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The YNAB Podcast

015 - Ignoring Life's Biggest Expense is Folly

The YNAB Podcast

YNAB

Consolidation, Total, Budget, Dave, Peace, Money, A, Education, Ynab, Finance, Bankruptcy, Makeover, Fpu, Software, Management, Personal, Need, Ramsey, Financial, University, Debt, Kids & Family, You

4.71.1K Ratings

🗓️ 30 January 2012

⏱️ 20 minutes

🧾️ Download transcript

Summary

Taxes are your life's single biggest expense. Cozy up with the tax code and minimize as if your financial life depended on it!

Transcript

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0:00.0

Hello, whinabbers, my name is Jesse Meekham and this is podcast number 15 for you need a budget

0:18.0

where we teach you four rules to help you stop living paycheck to paycheck.

0:22.0

Get out of debt forever and save more money for

0:27.5

your kids college for your retirement for vacation for car repairs for a new car if car repairs are out of the question and today I'm

0:38.1

going to talk about a huge huge issue that we're all facing, well most of us if we're US-based, and that is tax

0:47.5

season. I am a recovering CPA. I got my CPA in 2006 I think and then in 2007 let it lapse started

0:57.6

Wienab full-time that was the end of CPA hood so I don't legally know

1:01.7

what I'm talking about but I can still remember a bit from when I did, and since this is my least favorite season of the entire year, it's also going to become maybe a bit of a topic that I rant on for a little bit.

1:14.0

Also, it'll be the focus of a course that I've launched in the past,

1:18.0

and we're relaunching this year.

1:20.0

You all are focused on the wrong thing, the of this podcast in a post I wrote two years ago that is still very very

1:28.1

Relevant happened when I was on the treadmill and there was a commercial for Intuit's TurboTax.

1:33.4

Saw one last night watching, I don't remember what it was.

1:37.0

Anyway, how it guides you through your taxes and then they showed you this really fancy image with a guarantee seal.

1:45.7

And on Intuit's website you'll see it pretty much front and center every time when we get

1:49.8

to tax season where they talk about getting your biggest tax refund guaranteed.

1:54.4

So the focus of Intuit's marketing for TurboTax is about the refund, but not singling

1:59.4

out just Intuit with whom we happily and joyfully compete.

2:03.8

But taking a look at other providers like Tax Act.com.

2:08.0

I use them years and years ago.

2:10.4

On their front page a while ago,

2:12.0

they had maximum refund pledge.

...

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