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The YNAB Podcast

Money Gets Out of the Way

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

🗓️ 23 September 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

When you practice the four habits of YNAB, money just gets out of the way. In today's episode, Jesse reflects on his thought process about paying for kids' college. Where he used to be against it, now that he has kids in college, he is helping them pay for it. As he has talked about on the podcast many times, his thoughts and opinions change over the time; the podcast is a sort of audio journal documenting these changes. But the real win here is that because Jesse and his wife put money aside for their kids, they were able to make this decision without worrying about money. The money was not a deciding factor, leaving them free to decide whether helping their kids with college was the best decision for them. And that is freeing!

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello, whinabbers my name is Jesse Meekham with another episode of the

0:08.0

whinab podcast and I am here each week to obsess a lot about spending

0:11.0

purposefully saving, aspirationallyally saving is just future

0:14.4

spending people and giving joyfully giving is just spending I think I'm

0:19.0

just gonna keep repeating that just gonna keep repeating. I have here wrestling paper notes topic that I want to

0:27.4

cover. One is you almost remember that I'm just trying to figure things out as well and so I talk about figuring things out as I attempt to

0:40.0

You also know that I'm a totally cool changing my mind and

0:45.0

Payne for college for kids that's the one where we were recently interviewing someone and they had read my book and they were like so you're not

0:52.8

helping your kid with college and I think I wrote that part of the book eight

0:56.9

years ago when my now college attending child was 12 or something like that and that I am I am helping so there's

1:08.0

that's just my little confession it's hard to figure out what to do with money with kids. I mean now I'm not talking about trust funds

1:16.2

I'm just talking about just kind of the normal stuff. Do you know do they pay for their own gas?

1:20.8

Car insurance a car,

1:24.0

do you get him a beater?

1:25.2

You know, I don't know.

1:27.0

Anyway, so everyone's kind of figuring that out.

1:28.5

And I think if we all just kind of looked at each other

1:30.1

as parents and just kind of nodded like,

1:31.8

hey, you trying to figure this out too?

1:34.1

That that would be useful.

1:35.2

And so you can listen to me, figure things out live.

1:39.2

But I want to share something with you.

...

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