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Ask Jesse: So You Just Started Your First Real Job...

You Need A Budget (YNAB)

Release Date: 08/08/2022

Budgeting for 8 Weeks Abroad with Chrissy Sebald show art Budgeting for 8 Weeks Abroad with Chrissy Sebald

You Need A Budget (YNAB)

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.   Got a question for Jesse? Send him an email:   Sign up for a free 34-day trial of YNAB at  

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EP 17 Money Stories: Living Debt Free in Manhattan, Budgeting Wisdom from Mom, and More with Christopher J. Campbell show art EP 17 Money Stories: Living Debt Free in Manhattan, Budgeting Wisdom from Mom, and More with Christopher J. Campbell

You Need A Budget (YNAB)

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...

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Simple Investing with Jeremy Schneider of Personal Finance Club show art Simple Investing with Jeremy Schneider of Personal Finance Club

You Need A Budget (YNAB)

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...

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Breaking Down Student Loan Forgiveness with Ben the Dollar Scholar show art Breaking Down Student Loan Forgiveness with Ben the Dollar Scholar

You Need A Budget (YNAB)

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...

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Nail Back to School with the Four Rules show art Nail Back to School with the Four Rules

You Need A Budget (YNAB)

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:   Got a question for Jesse? Send him an email:

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Ask Jesse: What Should You Do with a Life-changing Windfall? show art Ask Jesse: What Should You Do with a Life-changing Windfall?

You Need A Budget (YNAB)

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.   Got a...

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Lessons from the Bookshelf: What Jesse Has Been Reading Lately show art Lessons from the Bookshelf: What Jesse Has Been Reading Lately

You Need A Budget (YNAB)

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   Debrief to Win by Robert “Cujo” Teschner   Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies by Nik Bhatia   Dune by Frank Herbert   Four Thousand Weeks: Time Management for Mortals    ...

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Ask Jesse: So You Just Started Your First Real Job... show art Ask Jesse: So You Just Started Your First Real Job...

You Need A Budget (YNAB)

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...

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That Magical Moment (When You Really Want Something) show art That Magical Moment (When You Really Want Something)

You Need A Budget (YNAB)

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:   Sign up for a free 34-day...

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Ask Jesse: Kids, Allowances, and Cringey Purchases show art Ask Jesse: Kids, Allowances, and Cringey Purchases

You Need A Budget (YNAB)

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.   Want to ask Jesse a question? Send him an email at:   Sign up for a free 34-day trial of YNAB at

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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.

 

Got a question for Jesse? Send him an email:

[email protected]

 

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