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The YNAB Podcast

019 - Halftime Adjustments

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

🗓️ 27 February 2012

⏱️ 6 minutes

🧾️ Download transcript

Summary

Five minutes trying to convince you that adjusting your budget is not only correct, it's a best practice.

Transcript

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0:00.0

Hello my name is Jesse Meekham and this is podcast number 19 for you need a budget

0:17.4

where we teach you four rules to help you stop living paycheck to paycheck, get out

0:21.7

of debt and save more money.

0:24.8

Today I want to focus on Rule 3.

0:27.6

And you're saying, are there, is there a Rule 3?

0:29.5

I just know of one, two, and four.

0:31.2

We don't talk about Rule 3 a lot because it's somewhat automatic in the software.

0:35.9

We call it Rolling with the Punches. And there's a lot more to it than what we've been teaching

0:40.7

in the past, and it's something that came out of the

0:42.5

meetup from last week where we had Wein Ebers hailing from all over the globe, part of

0:47.2

the team coming together eating a lot and discussing budgeting some of the time

0:52.0

as well.

0:54.0

It was a lot of fun and one thing that came out of it was Rule 3.

0:57.1

How do we explain it?

0:58.1

What's it about?

0:58.9

What exactly does it mean?

1:01.3

Rule 3, as we call it, Rolling with the punches is a lot more than just

1:04.9

deducting what you overspent from you're available for the next month. It's much broader than that

1:10.8

and I think we need to speak specifically to it to make you not

1:14.8

feel bad for what I'm about to talk about. So Porter's in basketball right now.

1:21.4

I'm not as coach although I'm one of those dads sitting on the sideline where the coach is probably saying,

1:27.0

I wish you were the coach because you're yelling stuff so often.

...

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