Book Club: You Need a Budget
As much as Steve and Tyler talk about You Need a Budget, it was finally time to review the book written by YNAB founder Jesse Mecham, which explains the mindset and process of this beloved budgeting method.
Reading the book (again, in Tyler’s case) has already changed how they budget. Tyler has freed himself up to make quicker progress on his financial goals by simplifying his focus on true expenses. Steve gave himself permission to be less obsessive about his budget, and got ideas about teaching kids money management skills.
Links:
Links:
- (00:00) - The virtues of paper notepads
- (04:55) - You Need a Budget, by Jesse Mecham
- (09:48) - Make budgeting sacred again
- (15:27) - Reframing "can I afford this?" to "does this move me closer to my goals?"
- (18:13) - Balancing True Expenses with the flexibility to budget for emerging priorities
- (29:14) - Budgeting for future months
- (35:16) - Teaching kids to budget
- (39:56) - What makes the YNAB Method different?
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Steve Nay:
Tyler Smith:
Creators and Guests
