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Rank #103 in Education category

Education
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You Need A Budget (YNAB)

Updated 2 months ago

Rank #103 in Education category

Education
Kids & Family
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A weekly dose of just the right medicine to help you get out of debt, save more money, and beat the paycheck to paycheck cycle.

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A weekly dose of just the right medicine to help you get out of debt, save more money, and beat the paycheck to paycheck cycle.

iTunes Ratings

657 Ratings
Average Ratings
512
74
32
18
21

Life-changing

By S.Sitron - Apr 26 2020
Read more
We started seriously using YNAB and listening to this podcast in January. Thanks to that, in March we were for the first time out of the paycheck to paycheck cycle when we both lost our jobs AND got sick with Covid-19 at the same time. Thanks to this amazing tool we had the peace of mind to be able to heal up without the stress of money on our minds. We are still waiting to receive unemployment, but not stressed at all. I’ve tried numerous budgeting systems over the years and YNAB is by far the best. If you take the time to learn it and listen to the podcast to get inspired, this system can change your life! I especially find the “debt stories” series to be inspiring. Thank you YNAB!

Older episodes are better

By Kmelfi10118 - Apr 06 2020
Read more
Love the YNAB software, have been using various versions of it since 2013. Discovered this podcast early 2019 and binged the old episodes and listened to the new ones each week in real time. The last 6 months have been hit or miss, some episodes are short and pointless. I really feel like it could be so much more, maybe if there were listener submitted topics or questions? Still love YNAB, their blog on their website is awesome and the free classes are great.

iTunes Ratings

657 Ratings
Average Ratings
512
74
32
18
21

Life-changing

By S.Sitron - Apr 26 2020
Read more
We started seriously using YNAB and listening to this podcast in January. Thanks to that, in March we were for the first time out of the paycheck to paycheck cycle when we both lost our jobs AND got sick with Covid-19 at the same time. Thanks to this amazing tool we had the peace of mind to be able to heal up without the stress of money on our minds. We are still waiting to receive unemployment, but not stressed at all. I’ve tried numerous budgeting systems over the years and YNAB is by far the best. If you take the time to learn it and listen to the podcast to get inspired, this system can change your life! I especially find the “debt stories” series to be inspiring. Thank you YNAB!

Older episodes are better

By Kmelfi10118 - Apr 06 2020
Read more
Love the YNAB software, have been using various versions of it since 2013. Discovered this podcast early 2019 and binged the old episodes and listened to the new ones each week in real time. The last 6 months have been hit or miss, some episodes are short and pointless. I really feel like it could be so much more, maybe if there were listener submitted topics or questions? Still love YNAB, their blog on their website is awesome and the free classes are great.
Cover image of You Need A Budget (YNAB)

You Need A Budget (YNAB)

Latest release on Aug 03, 2020

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A weekly dose of just the right medicine to help you get out of debt, save more money, and beat the paycheck to paycheck cycle.

Rank #1: 338 - Budgeting is Spending

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Budgeting is spending; nothing more, nothing less.

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

Aug 13 2018

4mins

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Rank #2: 286 - Materiality

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Different partners may have different levels of budget materiality. What it is, and how to navigate it.

Aug 07 2017

3mins

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Rank #3: 293 - Is there Good Debt?

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Is there such a good thing as good debt? Yes. Though it also can become bad if you aren't careful.

Sep 25 2017

6mins

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Rank #4: 292 - Saving Kids from College

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Maybe if we just didn't treat student loan as a viable option for paying for college...

Sep 18 2017

6mins

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Rank #5: 106 - Saving for Its Own Sake

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I think I save for its own sake, assuming there's something inherently good about saving "more," regardless of the fact that more remains undefined. Maybe I should relax.

Jan 13 2014

9mins

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Rank #6: 291 - Identity Theft Protection and You...?

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How to protect your identity without paying for an expensive monitoring service.

