You Need A Budget (ynab)

Informações:

Synopsis

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

Episodes

  • One Easy Trick to Boost Your Retirement Savings

    26/06/2023 Duration: 05min

    We all know we need to save for retirement, but it can feel a long ways away. Savings can always wait while you deal with something more urgent, it seems, until all of a sudden retirement starts staring you in the face!   The most important factors in saving for retirement are starting early, and consistency, Ernie reminds us. How do you create consistency? There's an easy trick. If you're not yet, start contributing something -- anything! -- to your retirement accounts now. That amount will be some percentage of your income. Each quarter, increase that percentage of your income you are contributing by 1%. It doesn't seem like much, but it adds up fast! And most importantly, it's a slow enough change that it gives you time to adjust. As one YNAB listener writes in, it doesn't even feel like you're missing the extra money, while at the same time it's encouraging to see your retirement accounts going up.     We want to hear your YNAB stories! Please take a moment to tell us about your biggest budgeting wins her

  • This Question Doesn't Have to Be Scary: Can I Afford This?

    19/06/2023 Duration: 09min

    Ben and Ernie ask a question that strikes fear into those who don't budget (and sometimes to those who do): can I afford this? At least for YNAB'ers, this question isn't about whether you have the dollars and cents in your bank account to make the purchase, it's about your emotion, how you feel about buying the thing in question versus something else. As Ben explains, it's about opportunity cost, and luckily YNAB is very good at helping you understand opportunity costs with your money.   We want to hear your YNAB stories! Please take a moment to tell us about your biggest budgeting wins here: https://youneedabudget.typeform.com/ynaber-stories     Follow Ben and Ernie on the Budget Nerds Podcast Apple: https://podcasts.apple.com/us/podcast/budget-nerds/id1606054345 Spotify: https://open.spotify.com/show/0H1u8pqYrvz6zj6noHbkB3?si=fc181a82b8d540a6   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • A Different Take on Credit Cards

    12/06/2023 Duration: 10min

    Ben and Ernie tackle the big credit card question (should you use them?) that Jesse has been wrestling with this year, with a slightly different take. Ben, of course, does not use credit cards as he shared with Jesse in episode #621. Ernie, on the other hand, has done it both ways, cutting up the credit card during times of his life where he was busy paying down debt, and now using it judiciously to accrue travel points that he can use on family vacations.   We want to hear your YNAB stories! Please take a moment to tell us about your biggest budgeting wins here: https://youneedabudget.typeform.com/ynaber-stories     Follow Ben and Ernie on the Budget Nerds Podcast Apple: https://podcasts.apple.com/us/podcast/budget-nerds/id1606054345 Spotify: https://open.spotify.com/show/0H1u8pqYrvz6zj6noHbkB3?si=fc181a82b8d540a6   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Paying Off Debt the Sustainable Way

    05/06/2023 Duration: 06min

    Jesse is taking a break for the summer, so Ben and Ernie (from the Budget Nerds podcast) are stepping in to guest host.  Today, they talk about paying off debt... sustainably! So many personal finance resources urge people to pay off debt as soon as they can, and white knuckle their way toward financial freedom. While this can work for short periods of time, for many people paying off debt is a marathon, not a sprint, and white-knuckling has many pitfalls.   For one, when you're throwing every dollar and focusing all of your energy on paying off debt, it's easy to ignore Rule Two -- embracing your true expenses. If you get hit by an unplanned expense and you've thrown all your extra cash at your debt, then you may find yourself reaching for the credit card... and thereby accruing more debt. So, Ben and Ernie urge you to take things a little slower. Work the Four Rules, budget for true expenses, and have some cash reserves set aside, so that your journey to pay off debt doesn't start going backwards.   And mor

  • Rule Four Reviewed

    29/05/2023 Duration: 09min

    Beef is pretty good aged, but you know what's even better? Aging your money! That's Rule Four -- aging your money. Basically, increase the amount of time between when you earn the money and when you spend it. By following Rule One through Three, you can accumulate cash in your categories and pre-fund future expenses, thereby increasing your options.   When you have a lot of cash available, you have options for handling unexpected expenses, taking advantages of opportunities (which require money/investment), or simply changing your strategy. It's easy to re-assign dollars that are already in categories, but you have to have the dollars there in the first place. That's the essence of aging your money.   Facebook: @iYNAB Instagram: @youneedabudget Twitter: @ynab Tik Tok: @ynabofficial   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Rule Three Reviewed

