Hello, Winebbers. My name is Jesse Meekham and this is podcast number 82 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.

A lot of people, if they've just heard of Wynab or if they're like the 80% of everyone,

spend money that is not very old, for instance.

You're paid on Friday and you spend on Saturday

what you earned on Friday. And then Monday you're broke again. So the age of

your money in that situation is very young. Some people get in a situation that's even worse where they're

spending money on a card that they haven't yet earned. I was talking with Mark

Wineamps blogger about this and he called it in vitro money, money that hasn't even

been born yet, and you're already spending it.

So we were thinking about that, the age of money.

I wanted you to think about it as well. What would it mean if you were

spending money that was 30 days old? That would mean that you had a buffer in

place, right? We teach you to live on last month's income.

Essentially we want you to be spending money that's at least 30 days old.

Think about Christmas and following Rule 2 with your rainy day funds,

if in January you set aside $100 and February you set aside

$100 and so on and so forth, in December you would have $1,200 with which you could then shower

your children with gifts.

And on average, the money that you were spending on Christmas would be six months old,

because you'd been saving for it for a year.

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