Sep 11 2017

4mins

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Rank #7: 097 - The Most Radical Shift in Money Management to Ever Take Place in Our Household.

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I've handed the Budgetingi Reins over to my wife, Julie. She'll do a better job, and our relationship will be even better for it. Here what lead up to this, and why it's going to be awesome.

Oct 14 2013

14mins

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Rank #8: Bonus Episode: Kristy Shen and Bryce Leung Interview

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Jesse interview's authors and married couple Kristy Shen, Bryce Leung about their book—available today—Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required. Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Jul 09 2019

43mins

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Rank #9: 298 - Loose Change, or Lose Change?

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At what point should you stop tracking cash?

Oct 30 2017

3mins

Play

Rank #10: 184 - Pay Off Debt or Save First?

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Should you go crazy with your debt? Save some money? Both?

Aug 10 2015

4mins

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Rank #11: 141 - Living Within Your Means, Means Opportunity.

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Living within your means frees up cash for saving or getting out of debt, but it is so much more than just that.

Oct 13 2014

8mins

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Rank #12: 123 - Track What You Want to Change

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The title says it all. If you don't want to change it, maybe you don't need to track it.

Jun 09 2014

2mins

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Rank #13: Bonus Episode: Ramit Sethi Interview

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Jesse interview's author Ramit Sethi about the update of his 10 year old book, I Will Teach You To Be Rich. Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

May 14 2019

40mins

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Rank #14: 309 - You Have a Spending Problem

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That's right. If you're average (and you are), then you have a spending problem--not an income problem.

Jan 22 2018

3mins

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Rank #15: 183 - Bills Are Paid...Now What?

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What should be the order of prioritization once the necessities are taken care of?

Aug 03 2015

5mins

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Rank #16: 107 - Winning Financially is Simple

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Winning financially is simple. You just need a pen, a paper, and a plan.

Feb 03 2014

9mins

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Rank #17: 181 - Meet Carrie, A Brand New YNAB User

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We'll be following Carrie, a brand new YNABer, for an entire year! Learn as she learns.

Jul 20 2015

13mins

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Rank #18: 302 - The Costs of "Settling In"

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Settle in fast, because it's expensive not to.

Nov 27 2017

4mins

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Rank #19: 078 - The Black Box of Spending

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Your "Miscellaneous" category is a black box of spending. Is that spending a reflection of your values? Or are you being lazy? And should you care anyway? We discuss :)

Apr 15 2013

4mins

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Rank #20: 092 - Just Show Up

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With your budget, especially for those just starting, just show up. Keep it simple, do what you're told, and…just show up.

Aug 12 2013

5mins

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COVID Conquerors

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With everything that has transpired this year, we could all use some positive news. Today Jesse highlights a couple of positive stories from YNAB users who have managed to save money and stabilize their financial situation despite job loss and salary cuts due to COVID.

Follow the four rules, and things will get better. Budgeting isn't the end-all-be-all, it's not the solution for everything, but it will help you make your financial situation better. Budgeting simply works!

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

Aug 03 2020

7mins

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YNAB for Good

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In light of the terrible events that have transpired in 2020, YNAB is launching a new initiative to help those in need. YNAB is partnering with non-profit organizations that work with marginalized communities on personal financial and financial resource issues. YNAB is offering licenses for its software for free to these non-profits, so those in need can benefit from YNAB's powerful budgeting tools.

If you work for a non-profit or know of one who could benefit from this program, visit https://www.youneedabudget.com/good for more details and how to sign up for the program.

Jul 27 2020

4mins

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Atomic Budgeting Pt. 5: The Environment That Shapes You

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Jesse wraps up the Atomic Budgeting series, based on the ideas in James Clear’s book Atomic Habits, with a look into how our environment shapes our decision making.

