "YNAB 4," for which support was discontinued in 2019.<ref name="timeline-ynab">{{Cite web |author= |title=Timeline <nowiki>|</nowiki> YNAB |url=https://www.ynab.com/about-us/timeline |website=[[YNAB]] |date= |access-date=16 Apr 2026 |url-status=live |archive-url=https://web.archive.org/web/20260416033503/https://www.ynab.com/about-us/timeline |archive-date=16 Apr 2026}}</ref><ref name="ynab-4-support-ends">{{Cite web |author= |title=YNAB 4 Support Ends October 2019 |url=https://www.ynab.com/blog/ynab-4-support-will-end-october-2019 |website=[[YNAB]] |date=11 Sep 2019 |access-date=16 Apr 2026 |url-status=live |archive-url=https://web.archive.org/web/20260416034125/https://www.ynab.com/blog/ynab-4-support-will-end-october-2019 |archive-date=16 Apr 2026}}</ref> With the release of "nYNAB" in December 2015, the company pivoted to a [[Software as a service|SaaS]] business model.<ref>{{Cite web |author= |title=The New YNAB Business Model |url=https://www.ynab.com/blog/the-new-ynab-business-model |website=[[YNAB]] |date= |access-date=16 Apr 2026 |url-status=live |archive-url=https://web.archive.org/web/20260416034644/https://www.ynab.com/blog/the-new-ynab-business-model |archive-date=16 Apr 2026}}</ref> | |||
==Consumer impact summary== | ==Consumer impact summary== | ||
{{ | ===User Freedom=== | ||
In order to use YNAB's service, users must agree to the YNAB [[Terms of Service]]<ref name="terms-of-service">{{Cite web |date=2026-04-09 |title=YNAB Terms of Service |url=https://www.ynab.com/terms |url-status=live |archive-url=https://web.archive.org/web/20260415171655/https://www.ynab.com/terms |archive-date=2026-04-15 |access-date=2026-04-15 |website=You Need A Budget}}</ref>, which, as of April 9th, 2026, includes agreeing to a mandatory [[Forced arbitration|binding arbitration]] with [[Class action|class-action]] and jury trial waiver for any users not based in the UK, Switzerland or European Economic areas. The terms outline a 30-day period available to such users after agreement to opt out of losing this right by emailing the company at their legal support email address. | |||
==Incidents== | ==Incidents== | ||
| Line 18: | Line 21: | ||
===Forced arbitration clause update to ToS (''April 2026'')=== | ===Forced arbitration clause update to ToS (''April 2026'')=== | ||
On April 9th, 2026, YNAB made updates to their [[Terms of Service]], which included a [[forced arbitration]] clause stipulating a 30-day window to opt out after accepting the terms by emailing YNAB's legal support email address.<ref | On April 9th, 2026, YNAB made updates to their [[Terms of Service]], which included a [[forced arbitration]] clause stipulating a 30-day window to opt out after accepting the terms by emailing YNAB's legal support email address.<ref name="terms-of-service"></ref> An email outlining the new changes was sent to existing users on the 13th, prompting some users to post and discuss the included arbitration notice on the "r/ynab" community forum on [[Reddit]]. The notice read: | ||
[[File:YNAB Email Forced Arbitration Section.webp|alt=YNAB Email's ToS update notice|thumb|YNAB Email's notice of mandatory arbitration update to ToS]] | [[File:YNAB Email Forced Arbitration Section.webp|alt=YNAB Email's ToS update notice|thumb|YNAB Email's notice of mandatory arbitration update to ToS]] | ||
