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Savings With a Purpose

You Need A Budget (YNAB)

Release Date: 04/18/2022

Debt and Pay Later Plans: An Independence Day Rant show art Debt and Pay Later Plans: An Independence Day Rant

You Need A Budget (YNAB)

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...

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What If Your Coworkers Weren't Stressed About Money? show art What If Your Coworkers Weren't Stressed About Money?

You Need A Budget (YNAB)

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....

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

You Need A Budget (YNAB)

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   Send Jesse an email at: ...

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

You Need A Budget (YNAB)

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:   Sign up for a free 34-day trial of YNAB at

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

You Need A Budget (YNAB)

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...

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Revisiting a Hot Take on Index Investing show art Revisiting a Hot Take on Index Investing

You Need A Budget (YNAB)

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: by Jack Bogle by Burton Malkiel by Bernstein  

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How to Budget When Everything Is Expensive show art How to Budget When Everything Is Expensive

You Need A Budget (YNAB)

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...

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Ask Jesse: How Should You Track Vacation Spending? show art Ask Jesse: How Should You Track Vacation Spending?

You Need A Budget (YNAB)

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:   Sign up for a free 34-day trial of YNAB at

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A Financial Roadmap for Marriage and Financial Separation with Attorneys Kelly Frawley and Emily Pollock show art A Financial Roadmap for Marriage and Financial Separation with Attorneys Kelly Frawley and Emily Pollock

You Need A Budget (YNAB)

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...

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Better Budgeting... and a Rant about Banks show art Better Budgeting... and a Rant about Banks

You Need A Budget (YNAB)

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

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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