The world is awash in advertisements — billboards, store displays, TV, YouTube, etc — which aim to subtly influence us to buy products and services. It’s hard to avoid them, especially when you spend time in areas or websites where targeted ads can pique your interests and potentially cause you to buy things you otherwise wouldn’t have sought out. Even our social groups can influence our purchasing decisions. Whether your friends and neighbors are conspicuous spenders or frugal, their collective habits will become the normal behavior in your social circle.

So the last step in “atomic budgeting” is to be aware of your environment, and choose your friends and social circles wisely.

“Join a community where the normal behavior is the behavior you want.”

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

Jul 20 2020

9mins

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Atomic Budgeting Pt. 4: The Four Laws of Behavior Change

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Jesse discusses James Clear's "laws" of how people make lasting changes to their behaviors and how they might apply to the YNAB'er looking to improve their budgeting habits.

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

Jul 13 2020

10mins

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Atomic Budgeting Pt. 3: Becoming, Not Achieving

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In the third installment of the atomic budgeting series, in which Jesse applies the principles in James Clear's book Atomic Habits to budgeting and personal finance, Jesse discusses the concept of becoming the person who has the traits you wish to have.

Typically when we think of making personal change, we set goals and then a process to achieve that goal. Yet, once we achieve the goal (if we do), does the change we made to achieve it continue on? Are the new habits long-lasting, or do we revert to our old ways? Too often, the latter proves true!

As Clear says, "every action you take is a vote for the type of person you wish to become." If you want to become a person who is smart with money, who is rarely stressed with financial concerns, and budgets with ease... then you must start identifying yourself as that type of person. Then prove it with your actions.

If you're a weightlifter, you lift weights. If you're a writer, you write. You cannot be the person you claim to be without doing the things that type of person does. Budgeting is no different!

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

Jul 06 2020

7mins

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Atomic Budgeting Pt. 2: Systems, Not Goals

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Jesse continues with part two of the Atomic Budgeting series, applying the concepts in James Clear's Atomic Habits to budgeting and the pursuit of financial freedom.

One of the key concepts in Clear's book is focusing on building effective systems for achieving your goals, rather than on the goal itself. Goals are great things, but without a logical, replicable, and flexible system, you are unlikely to consistently achieve your goals. 

YNAB's Four Rules comprise a simple, flexible, and replicable system for achieving the goal of freeing up financial resources to handle unexpected events and do more of the things you want to do in life. The Four Rules don't ask you to come up with a solid number of dollars to save each month, or a percentage; rather, they ask you to follow certain processes (like giving every dollar a job) that ultimately help you achieve the goal of saving money. By staying process-focused rather than goal or number focused, YNAB allows you "roll with the punches" and adjust as your life circumstances change and unexpected expenses arise.

So whether it's budgeting, improving your fitness, reading books, or something else, the next time you set a goal focus your attention on your system for achieving that goal, and learn to love the process!

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

Jun 29 2020

6mins

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Atomic Budgeting: Compound Interest

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Jesse has become a fan of James Clear's Atomic Habits, in which Clear explains how small changes to your habits can build up to big changes in your life. Naturally, Jesse saw how atomic habits could work for budgeting too.

So for the next few weeks, Jesse will be covering several aspects of "atomic budgeting," starting with the power of compounding interest.

Atomic Habits by James Clear:

https://www.amazon.com/Atomic-Habits-James-Clear-audiobook/dp/B07RFSSYBH/ref=sr_1_2?dchild=1&keywords=atomic+habits&qid=1592096296&sr=8-2

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

Jun 22 2020

6mins

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Financial Wellness by YNAB

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Jesse and the YNAB team are excited to announce a new service: financial wellness for businesses and their employees! For any company, big or small, YNAB will educate your employees on the most important yet often overlooked aspect of financial wellbeing… budgeting of course.

Financially stress-free employees are good employees. They are empowered, they have freedom to be creative in their life, and they are more productive as a result.

