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The YNAB Podcast

200 - Perfect for Procrastinators

The YNAB Podcast

YNAB

Consolidation, Total, Budget, Dave, Peace, Money, A, Education, Ynab, Finance, Bankruptcy, Makeover, Fpu, Software, Management, Personal, Need, Ramsey, Financial, University, Debt, Kids & Family, You

4.71.1K Ratings

🗓️ 30 November 2015

⏱️ 7 minutes

🧾️ Download transcript

Summary

Hey Procrastinators, I have the perfect system for you.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, whinabbers my name is Jesse Meekham and this is podcast number 200, 200, for why now where we teach you

0:18.4

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

0:27.0

The key is that we're all procrastinators, right? We all end up just kind of not doing the things we should be doing and scrolling Facebook instead.

0:40.0

Bless you, person that just heard this and is proud that you don't have a Facebook account.

0:45.0

My hat is virtually off to you.

0:48.0

I admire your fortitude and I do wish to be more like you.

0:57.0

For the rest of you that are scrolling Facebook as you listen to this,

1:01.0

stop just for a moment. No I'm kidding procrastination though seriously it's a

1:05.2

problem and I think Wyanam has a little bit of I don't know there's a little bit of a bonus for you procrastinators out there.

1:15.0

Because with Wyneab now, procrastination becomes kind of cool.

1:19.0

And I don't mean just cool among teenagers, I cool among you know productive people in

1:25.4

society cool because you're saying well I you know I got a dent in the car

1:30.4

but I don't have enough to pay for it right now so I'll just do it later

1:35.1

when that rainy day fun category that that rule to fund when that's replenished

1:40.7

and ready to roll or maybe you see something you really, really want, but your

1:45.1

fun money category isn't quite high enough. So you wait, and then, lo and behold, that thing goes on sale and

1:52.2

you snatch it up.

1:54.5

Procrastination in this sense is key.

1:57.9

Now the flip side of procrastination and what freaks me out in the workflow that people set up a lot of times when they want to fix their finances

2:06.0

is they'll say okay I'm going to set everything up and then I'm going to directly import all my transactions at some point and I will see what

2:17.7

happened and procrastination as the task becomes overwhelmingly large, the tendency to procrastinate gets even greater.

2:27.0

So procrastination can bite you in the money management aspect if you are putting off the management of the money. But if you're putting off the management of the money.

...

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