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The YNAB Podcast

Episode 002 - Setting and Achieving Mini Financial Goals (Budgeting)

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 October 2011

⏱️ 14 minutes

🧾️ Download transcript

Summary

Wait, I thought we were budgeting. What's all this talk about goals, mini-goals, and habits? Yeah, you're not budgeting. You're becoming an unbelievably effective goal setter/reacher.

Transcript

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0:00.0

Hello, Wienabbers. My name is Jesse Meekham, and this is podcast number two for

0:07.2

You Need a Budget, where we teach four rules to help you stop living paycheck to paycheck. Get out of debt and save more money.

0:17.0

For our inaugural podcast, we talked about rule four, trying to get people to stop living paycheck to paycheck, and People means you.

0:27.1

For today, for Podcast Number 2, we're going to talk about Rule 1.

0:31.9

Rule 1 is to give every dollar a job.

0:34.8

You're a drill sergeant.

0:36.0

You're the boss.

0:38.5

Rule 1, though there's a little secret to it,

0:40.9

it's actually just short-term goal setting. We'll talk

0:45.2

about Rule 2, maybe next time, next week, where we look to longer-term goals and

0:50.9

those larger, less frequent expenses.

0:54.0

Not always expenses, also cool things like Christmas and

0:57.0

Disneyland, vacations, things like that.

1:00.0

But we'll get there next time.

1:01.0

Rule 1, it's just about telling your money what to do.

1:06.0

Many goals until you get more money and then you set more many goals.

1:12.0

A year ago we I think it was a year ago we hacked the

1:16.6

Grand Canyon as a family not with my kids but my parents and siblings and

1:21.4

when you hacked the Grand Canyon you start out on the South Rim and then you hike to,

1:28.9

you hike down into the Canyon and back out onto the North rim and then you usually take a day break and then early

1:38.1

that following day you hike back from the north room down into the canyon and back up and out on the north room, down into the canyon, and back up and out on the south room again.

1:46.2

And you are sore, and it is tiring, and it's a massive elevation change, but if you love

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