The YNAB Podcast

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

 

Direct download: 580_What_If_Your_Coworkers_Werent_Stressed_About_Money.mp3
Category:general -- posted at: 12:00am MDT

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

Direct download: 579_Ask_Jesse_How_to_Move_On.mp3
Category:general -- posted at: 12:00am MDT

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

Direct download: 578_Mid_Year_Check-In.mp3
Category:general -- posted at: 12:00am MDT

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:

 

Send Jesse an email at:

askjesse@ynab.com

 

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

Direct download: 577_Ask_Jesse_What_Do_I_Do_With_My_Investments_Now.mp3
Category:general -- posted at: 12:00am MDT