We hope you had a Merry Christmas and very happy holiday! If you didn't use YNAB to plan for this year's Christmas bill, that's OK, you can start now for next year! In January start saving for Christmas 2023 by putting aside one twelfth of the Christmas budget each month.

Jesse also has another exercise for you. Write a little note to yourself about what went well this Christmas, and what you want to do differently next time. Then set a reminder for that note to open back up in October 2023. You'll have forgotten by then, and you'll have plenty of time to prepare to make the next Christmas even better than the last.

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Jesse shares some of the gifts he's given his wife, Julie, over the years, and why every year from now on the gifts will be made, not bought.

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Jesse answers a grab-bag of questions from listeners, including whether it's a good idea to track 401k investments in YNAB (it's not), how to budget for early retirement, good books for learning how to to invest, and more.

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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.

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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.

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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!

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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!

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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. 

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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.

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Killian, a YNAB 4 user, asks about Rule Four and the "age of money" metric. How long should you age your money before you can relax a bit and not budget so stringently?

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Jesse drops a reminder that Rule Three, when properly implemented, happens before you spend the money on that unexpected expense -- not after!

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Jesse talks with domestic abuse survivor and now advocate, Dr. Kerry Roarke. Despite a successful career in pharmacy, Kerry found herself stuck in an increasingly abusive marriage, with very little say or power over how she spent or saved money. Since leaving that relationship and righting her financial ship, Kerry has volunteered to help other women find shelter and safety from domestic abuse, and identify the red flags that signal abusive relationships.

Without access to money, women have few resources to leave an abusive relationship, find shelter and food, and obtain legal help. There are many agencies, charities, and non-profit organizations across the country that can provide resources, but finding them can be a challenge. So, Kerry helped create the Safe House app, which compiles all the local resources available to people in a single place. 

You can find the app, and other resources, at https://yoursaferplace.org

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A listener, Tom, writes into the show to express some confusion over what constitutes "savings" in a budget following the YNAB method. During a call with his bank to discuss refinancing, Tom was asked how much savings he had on hand, a question which dumbfounded him. Technically, everything in the budget is savings, he reasoned, since every dollar had been subjected to Rule One, and was sitting in categories to be spent sooner or later. So... is all money just savings in that case?

Jesse offers a saying from one of the YNAB teachers, that all savings is really just... spending! Money exists to be spent -- sometimes now, sometimes tomorrow, and sometimes years in the future. But money that is not spent eventually is useless, so in that sense all "savings" is really just money waiting to be spent.

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Jesse invites YNAB Senior Support Manager Chrissy Sebald to the podcast to talk about her budgeting super skill -- saving for frequent travel with her family of six! And not just travel in and around the States. Chrissy has used YNAB to help her budget for two months of travel abroad with her family, on a middle class income.

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In today's installment of Money Stories, Jesse talks with YNAB Ambassador Christopher Campbell, a 33-year old marketing director living in Portland, ME. Christopher learned the value of budgeting from an early age, when his mother taught him and his siblings how to put aside money for things they wanted. She led by example, too, always setting aside money for Christmas and birthdays, for emergencies or unexpected expenses, on a middle class income.

Looking to build on the budgeting habits instilled by his mom, Christopher began using YNAB 4 in 2014, and fell in love with both the simplicity of the method and the precision of the software. Using YNAB, Christopher has been able to achieve many notable financial goals -- paying off his student loans and becoming debt-free while living in notoriously expensive Manhattan, purchasing a motorcycle he had wanted since he was a kid, and helping others improve their financial wellbeing through personal coaching and social media. Christopher also enjoys travel, and has learned how to "travel hack" his way through many trips using credit cards rewards. And, because he uses YNAB and reconciles daily, he pays his cards off monthly and never carries a balance!

