632 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 • 984 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.

    You Spend More Money with Credit Cards

    You Spend More Money with Credit Cards

    It's a fact, you do. We know this because banks LOVE credit cards, and they're incentives for using credit cards rely on the fact that many people spend more money on credit than they would otherwise. Jesse meditates on the nature of credit card fees, incentives, and the game that banks play to get people to spend on 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

    • 12 min
    The Different Tenses of Money

    The Different Tenses of Money

    Jesse riffs on the idea that money has different "tenses," that is, money's purpose is to be spent, and spending can happen in the past, present, or future. Debt is past spending, savings is future spending, and so on. It's an interesting idea, one that might help you better visualize the purpose of money in your own life, and how it aligns with your priorities.
     
    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

    • 4 min
    Rule One and Gratitude

    Rule One and Gratitude

    For everyone listening in the United States, Happy Thanksgiving! Jesse encourages us this week to step back and make a list of everything we are thankful for. Taking a moment to express your gratitude for the things you have and the things that are going well in your life is not only good for your soul, it's good for your budget too! We tend to spend so much of our time in the weeds of categories and transactions, that a little time looking at the big picture and being grateful can help us get back in touch with our priorities. Is what you have enough, is it sufficient?
     
    As Jesse says, you really can't be too grateful!
     
    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

    • 3 min
    What's the Most Expensive Thing You've Budgeted For? YNABers Share

    What's the Most Expensive Thing You've Budgeted For? YNABers Share

    Jesse shares results from a recent survey of YNABers asking: "what's the biggest thing you've saved for with YNAB?" Vacations, cars, houses, college... there are some big line items indeed!
     
    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

    • 6 min
    Ask Jesse: What's the Most Important Metric?

    Ask Jesse: What's the Most Important Metric?

    YNAB'er Allison asks: of all the metrics in the YNAB software, which is the most important one to track? To which Jesse answers... none of them! Jesse prefers to track net worth over time, which is not captured in YNAB since it's a calculation of the value of what you own minus what you owe. As Jesse explains, though, if you are working the Four Rules well, then you will create more opportunties to save and invest money and pay off debt, all of which will increase your net worth. 
     
    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
     

    • 5 min
    The Last $300

    The Last $300

    Once you've started working the Four Rules, you start to realize that most of your money is kind of... spoken for. You need to pay the rent, the utlities, insurance, and so on. When you get through the list of non-negotiables, there's often just a few hundred dollars each month to play around with in the budget, and those dollars are where the real gains are made. Like David Bach's "latte factor," the small optional expenses we accumulate without budgeting properly can add up to big savings over a surprisingly short amount of time.
     
    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
     

    • 4 min

Customer Reviews

4.6 out of 5
984 Ratings

984 Ratings

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.

hikingguy456 ,

Should have started long ago….

My daughter, attending BYU many years ago, suggested I begin using YNAB. Being the financial guy that I was, I loveD my spreadsheet budget and thought it was the best. Finally, for a number of reasons, decided I would give YNAB a try. I am just kicking myself for not starting this many many years ago as it is such a great tool. The full visibility of our budgeting process to my wife and I it’s been fantastic and actually a game changer in our financial relationship. As I am approaching retirement, not the most of your users are in that phase of life, but it might be nice to have some videos/pods on retirement budgeting. Thanks loads.
Wayne

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