252 - Growing Old Together with Your Crazy Money
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 28 November 2016
⏱️ 14 minutes
🧾️ Download transcript
Summary
How the age of your money becomes even more important when your income has a wild side.
Transcript
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| 0:00.0 | Hello, Wine Eweinnevers. My name is Jesse Meekam and this is podcast number 252 for Wineab |
| 0:14.2 | where we teach you four rules to help you stop him and paycheck to paycheck get out of |
| 0:18.8 | debt and save more money because who wouldn't want to do that? This is part four of a four-part |
| 0:25.4 | series on budgeting with your very variable income, your wild income. With me, I have |
| 0:32.4 | Todd and we'll cut over to that conversation now. |
| 0:35.0 | All right, I am here with Todd Curtis for part four of our four-part series on budgeting |
| 0:42.0 | with a variable income, which is just budgeting with a few little |
| 0:45.2 | focal points. |
| 0:48.1 | Todd, we haven't yet talked about Rule 3. |
| 0:51.7 | For anyone that's new here, it's what we call it on what the punch is and it |
| 0:55.1 | basically means change your budget when you need to. Looking through the |
| 1:00.2 | lens of a variable income budgeter, how does Rule 3 change for them? |
| 1:05.4 | So I think it's just, you have to be even more flexible. |
| 1:09.1 | Rule 3 kind of is really ironic to me for a variable income folks because they've got the idea they chose a career |
| 1:16.1 | a job where the income was going to go up and down but somehow sometimes some of them still think that |
| 1:21.2 | their budget shouldn't change along with it. |
| 1:24.0 | So it's maybe recognizing that a little bit earlier and being more willing to realize that |
| 1:30.4 | variable needs, |
| 1:33.0 | priorities go with your variable income. |
| 1:35.1 | Yeah, so you've, you're all budgeted, |
| 1:37.9 | we'll get into the age of money rule |
| 1:39.8 | and spending money that's at least 30 days old |
... |
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