    22/05/2023 Duration: 05min

    Be like the reed... blowing in the wind. It's not a haiku, Jesse is talking about Rule Three -- rolling with the punches. Life happens, and unexpected things are going to pop up that could break the budget. When you roll with the punches however, you check the budget, find the money for the unexpected expense in another category, and fund the expense by moving money from that category.   The key here is that you check the budget and find the money first! You don't simply spend the money and try to figure it out later.   Facebook: @iYNAB Instagram: @youneedabudget Twitter: @ynab Tik Tok: @ynabofficial     Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Rule Two Reviewed

    15/05/2023 Duration: 08min

    It's back to basics time! Rule Two in the YNAB method is "embrace your future expenses." In short, think about the things you will have to buy or pay for in the future, and act on them NOW. Car going to need new tires in six months? Don't wait till they need replacing to budget for them, start budgeting now! Save a portion of the replacement cost each month until you've reached the replacement cost for those tires.   Really Rule Two is Rule One again, give every dollar a job. You're giving your dollars jobs today, to pay for expenses tomorrow.     Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Rule One Reviewed

    08/05/2023 Duration: 04min

    Jesse is going back to basics and reviewing the Four Rules, which are the foundation of YNAB. The first rule: give every dollar a job. What does that mean exactly? YNAB wants you to live and spend according to your values and priorities -- the things that are most important to you. In order to do that, you first have to start giving your dollars jobs that are in line with your priorities. That's the heart of Rule One.   YNAB wants to hear from you! YNAB is running a contest between now and May 11th. The contest is simple: share your mother's method to living well, in the style of the YNAB Four Rules if you can. One person will be chosen at random, and the winner will receive a $100 VISA gift card!   To enter the contest, write a post with your mother's rules to live by, told in YNAB "four rules" style, on any of YNAB's social media channels -- Facebook, Instagram, Twitter, or Tik Tok. Make sure to tag YNAB, and include the hashtag #fourrulestoliveby in your post. Winner will be announced on May 11th, 2023!  

  • A Mother's Method for Living Well (Contest Announcement!)

    01/05/2023 Duration: 04min

    At a recent YNAB all-hands meeting, Sarah gave a personal presentation about her "Mama's Method," rules her mother gave her for living well. Sarah told them in YNAB Four Rules style: Give every moment a job Embrace yourself and others Roll with it Age is just a number (play a lot!)   In honor of Sarah's presentation, and upcoming Mother's Day, YNAB wants to hear from you! YNAB is running a contest between now and May 11th. The contest is simple: share your mother's method to living well, in the style of the YNAB Four Rules if you can. One person will be chosen at random, and the winner will receive a $100 VISA gift card!   To enter the contest, write a post with your mother's rules to live by, told in YNAB "four rules" style, on any of YNAB's social media channels -- Facebook, Instagram, Twitter, or Tik Tok. Make sure to tag YNAB, and include the hashtag #fourrulestoliveby in your post. Winner will be announced on May 11th, 2023!   Facebook: @iYNAB Instagram: @youneedabudget Twitter: @ynab Tik Tok: @ynaboff

  • What's In Your Financial Shovel of Dirt?

    24/04/2023 Duration: 05min

    Jesse shares a story about growing sweet potatoes and shoveling dirt... lots and lots of dirt. There's a metaphor here about budgeting too. It's work, and sometimes takes a long time to pay off. But steady, sustainable work day after day yields big results!   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Giving Future You A Bit More Negotiation Ammo

    17/04/2023 Duration: 06min

    Jesse shares a trick for improving your Rule Two planning (Embrace Your True Expenses), and better prepare for the next unexpected expense.   Jesse suggests pulling your last six months of bank statements, and quickly scanning them for large expenditures. Look at the number of digits, and flag the transactions that have a large number of digits (to you). This should only take a few minutes. Note the payee. This exercise is the first place to look when planning for future unexpected expenses. Did you get in a fender bender and end up with a $1,000 bill from the body shop? Did you hire a plumber to fix some leaking pipes in your basement? These are possible future expenses you can use Rule Two to plan for.   Now, hopefully you won't be getting into fender benders on a regular basis! But that auto shop expense might trigger you to think about upcoming regular car maintenance that you haven't yet budgeted for. Likewise, owning a house means regular maintenance, so at some point you're probably going to call a plu

