You Need A Budget (YNAB)

In Part 2 of the Why I Hate Debt miniseries, Jesse explains why debt is a non-negotiable for him, and why is should be for you too.

Jesse hates debt, and you should too. Debt service constricts our cash flow, limits out ability to do other things like savings and investing, and generally introduces more stress into our lives. In this first part of a mini-series on debt, Jesse makes a case for living completely debt-free.

Some of you may be thinking, YNAB sounds great, but what if I don't get a regular paycheck? How am I supposed to budget with that?

Jesse is thinking about launching a separate podcast to discuss small business, internet marketing, and how you can use YNAB to manage your business cash flow, and he wants to know what you think!

Jesse asks the most important question about your reasons for getting out of debt, saving money, and achieving your financial goals. Why?

What if you could save half of everything you make? What if you started doing that from the beginning? Jesse shares some lessons he's trying to instill in his kids as they take their first steps toward financial independence.

It's common to set milestones for paying down debt. They're usually big, round numbers like $500, $1k, $5k, $10k. At the end of the day though, the goals are arbitrary. It's just a number, a stepping stone, toward the greater goal. But if the day to day grind of fiscal responsibility is getting to you, change your milestones!

Try this exercise to clarify your budget and see whether your budget is in line with your priorities.

Why do we become desensitized to the upticks in price of just about everything? Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

"We could spend less if we wanted to." Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

New feature alert: two factor authentication Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Everyone is getting into the lending money game. Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Jesse discusses payroll advance apps. Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Jesse discusses payroll advances in relation to age of money. Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Jesse goes back to basics and breaks down YNAB's Rule Four: Age Your Money Sign up for a free 34-day trial of YNAB at www.youneedabudget.com