You can follow Christopher on Instagram: @christopherjcampbell

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Jesse invites entrepreneur and avid YNAB'er Jeremy Schneider on to the show to help de-mystify investing for YNAB'ers looking to get started. Jeremy built the successful internet startup RentLinx, sold the company in 2015, and retired a couple years after at the age of 36. Jeremy then spent two years playing video games, traveling, coaching beach volleyball, and learning about what to do with all of his money. When the pandemic hit, he needed something to fill his time, so he decided to build a resource for other people to learn the fundamentals of investing and how to build their own nest egg.

Jeremy's pretty clear that there's no magic to good investment strategy. To build wealth you need to spend less, save more, and then invest using a simple, reliable strategy, such as investing in broad market index funds. He recommends using YNAB to help with the spending less money part, then teaches the rest in his Personal Finance Club.

Jeremy has a FREE 60-minute investing basics course as well as some fun and useful web tools to understand how investments can grow over time, the futility of trying to time the market, and more.

https://www.personalfinanceclub.com/

For YNAB listeners, you can save $20 off the full Learn to Invest course using the discount code "YNAB" when you checkout. The code is good through October 2022!

https://www.personalfinanceclub.com/course/

Got a question for Jesse? Send him an email:

askjesse@ynab.com

Jesse chats with Ben, a YNAB employee and "The Dollar Scholar" on TikTok, where he educates college students and grads on the intricacies of student loans. Ben walks through the recently announced student loan forgiveness program, how much debt can be forgiven for students or graduates with Pell grants and with traditional Federal student loans, and some of the forthcoming changes to income-based repayment plans.

Ben also reminds us that not all the details of the plan have been worked out yet, and there are still open questions regarding the legality of the program, as well as potential income tax implications at the state level. Consequently, he reminds us, don't count on those forgiveness funds until they actually hit your bank account!

Follow Ben the Dollar Scholar on TikTok:

https://www.tiktok.com/@thedollarscholar?lang=en

Did you YNAB is FREE for college students? Sign up here:

https://www.youneedabudget.com/college/

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School is back in session, and it's a good time to tune up the budget. Want to really nail it this year? Go back to the Four Rules, Jesse says, and simplify. Now is the time to close those extra bank accounts, the multiple credit cards, the three different brokerage accounts. Budgeting is all about helping you make better decisions, after all, and simplifying helps you do that too.

Did you YNAB is FREE for college students? Sign up here:

https://www.youneedabudget.com/college/

Got a question for Jesse? Send him an email:

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A listener writes the show to ask: what should he and his family do with a life-changing windfall? The listener has a mortgage, and a HELOC, and some savings goals such as saving for his kids' college education. The windfall amount is enough to payoff all these things, and in addition he has recently earned a large raise. While the windfall is a huge gift, he wants to be calm, reasonable, and disciplined with allocating it towards the family's financial goals. Jesse helps walk through the problem, and identify some emotionally driven questions one should ask in this situation.

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Jesse shares a few book titles he has been working through lately, and how the lessons from Jocko's Exteme Ownership have been working their way through the Mecham household and YNAB. It's not all business books this time! Topics range from leadership to the history of money to science fiction.

Extreme Ownership by Jocko Willink

https://www.amazon.com/Extreme-Ownership-U-S-Navy-SEALs-ebook/dp/B0739PYQSS/ref=sr_1_1?keywords=jocko+willink+extreme+ownership&qid=1660506517&s=books&sprefix=jocko+willink+ex%2Cstripbooks%2C69&sr=1-1

Debrief to Win by Robert “Cujo” Teschner

https://www.amazon.com/gp/product/1732929815/ref=dbs_a_def_rwt_bibl_vppi_i0

Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies by Nik Bhatia

https://www.amazon.com/Layered-Money-Dollars-Bitcoin-Currencies-ebook/dp/B08T7T47HC/ref=sr_1_1?crid=ZYVYV927YTEG&keywords=layered+money&qid=1660506593&s=books&sprefix=layered+money%2Cstripbooks%2C60&sr=1-1

Dune by Frank Herbert

https://www.amazon.com/Dune-Frank-Herbert-ebook/dp/B00B7NPRY8/ref=sr_1_2?keywords=dune+frank+herbert&qid=1660506937&s=books&sprefix=dune+frank%2Cstripbooks%2C74&sr=1-2

