4.7 • 1.1K Ratings
🗓️ 22 July 2024
⏱️ 7 minutes
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Jesse shares a fun way to handle "fun money" from long-time YNAB software engineer Kyle. Kyle suggests creating separate bank accounts for fun money with separate budgets as well. His method evolved from the desire to keep the visibility of fun money separate from his spouse, so they could 1.) take any judgment or guilt away from spending fun money, and 2.) spend on fun things for each other without ruining the surprise!
Ordinarily, Jesse advocates for simplifying your bank accounts as much as possible, but Kyle is a veteran YNAB'er and his method may be a fun experiment for you to try in your own family!
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0:00.0 | Hello, Wine numbers. My name is Jesse Vekim with another episode of the Winean |
0:07.8 | podcast and I'm here each week to obsess out loud about spending, purposefully, |
0:12.0 | saving aspirationally and even giving joyfully. |
0:15.2 | It all comes down to these four ways of thinking about your money. |
0:20.0 | They all kind of point you back to the one thing. |
0:21.8 | The one thing is, and I've mentioned this many times before, |
0:24.4 | is that you're giving every dollar a job. |
0:26.3 | You're feeling finiteness of your money. |
0:31.1 | And when you feel it, when you let yourself feel it you start to feel also the answer to the question |
0:37.2 | what should that money do if you don't feel the finiteness or I learned the new |
0:42.2 | word the other day one whenever our writer Dan helped me |
0:45.3 | Finitude I think that was it the fact that your money isn't endless no one's is And that's what makes the argument for thoughtfulness. |
0:56.6 | Not a scrooge kind of a thing. |
1:00.1 | Not money is meant to be saved forever but just thoughtful because it is scarce let the |
1:07.8 | scarcity give you the clarity needed to decide what you want your money to do. This is the last of my topics given to me by the team and |
1:18.1 | Kyle one of our engineers he mentioned he said using a separate budget for your fun money makes it more fun. Now fun |
1:27.3 | money is critical darn close, darn close to critical. |
1:33.0 | When Julie and I first started our whole journey on this money thing, we were living very, very, very |
1:39.8 | tight and we didn't have this idea of fun money and about two weeks in to very |
1:46.2 | tight living just using Wineb it wasn't called that it was just Jesse and Julie's |
1:51.2 | spreadsheet at the time I felt like I was suffocating was just |
1:53.3 | jessie and Julie's spreadsheet at the time. I felt like I was suffocating. |
... |
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