The YNAB Podcast cover art

The YNAB Podcast

By: Jesse Mecham
  • Summary

  • 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.
    YNAB LLC
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Episodes
  • Gaming the Credit Card System... Maybe
    Mar 25 2024

    Jesse answers a question from a listener who argues that becuase he carries enough cash to cover his credit card spending at all times, he is not riding the float and therefore is gaming the credit card companies. Jesse quotes Charlie Munger -- "show me the incentive, and I'll show you the outcome" (he actually said outcome not behavior) -- and observes that financial institutions have big incentives to encourage more spending, because spending increases their fees. So where there's an incentive, there's a behavior they want to encourage, and using credit cards is it. In Jesse's experience, ditching the credit card has made him less likely to impulse spend, and that experience is likely what financial institutions have figured out!

    Got a question for Jesse? Send him an email:

    askjesse@ynab.com

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

    Follow YNAB on social media:

    Facebook: @iYNAB

    Instagram: @youneedabudget

    Twitter: @ynab

    Tik Tok: @ynabofficial

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    5 mins
  • Inherent Value Doesn't Exist
    Mar 18 2024

    Jesse argues that the common refrain of a thing having "inherent value" or "intrinsic value" is not actually a thing. As Jesse explains, value is a moving target, constantly shifting along with our desires and material circumstances. To a starving man, food is worth more than gold. To that same man well-fed, it can be worth little. We see this with our own money -- as our circumstances change, the categories we prioritze shift. Rule 3, roll with the punches, acknowledges the ever-shifting nature of our needs and desires, and challenges us to make trade-offs to materialize those changes in our financial plans. To that end, nothing has an inherent value, but rather a variable value, the only certainty being that it will fluctuate over time.

    Beginning Balance Podcast -- the show Jesse mentions has not aired yet, but will be coming soon! In the meantime, check out more of Jesse's musings about money here:

    Apple: https://podcasts.apple.com/us/podcast/beginning-balance/id1569423517

    Spotify: https://open.spotify.com/show/7APubdzXN2eeeMdNpCLkiy?si=19e8c25d5b104494

    Got a question for Jesse? Send him an email:

    askjesse@ynab.com

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

    Follow YNAB on social media:

    Facebook: @iYNAB

    Instagram: @youneedabudget

    Twitter: @ynab

    Tik Tok: @ynabofficial

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    7 mins
  • Ask Jesse: Lavish Praise and Woodchip Gardening (Sort Of)
    Mar 11 2024

    Jesse is back answering another round of questions from his inbox. Today he responds to listeners asking whether the Four Rules are really rules or rather habits, what his favorite time management tools are, and how to relate to a spouse uninterested in budgeting.

    Getting Things Done: The Art of Stress-Free Productivity

    https://www.amazon.com/Getting-Things-Done-Stress-Free-Productivity/dp/0142000280

    Four Thousand Weeks: Time Management for Mortals

    https://www.amazon.com/Four-Thousand-Weeks-Management-Mortals/dp/0374159122

    Got a question for Jesse? Send him an email:

    askjesse@ynab.com

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

    Follow YNAB on social media:

    Facebook: @iYNAB

    Instagram: @youneedabudget

    Twitter: @ynab

    Tik Tok: @ynabofficial

    Show More Show Less
    16 mins

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