This is a FREE service for the business. You can find out more by going to:

https://www.youneedabudget.com/wellness/

Jun 15 2020

5mins

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Daily Reconciliation and Gardening

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The attentive gardener notices the small things. The way plants grow, flourish, and wither on a daily basis. He knows that weeds are easily dispatched when pulled daily. The gardener plays a long game, but sees each move in detail. 

Budgeting is no different. The attentive budgeter notices small things, finds small efficiencies there, because she checks in often. She knows that it's easier to correct course when her budget is moving in the wrong direction, because she watches carefully and often. The daily reconciliation becomes a joy, not a chore.

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

Jun 01 2020

4mins

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Doing Nothing Is Something

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It's a common refrain in times of crisis. We must do something. But inaction is, in fact, always an option. Many times, especially when it comes to finances, it is a great option! Jesse reminds us that, in light of current economic conditions, it's perfectly OK to do nothing.

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

May 25 2020

2mins

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Chickens, Fruit Trees, and Trellises

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There's something growing at the Mecham household... and it's in the backyard! Jesse confesses he spent a good portion of his paternity leave preparing a garden with a handful of chicks, fruit trees, and a garden full of asparagus, cantaloupes, and other goodies.

As always, while exercising his green thumb Jesse was thinking about budgeting. Immediate gratification is rare in the natural world. Nearly everything worth having takes time, effort, and care to grow and develop. Chicks need to be fed and kept safe and healthy before they can grow into egg-laying hens. Fruit trees take years before they bear their first fruits. Yet these things, once harvested, can be so much more satisfying than, say, a generic carton of eggs at the store.

Budgeting is no exception to the rules of Nature. Good things come to those who wait, and steward their money well. But the good things are worth it.

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

May 18 2020

4mins

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Windfalls and Uncertainty

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After receiving several questions about what to do with windfall money during times of economic uncertainty (like these), Jesse tackles the topic in today’s episode. As always, but especially true nowadays, cash is king!

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

May 11 2020

6mins

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YNAB and COVID-19

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Freshly returned from paternity leave, Jesse discusses how YNAB has handled the coronavirus pandemic as a company. As always, his focus and the company's focus has been on giving the best budgeting advice they can.

Additionally, the YNAB team has written articles exploring how people can weather the financial storm in the wake of COVID-19. You can read the blog entries here:

https://www.youneedabudget.com/blog/

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

May 04 2020

4mins

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Chasing Value

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Jesse examines how the recent panic buying of food, home goods, and other staples highlights the intrinsic value of certain things that we take for granted. When demand for historically safe assets like bonds and gold falls, yet demand for household goods like flour and toilet paper soar, it shines some light on the practical value of things. In short,  you can eat flour, but you can't eat a bar of gold!

In the future, Jesse encourages us to consider saving not only for future expenses and retirement, but also for some staples and basic goods for unexpected times.

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

Apr 27 2020

10mins

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Write That Gem Down!

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Jesse muses on the impact the coronavirus will ultimately have on people and their habits. When society reopens, will people return to their previous habits? Or will they grow, having spent their time in isolation examining themselves and their priorities, their Rule Zero?

Jesse hopes that people do use this time to reflect, to re-examine their life and rediscover their priorities, and, most importantly, write down the wisdom that comes from that process!

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

Apr 20 2020

5mins

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Rule Zero Morphs Before Your Very Eyes

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Last week Jesse discussed the importance of Rule #1, giving every dollar a job. Rule one is always important, but in uncertain times like these it takes on renewed significance. Jesse has often talked about the rule before the rule, though, the so-called Rule Zero.

Rule Zero is understanding what's important to you, why you're bothering to give your dollars a job in the first place. At the end of the day, to what end are you budgeting? What's the purpose?

In the wake of the pandemic and economic woes gripping the country, consider whether the answer to Rule Zero has become clearer to you. Perhaps in these times you can find not only the resolve to budget like you've never budgeted before, but also to clarify why you're budgeting in the first place.

