297 - Do I Still Need a Budget?
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 23 October 2017
⏱️ 3 minutes
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Summary
Is there a point where you no longer really need a budget?
Transcript
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| 0:00.0 | Hello, Winebbers, my name is Jesse Meekham, and this is podcast number 297 for |
| 0:09.0 | Wineb, where we teach you four rules to help you stop leaving paycheck to paycheck, get out of debt, and save more money. |
| 0:15.0 | Question of the day, do you still need a budget? |
| 0:20.0 | Do Uber-rich people still need a budget? |
| 0:24.0 | At what point do you not need a budget? |
| 0:27.0 | Who doesn't need a budget? |
| 0:30.0 | Let's just sit here in silence for a moment and think about it. People will write to us sometimes |
| 0:37.6 | and say, the government needs a budget. And I would write back and say, the government has a budget most of the time, speaking only about the US. |
| 0:46.0 | I don't know about the status of other world governments and their budgets. |
| 0:50.0 | But yeah, they have one. It's just they don't approach it the same way we do. It's not zero-based. |
| 0:57.0 | But do rich people need budgets? I mean at what point is your income so high your expenses so low that you really don't need a budget. |
| 1:09.2 | I just can't figure out a scenario. |
| 1:12.6 | I guess you always need a budget, |
| 1:15.8 | because you always need to know that your life |
| 1:20.4 | is being spent appropriately. |
| 1:24.0 | No, no, let's not say appropriately. |
| 1:27.0 | Let's say intentionally because appropriate attaches some kind of standard and I don't know where that standard would come from except |
| 1:35.3 | from you. |
| 1:36.3 | So let's call it intention, your intention. |
| 1:39.6 | And we want you to be intentional with your money because when you're intentional with your money you're intentional with your money because when you're |
| 1:43.0 | intentional with your money you're intentional with your life since you spend a |
| 1:46.3 | good portion of your life earning money and this this is not a new |
... |
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