Episode Details

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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