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

Apr 13 2020

3mins

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You've Never Budgeted At A Time Like This

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With the world at a standstill due to the COVID-19 pandemic, one thing is certain. We’ve never budgeted at a time like this!

Jesse offers some comforting words in this time of crisis, and reminds us to follow Rule #1: Give Every Dollar A Job. Never stop budgeting. Even if it’s only a week ahead, a day ahead, staying engaged and continually planning will give you the best chance to survive financially in these times, and, eventually, thrive. Budgeting is one area of our lives that we can control, in the midst of so many things we cannot.

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

Apr 06 2020

8mins

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The Commander's Intent

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At YNAB there is a document called the Vision Doc, which spells out the “commander’s intent” for the company, how to behave and act on the company’s behalf. Employees must make many decisions on a day to day basis, but with a clear commander’s intent they have the freedom to make those smaller decisions while adhering to the company’s greater goal.

It’s useful to develop the same commander’s intent for your budget. With a clear goal and aim for the budget, it becomes easier to make those small, day to day money decisions that, as we know, can add up to big dollars over the course of a year!

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

Mar 30 2020

4mins

Play

Don't Be Average... You Can't Be Anyway

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Jesse reads an excerpt from the book The End of Average by Todd Rose. In the late 1940's the Air Force had a dangerous problem on its hands -- aircraft of all kinds were malfunctioning and crashing at alarming rates. The Air Force brought in scientist  Lt Gilbert S Daniels to diagnose the problem. Daniels discovered that the Air Force had designed cockpits based on thousands of physical measurements taken from its ranks of pilots, then averaged. Daniels ascertained that despite the rigor and breadth of the measurements, not a single active pilot in the Air Force actually matched up with all the averages. In short, the Air Force had designed their planes around an average pilot that didn't actually exist, causing pilots to have trouble controlling their planes.

We can take a lesson from Lt. Daniels discovery when it comes to our budgets. It's tempting to come up with an average for each line item, and compare your budget to someone else's or perhaps even a regional or national "average." Designing your budget around averages may not actually fit your life, and, going back to Episode 420, may leave your budget rigid and inflexible.

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

Mar 23 2020

10mins

Play

Budget. No, Budget!

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We often talk about the budget as if it’s a noun. Is it “in the budget”? Did you check the budget? When you treat the budget as a noun it takes on a rigid, inflexible quality, like the budget is set on stone tablets.

But what if we thought about “budget” as a verb? As an action, an activity, budgeting becomes a process, a thing which can change and evolve with each iteration.

Jesse discusses the importance of budgeting and not just setting a “budget.” Thanks to Hannah who shared this revelation in her video My 5 YNAB Beginner Mistakes on the YNAB YouTube Channel.

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

Mar 16 2020

3mins

Play

iTunes Ratings

657 Ratings
Average Ratings
512
74
32
18
21

Life-changing

By S.Sitron - Apr 26 2020
Read more
We started seriously using YNAB and listening to this podcast in January. Thanks to that, in March we were for the first time out of the paycheck to paycheck cycle when we both lost our jobs AND got sick with Covid-19 at the same time. Thanks to this amazing tool we had the peace of mind to be able to heal up without the stress of money on our minds. We are still waiting to receive unemployment, but not stressed at all. I’ve tried numerous budgeting systems over the years and YNAB is by far the best. If you take the time to learn it and listen to the podcast to get inspired, this system can change your life! I especially find the “debt stories” series to be inspiring. Thank you YNAB!

Older episodes are better

By Kmelfi10118 - Apr 06 2020
Read more
Love the YNAB software, have been using various versions of it since 2013. Discovered this podcast early 2019 and binged the old episodes and listened to the new ones each week in real time. The last 6 months have been hit or miss, some episodes are short and pointless. I really feel like it could be so much more, maybe if there were listener submitted topics or questions? Still love YNAB, their blog on their website is awesome and the free classes are great.