609 episodes

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.

You Need A Budget (YNAB‪)‬ Jesse Mecham

    • Education
    • 4.6 • 971 Ratings

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.

    What If Your Coworkers Weren't Stressed About Money?

    What If Your Coworkers Weren't Stressed About Money?

    It's no surprise, but employees carry their money stress into work with them. And that stress not only affects their performance at work, it affects their happiness and, by extension, increases turnover. 
     
    Jesse shares results from a survey of over 3,000 YNAB'ers in the US who work full-time jobs in a variety of age ranges and income levels. YNAB found that only 24% of YNAB users experienced financial distress over the past two years of pandemic-fueled chaos -- pretty amazing compared to a broader survey of American workers by PWC which reported 63% experiencing financial distress. Another interesting stat: 93% of YNAB'ers reported being able to cover a $1,000 emergency expense, compared to just 13% of the PWC survey respondents. YNAB is clearly a powerful tool for financial stability!
     
    Now, YNAB is helping to bring budgeting into the workplace with Financial Wellness by YNAB.
    https://www.youneedabudget.com/wellness/
     
    Email Jesse your stories about YNAB in the workplace:
    askjesse@ynab.com
     

    • 12 min
    Ask Jesse: How Do You Move On... From Budgeting?

    Ask Jesse: How Do You Move On... From Budgeting?

    Britney writes into the show to ask, as a long time fan and follower of various personal finance resources, what should she do now that her family's budget is pretty much dialed in? How can she avoid constantly looking at the app to check that the budget is still working?
     
    Jesse reminds us that budgeting should, eventually, become boring for everyone. It may not be the goal, but it's at least a hallmark of a succesful budgeting practice! After that, maybe it's time to find a new hobby...
     
    Antifragile: Things That Gain from Disorder by Nassim Taleb
    https://www.amazon.com/Antifragile-Things-That-Disorder-Incerto/dp/0812979680
     
    Send Jesse an email at:
    askjesse@ynab.com
     
    Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

    • 4 min
    Mid-Year Check In: Are You Still Clear On Things?

    Mid-Year Check In: Are You Still Clear On Things?

    It's right about the mid-point of the year... how's your budget doing? Are you still clear on your priorities, and what jobs your dollars should be doing for you? If you've found yourself Rule Three'ing everything and rolling with the punches month after month, perhaps it is time to revisit your goals, reevaluate your priorities, and revise your budget accordingly.
     
    Send Jesse an email at:
    askjesse@ynab.com
     
    Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

    • 4 min
    Ask Jesse: What Do I Do With My Investments Now?

    Ask Jesse: What Do I Do With My Investments Now?

    A listener writes into the show -- what should she do with her investments in this market? Each week she is seeing the value of her portfolio go down, and she is losing as much value as what she puts in each month. Ouch! Jesse reminds us not to panic, and to go back to your written investment plan (you have one of those, right?).
     
    Why are you investing in the first place? What is your time horizon? Do you think the economy will grow in the (long-term) future? If yes -- and this has been historically true over a long time horizon -- then a broad market index will also grow over the long run, and sticking to your investment plan is the thing to do.
     
    Jesse has another recommendation: look at the number of shares you own, not the value of those shares on paper. If your number of shares is going up, then your portfolio is still growing by an important metric!
     
    Investing books mentioned in the show:
    The Little Book of Common Sense Investing by Jack Bogle A Random Walk Down Wall Street by Burton Malkiel The Bogleheads Guide to Investing The Four Pillars of Investing by Bernstein  
    Send Jesse an email at:
    askjesse@ynab.com
     
    Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

    • 9 min
    Revisiting a Hot Take on Index Investing

    Revisiting a Hot Take on Index Investing

    On a recent Budget Nerds episode, Jesse threw out a hot take that index investing isn't all it's cracked up to be. Jocelyn wrote into the show to ask... why exactly? Jesse explains himself in today's episode.
     
    Investing Books mentioned in the show:
    The Little Book of Common Sense Investing by Jack Bogle A Random Walk Down Wall Street by Burton Malkiel The Bogleheads Guide to Investing The Four Pillars of Investing by Bernstein  

    • 4 min
    How to Budget When Everything Is Expensive

    How to Budget When Everything Is Expensive

    As inflation continues to rear it's ugly head in 2022, prices are going up and up, meaning budgets are getting stretched thin. Inflation is essentially another form of scarcity, Jesse points out, albeit involuntary scarcity. Jesse reminds us that scarcity is what drives us to be creative with the budget, and get more clear about our values.
     
    Budgeting is also an active process, so this time of inflation is a good time to dig deeper into every category, find the things that are auto-pilot and re-evaluate whether they shoud continue to be so. By exercising your Four Rules muscles, you can stay positive and confident about your financial strategy even when economic prospects are alarming.
     
    Send Jesse an email at:
    askjesse@ynab.com
     
    Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

    • 9 min

Customer Reviews

4.6 out of 5
971 Ratings

971 Ratings

maddie@podcastingyou ,

Super informative!

This podcast is a must listen for anyone, anywhere! An incredible resource to improve your financial literacy and achieve financial freedom, one step at a time. Highly recommend!

Kmelfi10118 ,

Older episodes are better

November 2021 UPDATE.

I wrote the review below about a year ago and gave 3 stars. Maybe someone read it or maybe it was just serendipity, but the past year, YNAB has really stepped up the podcast, like 1000% improved it. I stand corrected!!!

November 2020:
Love the YNAB software, have been using various versions of it since 2013. Discovered this podcast early 2019 and binged the old episodes and listened to the new ones each week in real time. The last 6 months have been hit or miss, some episodes are short and pointless. I really feel like it could be so much more, maybe if there were listener submitted topics or questions? Still love YNAB, their blog on their website is awesome and the free classes are great

agooseff ,

Response to Ep 564

Jesse asked for someone who has deliberately chosen to invest instead of pay off their mortgage. 🙋🏻‍♀️To preface, I had been saving for a house, staying away from debt, auto investing, & listening to all episodes of this podcast in preparation to prepare myself mentally for a mortgage. Our brokerage had grown significantly & we had enough money to pay for our house in cash, but we chose to use our investment to put 50% on down payment and kept 50% in the market. By knowing our numbers and by using ynab, we knew that the mortgage payment would be something we could afford without impacting our lifestyle. Now, 2-years later we have more than recouped the down payment with the investments we left in the market, we refinanced to get a lower interest rate, we continue to pay the old mortgage number to pay our mortgage faster (treating our 30-year as a 15-year), and we are writing off the interest of our mortgage for a tax break.

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