Jesse Mecham: You Need a Budget
Jesse Mecham is the CEO and Founder of You Need A Budget* (YNAB). He’s on a mission to help people stop living paycheck to paycheck, get out of debt, and save more money. He recently released his book by the same name, You Need a Budget*, a Wall Street Journal Bestseller.
Key Points
• Be as vigilant with your money as you are with your time.
• Constraints allow us to be creative. When your options are endless, you’re frozen.
• Most people’s monthly budgets underestimate actual long-term expenses.
• Your emergency fund should be for more than just things you forgot to plan for.
• Budgeting is about looking forward and actively adjusting.
The Four Rules for Budgeting:
1. Give Every Dollar a Job
2. Embrace Your True Expense
3. Roll With the Punches
4. Age Your Money
Bonus Audio
Handling allowances with your kids
Resources Mentioned
You Need A Budget • * ( YNAB • )
A Beautiful Constraint • * by Adam Morgan and Mark Barden*
The Opposite of Spoiled • * by Ron Lieber
Book Notes
Download my highlights from You Need A Budget in PDF format (free membership required).
Related Episodes
How to Transform Your Limitations Into Advantages, with Mark Barden • (episode 207)
How to Manage Your Money, with Jill Schlesinger • (episode 322)
Six Tactics to Achieve Extraordinary Performance, with Morten Hansen • (episode 337)
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