Four Thousand Weeks: Time Management for Mortals

https://www.amazon.com/Four-Thousand-Weeks-Management-Mortals-ebook/dp/B08FGV64B1/ref=sr_1_1?crid=3DVV12Z77CLKP&keywords=four+thousand+weeks&qid=1660507272&s=books&sprefix=four+thousand%2Cstripbooks%2C90&sr=1-1

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A listener writes Jesse to ask what he should do with his first real job and first real paycheck -- pay off debt, or start investing? This is a popular question with a few answers, and in Jesse's mind, the answers are all valid! What matters most is where you picture your life five years from now, whether you are happy with that picture, and whether your current trajectory is going to get you there.

Some people get a lot of satisfaction from having a big nest egg, even while carrying debt. Others prize the freedom they feel from not having debt more than the size of their investment accounts. And of course, some people prefer to be somewhere in between.

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There's a moment that happens when you run across something you really want -- it's like an itch that wants you to whip out the credit card and scratch it! In these moments, we're probably not very clear on our priorities and Rule One, so Jesse reminds us that the budget is the thing that helps us answer the question: can I afford this? Am I going to be OK after I buy this? And the budget answers those questions for you by bringing clarity to your priorities and the jobs you have assigned to your dollars.

Got a question for Jesse? Send him an email:

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Hillary writes into the show to ask: when you started giving an allowance to your kids, what things did they buy that made you cringe? Hillary is starting the YNAB allowance strategy for her kids, aged 16, 15, and 12, and is wondering how to teach them to spend the money responsibly. Jesse offers his experiences with his own kids, and some of the money lessons he has watched them learn in their own life.

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Jesse chats with a number of YNAB employees who are living, or working towards living, a "nomadic" life -- living and working across the US in a variety of places throughout the year. While this type of lifestyle can create some amazing freedoms (Megan, for instance, arranges her work schedule so that she can spend her mornings skiing during the winter), it also requires a lot of careful planning! That's where YNAB comes in.

Maintaining a trailer, motorhome, or RV and handling the costs of living in new places involves lots of planning around true expenses and rolling with the punches. The nomadic ladies of YNAB share their experiences shifting to an unconventional lifestyle, and how the budgeting lessons they learned from the Four Rules have helped them make it happen.

Bringing budgeting into the workplace -- Financial Wellness by YNAB.

https://www.youneedabudget.com/wellness/

Email Jesse your stories about YNAB in the workplace:

askjesse@ynab.com

A listener writes into the show to ask about whole life insurance and whether it's worth it for a young couple in their 30's. As always, it depends!  Whole life policies typically come with big fees, which of course insurance companies and salesmen like. Jesse points out that the policies can work for some people in high marginal tax brackets, however the tax savings must be carefully weighed against the earnings you could have made by simply investing in low-cost, diversified index funds and sidestepping the high fees of whole life policies.

Send Jesse an email at:

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Happy Fourth of July to the American YNAB'ers out there!

Following Apple's recent announcement of their "Apple Pay Later" plan, in which customers can split the cost of purchases over multiple installments using Apple Pay, Jesse rants about the state of financing among successful companies. As he has noted before, nearly all successful companies eventually become finance companies, and Apple is no exception.

Buy now, pay later (BNPL) plans may be good for Apple's bottom line, but they are bad news for consumers. Research has discovered that people tend to buy 40% more with BNPL plans than they would have with cash. Then of course there is the interest and penalties that come with missed payments. Jesse has a bone to pick with this...

Send Jesse an email at:

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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

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

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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

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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

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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

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:

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A listener writes into the show to ask: how should you track vacation spending? Vacation is a time to relax and let loose a little, but the listener wants to make sure he is pacing the family's expenses during the trip so he doesn't go overbudget.

Jesse offers a few different options, including sophisticated use of categories to track the vacation spend without creating too much complexity.

