YNAB Rule 2: Embrace your true expenses
In part two of our series, we discuss YNAB Rule 2: Embrace your true expenses.
Not every expense happens regularly or predictably. Budgeting for the infrequent or high-impact purchases that happen throughout the year increases your resilience. It can even take circumstances that used to be emergencies and convert them into mere inconveniences.
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Steve Nay:
Not every expense happens regularly or predictably. Budgeting for the infrequent or high-impact purchases that happen throughout the year increases your resilience. It can even take circumstances that used to be emergencies and convert them into mere inconveniences.
- (00:00) - Auditioning in a quartet
- (03:36) - Rule 2: Embrace your true expenses
- (08:17) - Categories of true expenses: Predictable and unpredictable-but-inevitable
- (10:49) - How to have fewer emergencies
- (15:41) - The joys of auto-pay
- (19:47) - True expenses vs. an emergency fund
- (26:53) - Some of Tyler and Steve's true expenses
- (34:01) - Debt payoff
- (36:50) - How Tyler got converted to YNAB
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Steve Nay:
Tyler Smith:
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