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The YNAB Podcast

46 - You're Never Really Saving Money...

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

🗓️ 3 September 2012

⏱️ 4 minutes

🧾️ Download transcript

Summary

You're not really saving money. You're simply acknowledging future expenses.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, whinappers. My name is Jesse Meekham and this is podcast number 46 for you need a budget

0:20.3

where we teach you four rules to help you stop living paycheck to pay check, get out of debt, and save more money.

0:27.0

And I start every podcast by saying that little bit and talking about saving more money.

0:35.0

And I posted this on our Facebook page,

0:37.0

Facebook.com slash I, Wyanab, IYNab.

0:41.0

IYNab.

0:42.0

And I might have also shot it out on Twitter. You can follow Wineb on Twitter at

0:46.0

Wineb.

0:47.0

Anyway, I was thinking about saving money and I was looking at my four-year-old daughter at the time and I thought she's going to get married one of these days.

0:58.0

And I don't want to have to borrow money, well I wouldn't borrow money, to fund the wedding.

1:05.0

And I don't know how much weddings cost and frankly I'm not going to do any research into it but

1:10.0

they're going to be something more than what we would have for normal monthly outflows.

1:15.8

So I thought about that and I said, man, maybe she'll get married when she's, I don't know, 24,

1:21.0

21-19, no.

1:25.0

No, at any rate, they'd be an expensive proposition.

1:28.6

And then I was thinking about cars.

1:30.1

You know, we always, I tell people, you know know pay off your cars it's it's not smart to

1:36.4

drive around in a car you owe a bunch of money on

1:40.0

uh... i don't get excited about cars anyway so it's easy for me to resist buying the brand new whatever.

1:46.0

But we've been saving up for a new van and we have the money for it now.

1:51.0

We're just waiting for the current van to keel over and die.

1:57.0

Vacations, you know, we're saving for a vacation, having to decide exactly what we're going.

...

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