Mon, 30 January 2023
Not having money stress is a GREAT feeling to have. But a YNAB employee, Katie, pointed out a downside to it -- people assume you make more money than you really do. Because who else would have no money stress except people who are rolling it in?
Got a question for Jesse? Send him an email:
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Direct download: 611_A_Major_Downside_to_No_Money_Stress.mp3
Category:general -- posted at: 12:00am MST |
Mon, 23 January 2023
Jesse fields more listener questions today, including what you should do when you double your income (teaser: there's really not a wrong answer as long as it's saving!), how to budget for real estate investments, and whether debit cards have sufficient fraud protection to use over credit cards.
Please keep your questions coming! Send them to:
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Direct download: 610_Ask_Jesse_Doubled_Income_Real_Estate_Debit_Fraud.mp3
Category:general -- posted at: 12:00am MST |
Mon, 16 January 2023
Jesse answers listener questions about tracking 401k deposits in YNAB and how to strategize paying off student loans. Jesse shares his evolving thoughts about credit cards, and why the Mecham household will only use a single debit card for expenses in 2023.
Got a question for Jesse? Send him an email:
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Direct download: 609_Ask_Jesse_Credit_Cards_401k_Student_Loans.mp3
Category:general -- posted at: 12:00am MST |
Mon, 9 January 2023
Last week Jesse urged YNAB'ers not to make any sudden or drastic moves to their budget. But you know it's the beginning of the year, and that can only mean one thing! It's time for a budget burndown.
Every year Jesse burns down his budget... er, plan, and examines every single assumption built into it. Do we really need to own a house? What if we lived in an RV for awhile? Do we need two cars? What if we sold one? Etc, etc. The point of this exercise is to question everything, and in the process, better understand what your non-negotiables are. In most cases, you'll likely put most of the categories you had back into your plan. But perhaps the burn down process helps you identify a couple areas that don't really serve you anymore, or dollars that could be more useful doing a different job.
So, get ready to burn it down!
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Sign up for a free 34-day trial of YNAB at www.youneedabudget.com |
Mon, 2 January 2023
Happy New Year! We hope 2023 is a fruitful and productive year, financially and otherwise, for everyone. It's that time of year again, the time for resolutions, big goals, and new plans. Jesse urges you to pump the brakes, however, and DO NOT make big changes to your budget. Not right now. Just iterate on what you've been doing, and try to do a little bit better than last year.
Got a question for Jesse? Send him an email:
Sign up for a free 34-day trial of YNAB at www.youneedabudget.com |