Hello, why nevers, my name is Jesse Meekam, and this is podcast number 183 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. We will talk in depth for four minutes about Rule

1. Give every dollar a job. That's a fancy way of saying prioritize your

dollars. It sounds simple, it is and yet very few people do it.

The question remains, what order? In what order do we prioritize? Let me give you some guidance.

First, you start with survival.

Just survival, right?

Feed your children.

Shelter your children.

Family.

Maybe keep the lights on. Just surviving, right?

Obligations.

Obligations range. People can say they're obligated to their Netflix subscription. I don't say

Netflix specifically because I'm casting judgment. I say it because some of you would say, oh yeah,

of course that's an obligation and some of you wouldn't all

I'm saying is people have wildly different definitions of obligation and it's up to

you to determine what it is my job is only to tell you that you first prioritize obligations. Second, you budget for your true

expenses. That's now into Rule 2, so I forgot that we're going to be mentioning rule two as we talk about rule one but

it's they're one and the same you're just prioritizing for larger less frequent

expenses Christmas, property taxes, a medical deductible perhaps. If you have larger, less

frequent expenses and every one of you do you should break those up into

smaller monthly amounts and embrace those true expenses. That line you

...