Do You Really Need a Budget with Jesse Mecham

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 18 August 2021

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

#16: Entrepreneur and budgeting pro Jesse Mecham joins Chris to talk about why you need a budget regardless of how much you make. They also discuss about why budgeting gets a bad rap, how to make it easy, why you might be doing it wrong and some of Jesse's top family hacks. Jesse Mecham is the founder and CEO of You Need A Budget (YNAB), one of the best budgeting tools in the market today. He started the company in 2004 as a side hustle and it now supports over 100,000 customers. He's also the host of the YNAB Podcast and author of the bestselling book You Need A Budget. Full show notes available at: https://www.allthehacks.com/easy-budgeting-jesse-mecham Partner Deals Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth Selected Links From The Episode Try out YNAB: Free Month Offer Connect with Jesse Mecham: YNAB Podcast | Website | Email Roth IRAs: Backdoor Roth IRAs and Mega Backdoor Roth IRA Full Show Notes Who is Jesse Mecham? (00:18) Why is the idea of budgeting associated with negative feelings? (01:36) The stress of figuring out what you can and cannot afford.(02:56) Do you have to look at past spending before you create a budget? (05:00) Why you need a budget even if you make a good income. (12:19) Four rules of budgeting. (15:08) Should you use a spreadsheet or an app to create your budget? (17:26) How to budget and save when you have a big family? (22:10) How did Jesse become the YNAB guy? (You need a budget origin story) (27:55) The biggest hack of all (according to Jesse). (31:51) A nerdy investment hack (get tax free money!) (34:02) The 1% retirement investment rule. (38:18) Life hacks that make Jesse's life more convenient. (41:10) How to connect with Jesse Mecham. (42:56) Connect with All the Hacks All the Hacks: Newsletter | Website | Facebook | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn

Transcript

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0:00.0	A quick word from our sponsor today.
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0:22.9	and my next trip to Disney, which I know is coming soon with two young girls.
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0:45.2	Plus, they keep their episodes short and sweet, so it's easy to add to your weekly rotation.
0:50.7	Smart Money is such a great way to get even smarter about your money.
0:54.1	Listen to Nerdwallet's Smart Money Podcast on your favorite podcast app, which you're
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1:02.4	Money.
1:06.9	Hello and welcome to another episode of All the Hacks, a show about upgrading your life,
1:12.4	money, and travel all while spending less and saving more.
1:16.0	I'm Chris Hutchins, and I'm excited to have you on my journey to find all the hacks.
1:20.0	Now, there aren't too many words I could use this early in a show that might send people
	...

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