Hello, Winebbers, my name is Jesse Meek, and this is podcast number 298.

For Wineb, where we teach you four rules to help you stop looking paycheck to pay check,

get out of debt and save more money.

What to do with loose change or lose the change perhaps?

Should you lose the change?

Do you track your cash? Just a little quick input for me as

far as tracking your cash. If you're dealing with a fairly small amount of cash and

you need to determine what small is, because I might say

$500, and just one person, they're like, that's not small, that's half my budget.

For someone else, they're like, well, $500, yeah, of course, you know, why would I worry about that?

Whatever it is.

You need to determine what amount is what we would call in the audit world

immaterial to you, meaning if you lost it, it wouldn't be a big deal.

If you didn't know where it went it wouldn't be a big deal.

You may not lose it like oh shoot it just flew out the window but do I have to know in

particular where this money went or can I just let it be?

And there's a threshold there of materiality.

And you just want to make sure that anything below that you really just don't care about. And this is coming from a guy who has a very low materiality threshold.

I like to know where everything's gone. Ask the leadership team when I have to ask them where all the money is gone in the

business what was this what was that what was this for ten dollars what was that

that's the life they have to live here at Wineb one of just laser focused scrutiny on the spending but that keeps us

keeps us same keeps us humble keeps us grateful so I'm glad for it So I have a low threshold for materiality. You may have a little higher than that. What I'm saying is in the cash situation where you're saying should I track my cash? Should not I've got this change listen if you didn't

...