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The Jesse Mecham Show

Ask Jesse: Living Right And It's Not Fair

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 22 November 2021

⏱️ 7 minutes

🧾️ Download transcript

Summary

Jesse answers a concerned parent emailing about their son's college experience. After raising a thoughtful and budget minded son who paid for his first semester of college by working a series of jobs during high school, the parent was dismayed by the extravagant lifestyle and expenses of his classmates. Expensive vacations, clothing, electronics -- many undergraduate students aren't living like students, and it can be frustrating for people embracing a life of responsible budgeting. Nevertheless, Jesse reminds the listener that the gifts of budgeting, responsibility, and good planning pay off in the long run far more than ephemeral luxuries.

 

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Transcript

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0:00.0

Hello, Weinabbers. My name is Jesse Meakum and this is another episode of The Weinab Podcast

0:08.9

where we teach you four rules to help you stop them and paycheck to paycheck. Get out

0:12.0

of debt and save more money today. I got a question. Here we go. A little background

0:17.6

about us. I've enjoyed reading your book, listening to your podcast and reading your

0:20.4

Weinab blog posts. My hubby and I have always been pretty frugal and have tried to live

0:24.6

within our means. We've modeled and taught this to our kids, too. Good job. That was me

0:28.8

adding good job. Keep going with quote. We got more proactive about budgeting when I first

0:33.2

heard about your book a year and a half ago. Our kids are now teen and college age and

0:37.7

we are running into frustrations. There's the meat of the question. It's really discouraging

0:41.9

to see how to them to see how society quote rewards the responsible behavior. As an example,

0:48.3

my son worked for two years in high school, saving almost every penny for his freshman

0:51.9

year in college. That is so freaking awesome. I added that back to the quote because his

0:57.2

bank account was healthy at the end of the two years. He got very little aid. He saw

1:01.1

kids around and partying, going on vacations, buying stuff, and they got more aid. On the

1:06.8

one hand, my kids value what they have because they have skin in the game, but it's hard

1:10.1

for them to see people around them living outside of their means, racking up debt and living

1:14.5

better than we do. Quote, quote unquote, better than we do. I try to tell them there is a

1:18.4

stress to having debt, but the truth is there's also stress when you feel like you just

1:21.4

don't have enough. Any advice to how to contribute continued to be good stewards with our

1:26.0

their money when so many around them live so differently. They just feel like they get

1:30.1

quote punished by colleges and others for being responsible. Geez. That's like a trigger

1:39.7

thing for me. This triggers me. There is no such thing as something for nothing. It violates

...

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