The YNAB Podcast podcast

The YNAB Podcast

A weekly dose of just the right medicine to help you get out of debt, save more money, and beat the paycheck to paycheck cycle.

A weekly dose of just the right medicine to help you get out of debt, save more money, and beat the paycheck to paycheck cycle.

 

#715

Run Like You Stole Something (to HR)

Well meaning companies will bring in financial advisors to extol the virtues of investing in 401ks and matching plans, while some of their employees are still living paycheck to paycheck. With YNAB, you can take control of your money and get off the paycheck to paycheck cycle, then run to HR and take that 401k match like you stole it!     Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

23 hrs Ago

08 MINS

08:30

23 hrs Ago


#714

Money Is Chaotic, Money Is Boring

Money can be chaotic, noisy, tinged with anxiety and fear. Or, with YNAB, it can be boring! At YNAB we strive for money to be boring, so that life can be rich, exciting, and full.   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

17 Jun 2024

06 MINS

06:34

17 Jun 2024


#713

Shock Absorbers

As the saying goes, "stuff" happens. Life throws curveballs, sometimes several in a row, and YNAB'ers prepare for this financially by following the Four Rules: 1--Give every dollar a job 2--Embrace your true expenses 3--Roll with the punches 4--Age your money Today's episode is mostly about rule #3. When you roll with the punches, you reassign money you have saved up for other expenses in the future to cover the unexpected expense you are facing right now. After working the method for a while, you'll build up more and more money in your categories, and therefore have more money available to cover unexpeceted expenses when life decides to throw you a curveball. Think of your money like shock absorbers -- it doesn't take away all the pain or stress of unforeseen circumstances, but it does take away the money stress, which can be a blessing!   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

10 Jun 2024

06 MINS

06:53

10 Jun 2024


#712

Category Tractor Beam, Sucked Me Right In

Those categories that you love to spend in, those categories that suck you right in. What if you could increase your spending in that category by 50%? Jesse challenges you that you can in fact do this, by honing in on the things you love, and the things you don't. Spend less on the things you don't love -- not because you are cutting! -- but so that you can spend more on the things you love.   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

03 Jun 2024

09 MINS

09:19

03 Jun 2024


#711

Can You Plan to Be Spontaneous?

According to Jesse, absolutely you can! In fact, YNAB enables you to be more spontaneous. Planning your spending with YNAB doesn't mean locking your dollars into rigid categories that cannot change. It means setting aside money ahead of time for the things you don't know you want yet. Many people who thrive on spontaneity unfortunately end up in financial trouble, because they're never sure whether they have the money to afford their spur of the moment purchases and experiences. Using YNAB, however, you can set up categories whose only purpose is to hold money for spontaneous expenses, so that when the time comes you can spend the money without worrying about the consequences later. It's already there, and it's meant to be spent!   Celebrate YNAB's 20th Anniversary: YNAB Fan Fest, September 21, 2024 <a href= "https://www.ynab.com/events">https://www.ynab.com/events</a>   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

27 May 2024

05 MINS

05:57

27 May 2024


#710

Helping Savers Spend

We tend to think of spending as a problem that needs to be solved, however YNAB encourages spending as a thing to be enjoyed, as long as that spending is in accordance with priorities and people understand the tradeoffs they are making when they spend. In the world of personal finance we also tend to think about people who are natural spenders, but they are natural savers as well, and YNAB can help them too! Jesse responds to a comment from a YNAB team member who identifies as a natural saver, who has used YNAB to learn to love spending money as much as she does saving it.   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

20 May 2024

07 MINS

07:09

20 May 2024


#709

Cheaper Milk and Eggs

Jesse fields a question from the YNAB team about how he stays positive in light of rapidly increasing grocery prices.   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

13 May 2024

08 MINS

08:32

13 May 2024


#708

Ask Jesse: Heady Books and Final Settlement, Among Other Things

Jesse answers another round of questions from his inbox, including a number of suggestions for new books to read!     Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

06 May 2024

14 MINS

14:33

06 May 2024


#707

It's Just No Way to Live

It's not uncommon for people to remark to Jesse that they wished they would have found YNAB sooner. The four habits are such a powerful tool for bringing clarity to your money and joy to your spending. Today Jesse wants to remind you that regretting the past is no way to live!   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

29 Apr 2024

04 MINS

04:43

29 Apr 2024


#706

What's the Alternative?

