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The Jesse Mecham Show

Lifestyle Creep?

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 28 September 2020

⏱️ 4 minutes

🧾️ Download transcript

Summary

Recently someone asked Jesse about his thoughts on preventing lifestyle creep, a major supposed gremlin of budgeting. Jesse doesn't even like the question, and discusses why worrying about lifestyle creep is looking at budgeting in the wrong light.

 

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Transcript

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0:00.0

Hello, Winebbers. My name is Jesse Meekum and this is podcast number 447 for

0:09.1

Wineab, where we teach you four rules to help you stop them in paycheck to paycheck,

0:12.4

get out of debt and save more money today.

0:15.0

If you're a listener, then there's nothing different about this, but if you are on YouTube and

0:19.2

you're watching this for the first time, hello. I'm not doing Whiteboard Wednesdays again but I am I mean I'm not saying I'm never

0:26.8

doing them again as far as video goes but I am going to be recording the podcast so here we

0:31.3

are got my little little setup going on. in the little

0:33.0

little setup going on

0:35.0

today I want to talk about you know speaking here's how here's how

0:38.0

here's how we'll kind of parlay this

0:40.0

people will often say I was asked in an interview the other day. They said how do you

0:43.8

combat lifestyle creep? And I said I don't like the question. What does that even

0:49.8

mean? What does lifestyle creep mean? We know it's a negative and we know people treat it that way,

0:54.0

but what does that even mean?

0:56.0

It's like, oh, well, oh man, lifestyle creep, it really just crept up on us.

1:00.0

Look at these expenses, they're all just kind of surprising us.

1:03.3

That just sounds to me like someone that is experiencing money misalignment, someone that is

1:10.8

recognizing there's some friction,

1:12.7

where their money is doing something

1:15.0

and what they care about is maybe not totally addressed.

1:18.0

So with the idea of lifestyle creep,

1:21.5

are we saying we don't want to ever improve something?

...

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