Have a question for Jesse? Send him an email at:

askjesse@ynab.com

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Kelly Frawley and Emily Pollock are attorneys specializing in matrimonial and family law, and regularly contribute to Forbes on issues related to divorce and business. In today's episode, they discuss the important questions you should be asking before marriage about money, finances, and expectations about the future. And, in the event of divorce, some of the important things you should be doing and asking during the process.

Both Kelly and Emily agree that the most important thing couples can do before and during their marriage is communicate. Whether it's about debt and how you intend to pay it off, expectations about lifestyle and living expenses, plans for retirement -- if you keep communication frequent and open, then you will feel more certainty and security about your money.

Kelly and Emily on Forbes:

https://www.forbes.com/sites/frawleypollock/?sh=1c25b3d6eb04

Kelly Frawley: https://www.kasowitz.com/people/kelly-a-frawley

Emily Pollock:

https://www.kasowitz.com/people/all/emily-s-pollock/

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Struggling with YNAB? That's OK, you're not alone, and Jesse has a few things to look at and make sure you are truly following the Four Rules. And along the way, Jesse has a bone to pick about banks and their data export practices!

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

A first-time house shopper wrote into the show for advice on how to approach the crazy, red hot housing market we are currently in. The writer wants to buy her first home, but is unsure whether she will have enough money to put down as house prices rise at a rapid pace. Jesse reminds us that, most importantly, cash equals options, and it's never a bad thing to have more cash on hand. He advises her to become an expert on her local real estate market, and really think about why she wants to buy, and what exactly she needs from a home before taking the plunge into home ownership.

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Jesse shares some case studies from the Mecham household, where he has taught his kids to budget their savings the YNAB way, giving those savings dollars a job. The kicker? Their savings sit in the same checking account as their fun money. With practice and the four rules, however, they have developed the discipline to spend only what they have budgeted for each purpose.

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Jesse welcomes Jason and Katie Hoschouer to the podcast. Together they paid off $78,000 of debt in a mere 28 months, an amazing burst of focused saving and budgeting!

Jason is a retired police officer with 23-years experience in the force, now turned financial coach. He helps other first responders get their budgets in order, pay off debt, and build savings so they don't have to live paycheck to paycheck and work tons of overtime to make ends meet. He also hosts a podcast about finance for first responders, Badges & Budgets.

GPS Financial Coaching

https://www.gpsfinancialcoaching.com

Badges & Budgets Podcast

Apple: https://podcasts.apple.com/us/podcast/badges-budgets/id1611201890

Spotify: https://open.spotify.com/show/4vcWckWJibgAaRSyY5o8bu?si=15e96a154eaf44d7

Jesse invites the CEO of YNAB, Todd Curtis, to the show to discuss the anatomy of the company, the collaborative philosophy behind the work done by the various teams and functions, and some of the previous work and experiences that have shaped Todd's attitudes about operations and business culture.

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Nina Clark grew up in a large family tight on money, but with a mother who was very good at budgeting and stretching a dollar. Nevertheless, she wasn't taught anything about money growing up, so she learned her money lessons the hard way: overdrafting her checking account and racking up debt at a young age. Things got more complicated when she went through a divorce and became a single mother. Ever determined and positive, Nina regained her financial footing and became a seasoned budgeter with a little help from YNAB.

Nina's story is also unique in that she's never worked conventional jobs, and never made much money, so she had to budget carefully to pay off her debts. While working various jobs, she started a bookkeeping service to supplement her income, throw extra cash at her debt each time she landed a new client. Nowadays, Nina's budget is helping her save for retirement, travel, and help her daughter travel the world as well.

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

It's that time of year again, and April 15th looms! Taxes are due soon, and perhaps no other financial topic generates as much confusion and as many questions. To that end, Jesse answers questions about taxes from YNAB listeners who wrote into the show. As with any tax question, when in doubt it's always best to contact a tax professional!

