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The YNAB Podcast

202 - Delayed Gratification

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

🗓️ 18 December 2015

⏱️ 3 minutes

🧾️ Download transcript

Summary

Don't worry. You've been saving up for this!

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, why numbers? My name is Jesse Meekham and this is podcast number 202 for Wyanag, where we teach you four rules

0:16.7

to help you stop moving paycheck to paycheck, get out of debt and save more money.

0:21.4

I want to talk today about delayed gratification. We have been

0:26.8

tirelessly hard at work on pushing out what will be the new wineab and we aren't quite there yet but we have

0:34.6

been burning the midnight oil and I come to you today from vacation I've pre-recorded this I am

0:41.8

resting and we're taking two weeks off we always do it I am resting.

0:43.0

And we're taking two weeks off.

0:44.4

We always do, if you work for Wineab, we always take two weeks off right before Christmas.

0:48.4

We usually get back into the swing of things about the 28th or so.

0:52.3

It gives everyone a nice break before we get into the craziness

0:56.0

that is January and New Year's resolutions when you have anything to do with money in

1:01.2

your business. So we're all on break and it feels pretty good.

1:06.4

It's that hard work, the saving up, and then the spending, so to speak. And if you tie this back to your holiday spending,

1:15.0

you've been delaying gratification for a long time,

1:18.0

you've been saving up all year,

1:20.0

and now you can spend it to you might feel even a little bit strange to be

1:27.4

spending what could be kind of a lot of money, significant amounts of money. I'll want you to relax, stick to your plan, even

1:36.9

when that plan tells you to go ahead and spend. That's what the budget is for. The budget is there to help you spend money without feeling guilty about it, making sure that you're hitting all of your goals.

1:50.0

Sometimes those goals are fun, and you've got to hit those two.

1:53.6

We're not just about paying off debt or saving more money for some eventuality.

1:58.2

We're about doing things with your money that truly makes you happy. And the holidays for me, well that definitely

2:06.7

definitely meets that criteria. So you've saved up, you've delayed that

...

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