Hello, whinabbers. My name is Jesse Meekham and this is podcast number 151 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.

When you think about saving money, as always,

we think in a little bit about Rule 2.

And Rule 2 is really to be thought of along the lines of a spectrum. Rule two where we talk about

saving money for a rainy day where there are larger less frequent expenses. Think

about the largest least frequent expense of your life and start thinking

about life events. I'm not talking about weddings for my two little girls

which hopefully are a long, long ways off, but even then you think about that.

Let's say you're going to spend $10,000 on a wedding. And let's say that you're traditionally

right, the bride's family bears the burden of the wedding. So let's say it's 10,000 bucks which I think is extremely high but

ten thousand dollars and your daughter will be let's guess that she is now five

and she will be married when she's 25, I guess.

So you got 20 years to save $10,000, which is 500 bucks a month, or 500 bucks a year, I year I mean take that down to a monthly amount and it's

about what 42 dollars a month 42 dollars a month I know there are some of you

out there that are really you know

pinching pennies and scraping and juggling money around moving things between

categories and 42 bucks you find

42 dollars and you're thinking I got something I can do with that money

well think now about looking over your categories and pulling 42

dollars from somewhere and stick it in a wedding category for your five-year-old.

That, my friends, is the most depressing Rule 2 example I've ever given.

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