Budget. No, Budget!
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 16 March 2020
⏱️ 4 minutes
🧾️ Download transcript
Summary
We often talk about the budget as if it's a noun. Is it "in the budget"? Did you check the budget? When you treat the budget as a noun it takes on a rigid, inflexible quality, like the budget is set on stone tablets.
But what if we thought about "budget" as a verb? As an action, an activity, budgeting becomes a process, a thing which can change and evolve with each iteration.
Jesse discusses the importance of budgeting and not just setting a "budget." Thanks to Hannah who shared this revelation in her video My 5 YNAB Beginner Mistakes on the YNAB YouTube Channel.
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Transcript
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| 0:00.0 | Hello, Wineabbers. My name is Jesse Meekham and this is podcast number 420 for Wineab, where we teach |
| 0:10.2 | you four rules to help you stop of in paycheck to paycheck, get out of debt and save more money. |
| 0:16.0 | Over on our YouTube channel, which is getting a little more active, just Google, you need a budget on YouTube or go to YouTube and search you need a |
| 0:25.8 | budget you'll find us we had a great video from Hannah who mentioned five |
| 0:30.6 | different mistakes that she had made as she started her budgeting. |
| 0:33.9 | And one of them, it resonated with me. |
| 0:36.0 | I wanted to talk about it a little bit today. |
| 0:37.9 | The idea is that budgeting is not a noun, but a verb. |
| 0:42.1 | So I know I'm guilty of this and y'all are guilty of this. The idea |
| 0:46.2 | of well is it in the budget? Is it in the budget? Is it in the budget? Is it |
| 0:49.0 | are we allowed? Did you check the budget? Right? Did you look at the budget? |
| 0:51.8 | We want to go out to eat. Well what does the budget right did you look at the budget we want to go out to eat well what |
| 0:53.4 | does the budget say all of those uses are as a noun the budget is a thing you |
| 0:59.0 | argue with it you throw it at another person perhaps you reference it you spied it sometimes but it's a |
| 1:09.3 | now what if you thought about not the budget but budgeting? |
| 1:15.0 | What if you thought about it as a verb? |
| 1:18.0 | As a verb suddenly the budgeting is proactive. When you're budgeting your thinking, when you're |
| 1:25.1 | budgeting your planning, you're prioritizing, you're intending, and you're |
| 1:30.9 | actively, you're involved, you're engaged you are moving because life is moving around you |
| 1:38.0 | you need to move with it a static noun budget is not nearly as flexible as budgeting where you're your dynamic |
| 1:46.4 | right which matches life and its dynamics so if you're figuring if you're |
| 1:52.3 | trying to figure out where you're falling short with this idea of budgeting or with this idea of a budget |
... |
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