Budgeting Like A Beast w/ Jesse Mecham (Bestie) #926

How to Money

iHeartPodcasts

Business, Investing, Education

4.5 • 3.1K Ratings

🗓️ 1 January 2025

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re going all-in today on budgeting with our special guest Jesse Mecham! There are a number of folks listening who might recognize his name, but I’m guessing even more folks are familiar with the company he started back in 2003 while he was still in college: You Need A Budget, or YNAB as it’s commonly known. Millions of individuals have used YNAB to get on a budget which has allowed them to achieve their life-changing financial goals. Whether that’s simply paying off debt or the complicated endeavor of getting on the same page as their partner. Jesse has likely thought more about budgeting over the past 20 years than anyone else out there, so we’re excited to talk with him about all the things that he’s learned over the years. Listen as we discuss why you need a budget in the first place, Jesse’s 4 rules of budgeting, how often you should spend on your budget every month, his approach to credit cards and debt, plus much more!

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

During this episode we enjoyed an Igneous IPA by Hutton & Smith! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

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Transcript

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0:00.0	Happy New Year, everybody.
0:01.7	Joel, I should say Happy New Year to you first, sitting here right in front of me.
0:05.2	Yeah, why are you going to tell everyone else first?
0:07.4	I will say this is our last bestie episode for this holiday season, but with it being the new year,
0:13.8	we figured there may, I don't know, there might be some folks who are taking the day off.
0:17.2	We certainly are taking New Year's off.
0:19.3	Yeah. But that doesn't mean we wanted to leave you
0:21.3	hanging without a how to money episode. Well, in this one, it felt like the right one to play at this
0:27.7	point in time because a lot of people, but budgeting is a four-letter word to some folks.
0:31.5	No, it's not. Well, some folks, some folks hate budgeting. Or they've been inappropriately
0:35.7	thought about budgeting. They should give it a shot. The way it's been talked about has been like frustrating.
0:40.8	Well, think about the way we talked about it most recently on Monday's financial festivists.
0:45.4	Think about all the folks who were able to make significant changes to their personal finances because they said.
0:51.1	And this is ingrained in my mind.
0:53.1	And I don't know why, but multiple folks said that
0:55.0	they religiously tracked their spending.
0:57.9	And the amount of money they were able to find in their lives because of it was significant.
1:01.2	$30,000.
1:02.5	The fact that they were able to, oh my gosh, buy a home for the first time.
1:06.5	These are the kind of money moves that we want to see people making in this coming year.
1:11.0	And like you said, though, there are a lot of, there is a lot of pushback when it comes to
1:14.0	budgeting. Just give it a shot. Like the upside is, it could be massive, right? Like it's,
	...

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