Hello, Winebbers, my name is Jesse Meekham and this is podcast number 16 for unid-day budget.

We teach you four rules to help you stop living paycheck to paychecks.

Save more money and get out of debt.

Save more money for what? I love when people have a savings

account and you ask them what are you saving for and they have no idea they're

just saving for no good reason, which means when any tiny little excuse of a reason comes up, they raid their savings account.

So if you want to build a moat around your savings account, you have to give

your savings account purpose and that will make all the difference. So if you're saving

for a new iPad, then you don't want to rate it

when some little niggly thing comes along that's throwing you off a little bit and

it will. Back left tire flat after my mother-in-law

drove it. Not saying it was her fault, I just think that's a very strong coincidence.

Kidding. It was a nail and we got it fixed. But that kind of stuff happens all the time and you

just got to foresee it and you don't want to have a lot of little expenses, a little

bumps in the road, nails in the tire, throw you off track, where that

savings account is meaningless, it means that you can get in there for whatever you want. So give your savings account some purpose.

Tell yourself why you're saving. I don't care if it's for scrapbooking material or a new putter.

Whatever it is. Now you say, well what about the emergency fund? Well that is the

purpose. It's for disasters, big emergencies, where horrible things happen and you need that influx of money to be able to

handle it without falling back to your credit card. Today I want to talk about

automation. It's a double-edged sword.

Wineb seems to be making a name for itself in that we don't really want you to automate away your finances.

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