Hello, whinabbers. My name is Jesse Meekam, and this is

podcast number 70 for you need a budget, where we teach you four rules to

help you stop living paycheck to paycheck, get out of debt and save more money.

Today I want to specifically talk about saving money and how you do that in Wineap and why you shouldn't

just save money but should save money with a purpose.

I was talking to my sister, my sweet sweet sister, and she said, I'm saving money, where should I put it?

Should I invest it? And I said, what's the money for? Well, it's just savings.

I said, what, what are you saving for? Well, nothing. I'm just saving it. And I told her I really

could give her an answer, because I'd have to know.

I'd have to know more about what she was going to use the money for.

So I said, well is it for retirement? Is it for a

house down payment? Is it for vacation? Is it for a crockpot? I mean, what exactly are we

saving for? Until you decide that, you can't really save with the same focus and the same intensity

that you could otherwise.

Savings that don't have a job.

Savings that are just savings will be rated at the first sign of an emergency, of an excuse.

So you'll say, oh man, this came up, well let's just use our savings.

Well if that savings was for a new Macbook Crow or was for a vacation or for Christmas,

you'd think twice about rating the savings to bail yourself out of some

perceived emergency.

That emergency is probably an underfunded rainy day fund from rule two.

Sometimes there are legitimate emergencies where an emergency fund would need to be utilized

...