<blockquote>'''Dispute resolution:''' In our Terms of Service, we're moving to arbitration for dispute resolution. This means if we ever have a legal disagreement, it would be resolved by a neutral arbitrator instead of a court or jury, and we'd each bring claims individually rather than as part of a class action. If you prefer to keep your right to go to court, you can opt out by emailing [email protected] within 30 days. Opting out won't affect your account or service in any way.<ref>{{Cite web |date=2026-04-13 |title=Gross, but typical changes to T's & C's |author=u/samebutanon |url=https://old.reddit.com/r/ynab/comments/1skkzeg/gross_but_typical_changes_to_ts_cs/ |url-status=live |archive-url=https://web.archive.org/web/20260415213053/https://old.reddit.com/r/ynab/comments/1skkzeg/gross_but_typical_changes_to_ts_cs/ |archive-date=2026-04-15 |access-date=2026-04-15 |website=Reddit}}</ref><ref>{{Cite web |date=2026-04-13 |title=Opt out of binding arbitration within next 30 days |author=u/discostu- |url=https://old.reddit.com/r/ynab/comments/1skm8yn/opt_out_of_binding_arbitration_within_next_30_days/ |archive-url=https://web.archive.org/web/20260415213135/https://old.reddit.com/r/ynab/comments/1skm8yn/opt_out_of_binding_arbitration_within_next_30_days/ |url-status=live |archive-date=2026-04-15 |access-date=2026-04-15 |website=Reddit}}</ref></blockquote> | <blockquote>'''Dispute resolution:''' In our Terms of Service, we're moving to arbitration for dispute resolution. This means if we ever have a legal disagreement, it would be resolved by a neutral arbitrator instead of a court or jury, and we'd each bring claims individually rather than as part of a class action. If you prefer to keep your right to go to court, you can opt out by emailing [email protected] within 30 days. Opting out won't affect your account or service in any way.<ref>{{Cite web |date=2026-04-13 |title=Gross, but typical changes to T's & C's |author=u/samebutanon |url=https://old.reddit.com/r/ynab/comments/1skkzeg/gross_but_typical_changes_to_ts_cs/ |url-status=live |archive-url=https://web.archive.org/web/20260415213053/https://old.reddit.com/r/ynab/comments/1skkzeg/gross_but_typical_changes_to_ts_cs/ |archive-date=2026-04-15 |access-date=2026-04-15 |website=Reddit}}</ref><ref>{{Cite web |date=2026-04-13 |title=Opt out of binding arbitration within next 30 days |author=u/discostu- |url=https://old.reddit.com/r/ynab/comments/1skm8yn/opt_out_of_binding_arbitration_within_next_30_days/ |archive-url=https://web.archive.org/web/20260415213135/https://old.reddit.com/r/ynab/comments/1skm8yn/opt_out_of_binding_arbitration_within_next_30_days/ |url-status=live |archive-date=2026-04-15 |access-date=2026-04-15 |website=Reddit}}</ref></blockquote> | ||
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==Products== | ==Products== | ||
{{ | ;nYNAB App Lineup<ref>{{Cite web |author= |title=The YNAB Lineup |url=https://www.ynab.com/our-app-lineup |website=[[YNAB]] |date= |access-date=16 Apr 2026 |url-status=live |archive-url=https://web.archive.org/web/20260416024921/https://www.ynab.com/our-app-lineup |archive-date=16 Apr 2026}}</ref> | ||
*YNAB for Web | |||
*YNAB for iPhone | |||
*YNAB for Android | |||
*YNAB for Apple Watch | |||
*YNAB API | |||
*YNAB Zapier integration | |||
;Pre-nYNAB Apps<ref name="timeline-ynab"></ref> | |||
*YNAB Excel spreadsheet (Sep 2004) | |||
*YNAB Pro (Nov 2006) | |||
*YNAB 3 (Dec 2009) | |||
*YNAB 4 (Jun 2012 - Oct 2019)<ref name="ynab-4-support-ends"></ref> | |||
==See also== | ==See also== | ||
*[[Forced arbitration]] | |||
*[[List of products and services with forced arbitration]] | |||
==References== | ==References== | ||
Latest revision as of 22:34, 16 April 2026
You Need A Budget
| Basic information | |
|---|---|
| Founded | 2004 |
| Legal Structure | LLC |
| Industry | Finance, Fintech, Financial Technology |
| Also known as | YNAB |
| Official website | https://www.ynab.com/ |
Founded in 2004 by Jesse Mecham, You Need A Budget (YNAB) is a financial software company that provides cloud-based personal budgeting software following the envelope methodology.