  • Paid In Full, But Always in Debt

    10/04/2023 Duration: 07min

    Jesse continues his rant about exploration of credit card use, observing that "paid in full" users are, technically, always in debt. Paid in full users are people who have the cash at any moment to pay off their credit card balance in full, but choose to pay off the balance before the next billing cycle. While they do pay off the balance regularly (monthly, or weekly, maybe even daily), and thus never incur interest, they are in debt until the moment they pay off the balance. And of course, after they have paid off the balance, they are again in debt as soon as they charge the next expense on their credit card.   Does the distinction matter though? Jesse ponders the question, and gives an update on his own experiment of only using a debit card for expenses in 2023.   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Jesse Chats with a Guy Who Has Never Used a Credit Card

    03/04/2023 Duration: 34min

    Jesse talks with a man who has never used a credit card -- YNAB's own Ben Barlowe, who you may also recognize from the Budget Nerds podcast. Ben is 34 years old, has four children, a house (purchase with a mortgage), and a busy life! Believe it or not, he has been able to navigate life without ever having used a credit card.   Ben discusses the reasoning behind his personal decision to not use credit cards, how he obtained a mortgage with no credit score, and how he manages day to day expenses such as renting cars without a credit card.   Credit cards are ubiquitous these days, but that doesn't mean you HAVE to use one. Ben demonstrates that it's possible to have a robust, well-planned financial life without credit!   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Ask Jesse: Talk Slower, Pay Down Debt Faster

    27/03/2023 Duration: 10min

    It's time for another round of Ask Jesse! Jesse fields questions from podcast listeners about how to manage multiple bank accounts, negative budgeting, and whether he can slow down his speech pattern (sorry Leslie!)   Find a YNAB Certified Coach: https://www.ynab.com/coaching-directory/   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Rule One and the Pursuit of Nothing

    20/03/2023 Duration: 03min

    Jesse challenges the idea of constantly pursuing something financially. For many of us in the modern world, our default is to always be chasing something -- more things, more experiences, more retirement funds, more debt paid down. Some of these things are a net good, some... maybe not. Jesse reminds us that our financial life doesn't always have to be in pursuit of something. It's ok to just let your money support your life, and nothing more. Can you do that, just for a little while?   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Expensive Is a Lazy Word

    13/03/2023 Duration: 03min

    When people say "that's too expensive," what do they mean really? That they can't afford it, that it costs too much for a certain group of people, that it costs too much on principle? Jesse relates Rule One to the word "expensive" and concludes that its meaning is too slippery to be a useful term for people following the Four Rules.   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Ask Jesse: Travel Hacking, Credit Cards, and YNAB'er Experiences

    06/03/2023 Duration: 13min

    In this installment of Ask Jesse, Jesse answers questions from podcast listeners about travel hacking and credit card and debit card fraud protection. He also reads an experience from one YNAB'er who switched from using credit cards to debit cards.   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Rule One and DIY FTW

    27/02/2023 Duration: 03min

    Jesse analyzes a recent situation in which he was planning to build something in his wood shop, when a friend remarked that he could buy the same thing a lot cheaper. While we talk about money all the time in YNAB, and frequently equate money with time, and discuss the tradeoffs of buying this thing versus that thing -- Jesse reminds us that we don't have to think of everything in terms of economic decisions. Sometimes you give dollars a job (Rule One) which is for sheer enjoyment.   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Debit vs Credit Card Smackdown (and a Rant)

    20/02/2023 Duration: 15min

    In response to episode #603 "You Spend More Money with Credit Cards," many listeners wrote Jesse to pick a bone with his claim that the debit card was a superior way to pay for things. The arguments usually boil down to the assertion that credit cards have better purchase protection and fraud prevention compared to debit cards. Jesse addresses these concerns, and more, on today's episode.   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

  • Ask Jesse: Save for Cars or Pay Down Mortgage, Debt Consolidation, and How Do You Know When to Spend?

    13/02/2023 Duration: 15min

    Jesse answers questions from the YNAB mailbag, including whether a couple should save for new cars to replace aging vehicles, or pay down the mortgage faster, whether debt consolidation is a good idea, and how exactly do you know when it's ok to spend money?   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

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