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Jesse compares the pros and cons of the 15 year vs the 30 year home mortgage. While there are plenty of online calculators out there that will spell out the difference in interest costs and amortization between the two, Jesse argues that perhaps the math isn't the most important factor. It's how you feel about paying off the mortgage earlier.

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

International student of mystery Mackenzie is financially wise beyond her years... all thanks to YNAB and embracing the four rules while a young college student. Since discovering YNAB Mackenzie has traveled throughout Europe, and has come up with some unique strategies for managing her budget in a variety of currencies: the British pound, the euro, and US dollars. She's also learned some lessons about careful budgeting living in some of the most expensive cities in the world, like London.

The most important thing for college students, she says, is to just get started with YNAB. Try just tracking your expenses for a month, and get some data about your spending habits. Then you can get a realistic picture of what a college budget should look like. You're always going to spend more on food than you think, she says, so your budget should reflect that. Secondly, be prepared to roll with the punches and go with the flow. Things change a lot from freshman to senior year -- work/study opportunities open up, off-campus housing becomes available, you might want a car -- and you can expect your budget will too.  Learn to be OK with not having a perfect budget, and know that you will only get better at it over time.

College students can use YNAB for a year FOR FREE. You just need to provide proof of enrollment. Check the link below for more details:

https://www.youneedabudget.com/college/

Long-time YNAB team member Erin returns to the podcast to discuss strategies for managing your grocery budget. With prices on the rise, many people are tightening their budgets, and groceries are a common line item of concern. Erin offers tips for making grocery shopping simpler, avoiding unnecessary purchases, and making strategic "fun" food purchases (like frozen pizzas) for those days when you just don't feel like cooking.

As Erin reminds us, your family's grocery bill is personal! It's tempting to want to compare yourself to others, or to an average, but the best strategy is to start with where you are and find ways to adjust from there. Food is a very personal thing, and many factors play into the food choices people make (allergies/restrictions, location, busy lifestyle, food availability, etc), so keep your eyes on your own plate.

A few of Erin's favorite cooking and food-related YouTube channels:

1. Frugal Fit Mom: https://www.youtube.com/c/FrugalFitMom
2. See Mindy Mom: https://www.youtube.com/c/SeeMindyMom
3. Ardent Michelle: https://www.youtube.com/c/ArdentMichelle
4. You Suck at Cooking: https://www.youtube.com/c/yousuckatcooking
5. Glen and Friends Cooking: https://www.youtube.com/c/GlenAndFriendsCooking

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

In honor of 2/22/2022, which is quickly approaching, YNAB is giving you the chance to gain a little extra momentum in your budget this year. YNAB is giving away $2,222 to a lucky podcast listener! But you have to follow a few rules to have a chance to win:

1. On 2/22/2022, make a public post on Facebook, Instagram, Tik Tok or Twitter and tell us what you would do with $2,222.
2. Tag YNAB on your social media platform of choice (tags listed below).
3. Fill out the form on the YNAB website: https://www.youneedabudget.com/22-giveaway/

For those who don't do the social medias, you can email pr@ynab.com and include promotion/contest name in the subject line.

A complete explanation of the rules and terms and conditions can be found at: https://www.youneedabudget.com/22-giveaway/

YNAB social media tags

Instagram: @youneedabudget 

TikTok: @youneedabudget

Twitter: @ynab
Facebook: @iYNAB

Good luck! 

Ben and Ernie return to the podcast to announce... their own podcast! Budget Nerds, the popular YouTube show for nerdy YNAB'ers, is launching a podcast on Wednesday, Feb 9th. Now you can take Ben, Ernie, and their nerdy budget adventures with you in the car, on the bus, maybe even in the kitchen!

As a bonus, Ben and Ernie share some "budget confessions" from Budget Nerds listeners.

