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The Jesse Mecham Show

341 - Broken Budgets

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 10 September 2018

⏱️ 4 minutes

🧾️ Download transcript

Summary

Are credit cards a budget breaker?

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, Winebers, my name is Jesse Meekam.

0:06.3

This is podcast number 341 for Wineab, where we teach you four rules to help you stop

0:10.3

living paycheck to paycheck, get out of debt and save more money.

0:13.6

What happens if the transmission fell out of your car and you didn't have the cash to pay for

0:18.1

it because you just got started on Wineb maybe, you hadn't been setting aside $200 in your car repair

0:22.3

category, ad nauseum, and into infinity

0:25.8

and beyond.

0:26.8

So you do not have the money there, and your budget's broken.

0:30.1

You basically have to use a card.

0:32.4

Back in the day with prior versions of Wienab,

0:35.0

this would break your budget,

0:37.0

where you're essentially having to go into debt.

0:39.0

And you're staring at that credit card

0:41.0

and you have exhausted every other option, every other option and

0:45.8

you're thinking I have no other way I've paying for this. First I would ask you

0:50.0

mmm is that really true? Do you really have no other way of handling this at all?

0:56.0

Is there anything you could sell?

0:58.0

Could you do a couple odd jobs really quickly?

1:01.0

Could you just try and scrounge up some money somehow?

1:07.0

Just really exhaust all other options

1:10.0

before reaching for a card and saying,

1:12.0

this is the absolute only way I can make this fix.

...

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