I haven’t done budgeting since November 2022 (9 months!). Mainly because I’m out of track.
Before getting out of track, I’ve been consistently doing it for the past 5 years.
I’ve attempted twice to get my budget in order, but the backlog is just too much. There’s a lot to account for, there’s a lot to tally. After spending several hours hours backtracking, I gave up.
YNAB have this concept of not caring about past expenses. There’s nothing you can do with money already spent.
Even though it’s good to have 5 years worth of data, it’s only a nice-to-have. If I continue to operate without a budget, I’m risking myself to be in a position where I anxiously wait when my next paycheck will be. Kahig-tuka ba.
Another side-effect is it’s also getting incredibly difficult to make big financial decisions without knowing where I stand financially.
I decided to let go and do a fresh start.
Switching back to Classic YNAB
Since I’m going to start fresh, it’s a perfect time to switch back to Classic YNAB.
I love YNAB methodology. It fits my thinking. It helped me manage my money when I started earning.
Over the years, the company behind YNAB changed and they pivoted the product to one-time purchase to a monthly subscription. I had no problem with it, especially with a grandfather’ed pricing where I got a discounted monthly fee. I’m happy to pay because it literally changed how I think about money.
A couple of years more, they increased the price twice. It felt like they lock you down with their methods, and leave you no choice but to accept their pricing change.
It’s been on my list to move out of YNAB. I was looking for something that I can use in my lifetime. I tried Firefly III (an open-source alternative but with different methodology), GnuCash (another open-source alternative), but the YNAB method is already ingrained in me.
Luckily, I’m not alone feeling this way. The community made the classic YNAB 4 work on a modern OS.
Knowing for a fact that it will not change (it hasn’t been updated since 2019) gives me confidence it will still work for the foreseeable future. I can build my budgeting process without getting affected on any change of direction of the company behind it.
Y64 provides a bash script that will download the latest YNAB 4 and the latest Adobe AIR 64-bit runtime and compile it to a working app. Running the script will output a working YNAB 4 app.
The app itself aged like a fine wine. It’s still perfectly usable and does not feel old.
YNAB does not sell license anymore for the classic YNAB. Since it’s already unsupported, the way to workaround this is to adjust the trial mode end-date by editing the license file.
~/Library/Application\ Support/com.ynab.YNAB4.LiveCaptive/Local\ Store/.lic
Edit the date and save
With all this prepared, I’m now in a good position to make a fresh start.