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Ask Jesse: What's the Most Important Metric?

You Need A Budget (YNAB)

Release Date: 11/07/2022

A Major Downside to Not Having Money Stress show art A Major Downside to Not Having Money Stress

You Need A Budget (YNAB)

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

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Ask Jesse: Doubling Income, Real Estate, Debit Card Fraud Prevention show art Ask Jesse: Doubling Income, Real Estate, Debit Card Fraud Prevention

You Need A Budget (YNAB)

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

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Ask Jesse: More on Credit Cards, Tracking 401k in YNAB, and Paying Off Student Loans show art Ask Jesse: More on Credit Cards, Tracking 401k in YNAB, and Paying Off Student Loans

You Need A Budget (YNAB)

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

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Now Burn It All Down Again show art Now Burn It All Down Again

You Need A Budget (YNAB)

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...

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Don't Make Big Changes, People! show art Don't Make Big Changes, People!

You Need A Budget (YNAB)

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

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A Strategy for the Holidays in 2023 show art A Strategy for the Holidays in 2023

You Need A Budget (YNAB)

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...

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Every Gift I'm Giving Julie, Forever show art Every Gift I'm Giving Julie, Forever

You Need A Budget (YNAB)

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

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Ask Jesse: Tracking 401k in YNAB, Early Retirement Budgeting, Advisors, and More show art Ask Jesse: Tracking 401k in YNAB, Early Retirement Budgeting, Advisors, and More

You Need A Budget (YNAB)

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

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You Spend More Money with Credit Cards show art You Spend More Money with Credit Cards

You Need A Budget (YNAB)

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

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The Different Tenses of Money show art The Different Tenses of Money

You Need A Budget (YNAB)

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

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More Episodes

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. 

 

Got a question for Jesse? Send him an email:

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