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The YNAB Podcast

201 - A Container for Your Money

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

🗓️ 7 December 2015

⏱️ 4 minutes

🧾️ Download transcript

Summary

YNABer Question: How do I switch banks with YNAB?

Transcript

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0:00.0

Hello whinabbers, my name is Jesse Meekam and this is podcast number 201 for Wyanab.

0:15.0

Where we teach you four rules to help you stop living paycheck to paycheck, get out of debt and

0:19.7

save more money.

0:21.3

I got a question.

0:22.3

I think it was on Twitter perhaps from a Jamie, Jamie H.

0:27.5

She's a dedicated whinabber and she wants to switch banks. That is such a hassle, right? right switching of the banks luckily with why now that part of it is not a hassle

0:38.3

why now does not care where your money physically sits, right?

0:43.0

So if you are a certain

0:46.0

tin foil hat wearing kind of cautious person,

0:51.0

then the money sits in your backyard in that moisture-proof

0:56.3

container that you purchased at an armly surplus supply store and then

1:01.0

buried. So there's there, that's one spot. Or it sits in your magic

1:05.4

bookcase and I'll admit I want one of those. Or it sits spread across lots of

1:10.2

old-looking novels that are hollowed out could be good or some fake

1:14.0

electrical outlets or a hollow shaving cream can or cereal box and once you've

1:22.2

located all of your money that strategically and

1:24.4

cautiously spread throughout the house, just know that Wienab does not care.

1:29.2

So if you are at bank, you know Valley Bank and you want to switch to Mountain Top Bank,

1:35.0

Wino does not care that you've moved your money from the valley up to the

1:39.2

mountaintop. It only cares that your budget knows what's going on and that you can look to your budget and say,

1:46.0

am I allowed to spend X on Y and have things still be according to plan.

1:51.0

So, tactically, like nuts and and bullets how you would do that is you

...

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