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The Jesse Mecham Show

Delay... Not Debt

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 13 November 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

Jesse shares a story about helping his daughter use YNAB to plan her spending and save for an electric bicycle. The bike was $600, quite a big ticket item for a 9 year old, but together they came up with a plan and created a target in YNAB to assign money toward that goal each month. And when the day came a few months later to make the purchase... she didn't want it.

 

The burning desire for the bike had passed, and the clarity of the tradeoffs she would have to make to buy it set in. At the end of the day, the bike wasn't worth it to her. That is the power of YNAB and delayed gratification. By saving for the bike first, she was able to learn whether it was in alignment with her priorities. Often when the initial desire for something hits, it overwhelms our sense of priorities. And when we use debt to shortcut the time delay it takes to save up for a thing, it not only obscures our priorities but it also robs us of the choice to not buy it when the smoke clears and our sense of priorities returns.

 

Watch The Jesse Mecham Show on YouTube:

https://www.youtube.com/@jessemechamshow

 

Got a question for Jesse? Send him an email:

askjesse@ynab.com

 

Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

 

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello, my name is Jesse Meekam with another episode of the Jesse Meekam show,

0:16.1

and I'm here each week to obsess how loud about your spending purposefully, saving, aspirational,

0:22.0

and giving. Oh, so joyfully. It all comes down to just one tiny little question. And today,

0:28.0

I will talk about a tiny little nine-year-old girl and this question that we were asking and

0:32.1

answering for her. I set up my daughter, Fay, her i don't know months and months ago um we usually do it when

0:43.0

they're eight with her we did it a little later i'm not sure why but she's been starting to earn some

0:47.5

money so back in the middle of the summer we did the whole exercise and you guys know how i like

0:53.8

to do it i like to line up all the categories and just pepper them like you. And you guys know how I like to do it. I like

0:54.3

to line up all the categories and just pepper them like, you want this, you want this, you want this.

0:58.1

And then they start to fill the tradeoffs. And you start to see the understanding happen in their

1:03.7

eyes. We have them tied. We have them save. And then everything else is basically what you and I,

1:07.6

we adults, would call fun money. But it's nine-year-old categories.

1:12.2

My favorite category for her with a skull crossbones emoji is the poison category, and that is

1:19.6

for her snacks at the gas station. And she got that for me. So she had a big ticket item on there from months ago, an electric bike.

1:30.1

And man, had this little girl been talking about it a lot.

1:33.5

She had shown me the model she was going to buy.

1:36.0

She had price shopped it a little bit.

1:37.4

She knew how much shipping and taxes was going to be.

1:40.7

She knew exactly how much the entire purchase would take.

1:45.7

We set it up in Wynab.

1:51.8

We set up a category. And I just said, okay, Faye, if you put away this much each month,

1:55.8

by this day, I can't remember the day, you'll have enough for the electric bike. And she was just kind of like, really? Whoa. Something like that's out of her reach. And don't we all feel that way about some purchases

...

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