Am I Spendy or Spendful?

The YNAB Podcast

YNAB

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4.7 • 1.1K Ratings

🗓️ 27 March 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jesse relates a story of a couple looking at a piece of gym equipment posted for sale at their local gym. It was expensive, and Emily's gut reaction was "no, it seems spendy." After some reflection she told her husband they should talk about it more, because maybe it was really a spendful purchase.

We are faced with decisions like these all the time. Without a plan, anything can seem spendy, even good things we want to spend our money on. Likewise, we can end up spending on things we don't really care about. Then there's the question "can I afford it?" that plagues us. These swirling, anxiety inducing questions can be answered by giving our dollars a job and working the 5 Questions (see episode #724 for more on the questions).

Next time you catch yourself thinking something is too spendy, ask yourself instead, could this be spendful?

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Transcript

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0:00.0	Hello, my name is Jesse Meekam with another episode of the Jesse Meekam show, and I'm here each week to obsess out loud about spending purposefully, saving
0:21.0	aspirationally and giving joyfully.
0:23.4	It all comes down to just giving every dollar a job.
0:28.5	One of our writers, Emily, posted internally over at Wynab.
0:34.6	She said something super interesting that I wanted to dive into today.
0:39.3	They go to the gym, a bit of a humble flux from Emily.
0:43.5	They go to the gym and they see that there's this used piece of equipment that's on sale.
0:47.6	Now, commercial gym equipment is, you know, higher price than grabbing a couple bags of flour and lifting it over your head right and
0:56.8	um her husband asked hey could we buy this use piece of equipment they have it for sale you know it's
1:02.2	x price and emily says i'll read to you she says my gut reaction said no but then i took a deep
1:08.1	breath and replied let's discuss that seems spendy, but maybe it's spend full.
1:15.1	We can check Wynab and weigh priorities.
1:17.2	Now, y'all maybe don't know this or maybe you do, but Wynab is the software that you use.
1:21.8	Go to whinab.com slash jesse to figure out whether something is spendee or spend full.
1:28.0	Spend full means we've eliminated second guessing.
1:33.0	Spend full means you are confident and content with your spending.
1:38.6	It doesn't mean you're earning more,
1:40.2	but it means when you spend that hard-earned money, you love it.
1:47.8	Spendee, Emily caught herself here and i love it i love it because spendee is a cheap shot spendee is fixated on one thing only price and whether or not
1:56.8	you thought that price was high arbitrarily you know hey i got this gallon of milk how much is you paid
2:02.1	nine dollars well that seems spendy it's like you don't even know that that gallon of milk has
2:06.6	uh some mutation factor in it and i'm going to be you know lifting thousands of pounds here
	...

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