YNAB built its namesake software from an Excel spreadsheet for sale in 2004 into licensed releases, the last of which was "YNAB 4," for which support was discontinued in 2019.[1][2] With the release of "nYNAB" in December 2015, the company pivoted to a SaaS business model.[3]
Consumer impact summary
[edit | edit source]User Freedom
[edit | edit source]In order to use YNAB's service, users must agree to the YNAB Terms of Service[4], which, as of April 9th, 2026, includes agreeing to a mandatory binding arbitration with class-action and jury trial waiver for any users not based in the UK, Switzerland or European Economic areas. The terms outline a 30-day period available to such users after agreement to opt out of losing this right by emailing the company at their legal support email address.
Incidents
[edit | edit source]This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the You Need A Budget category.
Forced arbitration clause update to ToS (April 2026)
[edit | edit source]On April 9th, 2026, YNAB made updates to their Terms of Service, which included a forced arbitration clause stipulating a 30-day window to opt out after accepting the terms by emailing YNAB's legal support email address.[4] An email outlining the new changes was sent to existing users on the 13th, prompting some users to post and discuss the included arbitration notice on the "r/ynab" community forum on Reddit. The notice read:
Dispute resolution: In our Terms of Service, we're moving to arbitration for dispute resolution. This means if we ever have a legal disagreement, it would be resolved by a neutral arbitrator instead of a court or jury, and we'd each bring claims individually rather than as part of a class action. If you prefer to keep your right to go to court, you can opt out by emailing [email protected] within 30 days. Opting out won't affect your account or service in any way.[5][6]
A forced arbitration clause was not included in YNAB's Terms of Service exclusive to the United Kingdom, Switzerland, and EEA territories, also updated on April 9th.[7]
Products
[edit | edit source]- nYNAB App Lineup[8]
- YNAB for Web
- YNAB for iPhone
- YNAB for Android
- YNAB for Apple Watch
- YNAB API
- YNAB Zapier integration
- Pre-nYNAB Apps[1]
- YNAB Excel spreadsheet (Sep 2004)
- YNAB Pro (Nov 2006)
- YNAB 3 (Dec 2009)
- YNAB 4 (Jun 2012 - Oct 2019)[2]
See also
[edit | edit source]References
[edit | edit source]- ↑ 1.0 1.1 "Timeline | YNAB". YNAB. Archived from the original on 16 Apr 2026. Retrieved 16 Apr 2026.
- ↑ 2.0 2.1 "YNAB 4 Support Ends October 2019". YNAB. 11 Sep 2019. Archived from the original on 16 Apr 2026. Retrieved 16 Apr 2026.
- ↑ "The New YNAB Business Model". YNAB. Archived from the original on 16 Apr 2026. Retrieved 16 Apr 2026.
- ↑ 4.0 4.1 "YNAB Terms of Service". You Need A Budget. 2026-04-09. Archived from the original on 2026-04-15. Retrieved 2026-04-15.
- ↑ u/samebutanon (2026-04-13). "Gross, but typical changes to T's & C's". Reddit. Archived from the original on 2026-04-15. Retrieved 2026-04-15.
- ↑ u/discostu- (2026-04-13). "Opt out of binding arbitration within next 30 days". Reddit. Archived from the original on 2026-04-15. Retrieved 2026-04-15.
- ↑ "YNAB Terms of Service (UK, Switzerland, EEA)". You Need A Budget. 2026-04-09. Archived from the original on 2026-04-15. Retrieved 2026-04-15.
- ↑ "The YNAB Lineup". YNAB. Archived from the original on 16 Apr 2026. Retrieved 16 Apr 2026.