Budget Nerds Podcast on Apple Podcasts https://podcasts.apple.com/us/podcast/budget-nerds/id1606054345

Spotify

https://open.spotify.com/show/0H1u8pqYrvz6zj6noHbkB3?si=34ab3b2a3435486b

YNAB Podcast listener Jenna emailed Jesse to share a recent win. Jenna's husband is about to finish law school, and thanks to YNAB and a lot of work and sacrifice he will graduate with NO student loan debt. First of all, BIG congratulations to you and your husband! Jesse shares some thoughts on this achievement as well as how to manage windfalls with a long-term mindset.

Join the More Money Challenge:

https://www.youneedabudget.com/moremoneychallenge/

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Jesse answers a listener question about budgeting after retirement, in particular when you are living off your retirement savings and not yet drawing on Social Security.

Join the More Money Challenge:

https://www.youneedabudget.com/moremoneychallenge/

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Jesse chats with Scott Trench, CEO of BiggerPockets and a real estate investor, about how people can get started with real estate investing and build more wealth. Scott started his working career like many business college graduates, working at a large company as a financial analyst. Early on he stumbled across the Mr. Money Mustache blog, which advocates frugality and saving a large percentage of your income to achieve financial independence. From there, Scott became interested in using real estate to build his personal wealth and reach financial independence earlier in life.

Then, an encounter with the founder of the BiggerPockets website led Scott to a job with the company, and eventually, a chance to steer it as the CEO. Along the way Scott has learned a lot about real estate investing, and purchased and managed several properties. He now uses that knowledge to run the BiggerPockets website, which offers teaching and tools for people new to the real estate market.

Scott also acknowledges the costs and tradeoffs associated with becoming a good real estate investor. He's not shy about the amount of time needed to learn the basics, suggesting around 500 hours of reading and research before considering your first real estate purchase. For some people, like busy specialized professionals (doctors and lawyers for instance) or entrepreneurs running businesses, this time might be too high a cost, and distract from their primary focus. For the right person with patience and diligence, however, real estate investing can be an excellent way to build wealth and achieve financial independence.

BiggerPockets

https://www.biggerpockets.com

Join the More Money Challenge:

https://www.youneedabudget.com/moremoneychallenge/

Jesse chats with Ashley, of TikTok fame (The Organized Wallet), about her journey finding the budgeting software through a chance blogpost to finally gaining control of her money after years of struggle. One of Ashley's keys to success is mindfulness, and she has some great exercises for improving your mindfulness around money.

A few years into her marriage, Ashley had a reckoning with money. Her husband Jeremy had just landed a big job opportunity, but it required him to travel frequently. To keep things running smoothly, Ashley needed to assume management of the budget, which Jeremy had been handling up until that point. Ashley tried hard, but was overwhelmed with the spreadsheets, the sheer number of bills and accounts, and missed a payment on one of the bills. Distraught, she ran across a blog post by A Cup of Jo about a budgeting software called You Need A Budget. She jumped in, and finally found a method to help her gain control of her money.

Ashley now has a lot of wisdom to share about managing your money. She reminds us that we're all works in progress, and just because you can't budget perfectly -- especially at first -- doesn't mean it's not worth doing at all. Small efforts add up to big change with time. She also points out that clutter in our wallets (or budgets!) often means we aren't clear on our values. Decluttering our financial lives means first getting clear on what we want out of life.

Ashley on TikTok

https://www.tiktok.com/@theorganizedwallet

Read more on Ashley's story:

https://www.youneedabudget.com/after-struggling-to-budget-this-book-made-it-stick/

Join the More Money Challenge:

https://www.youneedabudget.com/moremoneychallenge/

Happy New Year! It's that time again -- time for planning, goal setting, and resolutions. If you're listening to this podcast, one of your New Year's resolutions might be to save more money. YNAB can help you with that!

YNAB team member Veronica is leading the way with the More Money Challenge, a 30-day challenge to help you kick start your savings in 2022. The rules are simple, but the challenge is hard. Luckily, there's a whole community of like-minded YNAB'ers that will be running the challenge together.

Join the More Money Challenge:

https://www.youneedabudget.com/moremoneychallenge/

Instagram: https://www.instagram.com/p/CYFRUQYBdMV/

TikTok: ynab.com/tiktok