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The YNAB Podcast

Ask Jesse: Planning for 3-Month Paychecks and Windfalls

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

🗓️ 31 January 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

YNAB Podcast listener Jenna emailed Jesse to share a recent win. Jenna's husband is about to finish law school, and thanks to YNAB and a lot of work and sacrifice he will graduate with NO student loan debt. First of all, BIG congratulations to you and your husband! Jesse shares some thoughts on this achievement as well as how to manage windfalls with a long-term mindset.

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Transcript

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0:00.0

Hello Wine Embers, my name is Jesse Meakin with another episode of the Wine Am podcast

0:08.5

where we teach you four rules to help you stop and pitch, to paycheck, get out of debt,

0:12.6

and save more money.

0:14.9

In a recent episode of the podcast, I asked four people to share some Wine Am wins and

0:19.6

I got one from Jenna that I really wanted to share.

0:22.4

She mentioned that she says, my husband is in his last year of law school, thank goodness,

0:27.0

yellow.

0:28.0

And in November, we paid off the student loan.

0:29.8

We took out during his first year before we found Wine Am.

0:33.8

He will graduate in May with no student loan debt from law school, law school.

0:40.3

She says this was always the goal, but it seemed impossible to live on just my income until

0:43.9

we found Wine Am.

0:45.7

Why?

0:46.7

It's the awareness.

0:48.8

So Jenna and her husband just became more aware of what their money was doing and more

0:54.0

aware of how far it could potentially go.

0:56.0

So Jenna, your rock star for being able to make that happen and your husband is a rock

1:01.1

star for not dilly dallian and finishing, that's awesome, that's phenomenal.

1:07.7

She mentions one little detail that I wanted to dive into today, Jenna does.

1:10.8

She says, those three paycheck months can really make a difference when your priorities

1:15.9

are clear.

1:16.9

And that is the point.

...

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