Hello, Wine Ebers. My name is Jesse Meekham and this is podcast number 136 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 talk about something that's been on my mind

for quite some time. I've had this sneaking suspicion as of late that we're becoming soft and our thinking.

And thinking of course directly affects our actions.

Why NAB as a brand or company doesn't talk too much about things

beyond the four rules.

On the podcast, I'd get into other stuff a little bit but

not too much. We teach you rule one which is to prioritize your spending and

saving and recognize that there's a reality of finite resources, you don't hear us say much about how or what

to prioritize.

Rule 2, look ahead for larger, less frequent expenses and break them into monthly amounts.

Build those monthly amounts into Rule 1's priorities.

Again, we don't take a stance on what the ability to guess what will happen in the future. Rule 3 is just a way of saying, hey, if Rule

1 and 2 are feeling a bit brittle under these new circumstances, it is okay to change things. We do not teach you what needs what merit change in your budget

under Rule 1. Rule 4, we teach you to learn to live on last month's income called a buffer.

It's just a really nice place to be.

You can get out of the paycheck to paycheck cycle, pay your bills as they come do, and just sleep a little

easier at night. We do not tell you that reaching this buffer is mission critical. We don't yell and

scream about the fact that you don't yet have your buffer. We let you decide how to prioritize

your buffer based on, you guessed it, Rule 1. Rule 1 is kind of a big deal.

Lo and behold, your priorities end up being the important thing in the whole methodology.

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