Jesse reviews the Four Rules and takes issue with those who say, "yeah must be nice to have extra money to make a plan with... everything I make is spoken for." It's true, there are some people who have a legitimate income problem. But this argument often becomes an excuse to not actually make plans for your money, to not try to follow the rules and start to get ahead on your expenses. After all, what's the alternative?   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

22 Apr 2024

08 MINS

08:02

22 Apr 2024


#705

Your Biggest Single Expense

Your biggest single expense is one you probably don't think about much... unless you're American and it's April 15th. You may think it's housing, or maybe education, or raising kids, but all those costs are dwarfed by the elephant on your income statement: taxes. We are taxed in hundreds of ways, some obvious like income taxes and sales tax, others more insidious like fuel tax, air travel tax, liquor tax, etc, etc. Jesse points this out to demonstrate something important -- you can be desensitized to almost any expense, even the single biggest expense in your life!   Beginning Balance Podcast with Jesse and Mark Butler Apple: https://podcasts.apple.com/us/podcast/beginning-balance/id1569423517 Spotify: https://open.spotify.com/show/7APubdzXN2eeeMdNpCLkiy?si=75eb73f1ac0a49ba   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

15 Apr 2024

06 MINS

06:55

15 Apr 2024


#704

Let's Cut Spending!

Let's cut spending! And then... what exactly? The all too common advice that you need to "cut spending" implies that your level of consumption is simply too high. That may or may not be the case, but in Jesse's experience and the thousands upon thousands of people YNAB has helped to regain control over their money, "spending less" is rarely the problem. Most people don't have a spending too much problem, they have a spending on the wrong things problem. For that reason, you'll never hear Jesse give advice to just "cut spending."   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

08 Apr 2024

06 MINS

06:19

08 Apr 2024


#703

Ask Jesse: Perfect YNAB, Tithing Confusion, and More Credit Card Comments

Jesse answers another round of questions from YNAB listeners. Today someone asks whether there is such a thing as "perfect YNAB" use and if good enough use is OK (yes!). Another YNAB'er is confused on how to calculate tithes for business income, and, as always, there are some questions and comments about credit card rewards.   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

01 Apr 2024

12 MINS

12:19

01 Apr 2024


#702

Gaming the Credit Card System... Maybe

Jesse answers a question from a listener who argues that becuase he carries enough cash to cover his credit card spending at all times, he is not riding the float and therefore is gaming the credit card companies. Jesse quotes Charlie Munger -- "show me the incentive, and I'll show you the outcome" (he actually said outcome not behavior) -- and observes that financial institutions have big incentives to encourage more spending, because spending increases their fees. So where there's an incentive, there's a behavior they want to encourage, and using credit cards is it. In Jesse's experience, ditching the credit card has made him less likely to impulse spend, and that experience is likely what financial institutions have figured out!     Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

25 Mar 2024

05 MINS

05:16

25 Mar 2024


#701

Inherent Value Doesn't Exist

Jesse argues that the common refrain of a thing having "inherent value" or "intrinsic value" is not actually a thing. As Jesse explains, value is a moving target, constantly shifting along with our desires and material circumstances. To a starving man, food is worth more than gold. To that same man well-fed, it can be worth little. We see this with our own money -- as our circumstances change, the categories we prioritze shift. Rule 3, roll with the punches, acknowledges the ever-shifting nature of our needs and desires, and challenges us to make trade-offs to materialize those changes in our financial plans. To that end, nothing has an inherent value, but rather a variable value, the only certainty being that it will fluctuate over time.   Beginning Balance Podcast -- the show Jesse mentions has not aired yet, but will be coming soon! In the meantime, check out more of Jesse's musings about money here: Apple: <a href= "https://podcasts.apple.com/us/podcast/beginning-balance/id1569423517"> https://podcasts.apple.com/us/podcast/beginning-balance/id1569423517</a> Spotify: <a href= "https://open.spotify.com/show/7APubdzXN2eeeMdNpCLkiy?si=19e8c25d5b104494">https://open.spotify.com/show/7APubdzXN2eeeMdNpCLkiy?si=19e8c25d5b104494</a>   Got a question for Jesse? Send him an email: [askjesse@ynab.com] (mailto:askjesse@ynab.com)   Sign up for a free 34-day trial of YNAB at <a href= "https://www.youneedabudget.com">www.youneedabudget.com</a>   Follow YNAB on social media: Facebook: <a href= "https://www.facebook.com/iYNAB/">@iYNAB</a> Instagram: <a href= "https://www.instagram.com/youneedabudget/">@youneedabudget</a> Twitter: [@ynab] (https://twitter.com/ynab) Tik Tok: <a href= "https://www.tiktok.com/@ynabofficial?lang=en">@ynabofficial</a> ... Read more

18 Mar 2024

06 MINS

06:52

18 Mar 2024