Money Stress

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.7 • 1.1K Ratings

🗓️ 7 August 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ernie is running solo today, and sharing some recent developments in his financial life that have made him rethink his budget entirely. YNAB'ers are creatures of habit, and many of us enjoy the budgets we have created and honed over the years as neat pieces of work in themselves. But as Jesse has said over and over on the podcast, the budget really exists to serve your needs and help you prioritize your spending in accordance with your values. Life is dynamic, and sometimes those needs change!

That means the budget needs to change with your life. Ernie shares how he blew up his budget and started over after a series of home renovation projects and medical bills started taxing his existing category balances. Money stress started building -- even veteran YNAB'ers are not immune to it! -- and he realized the budget was no longer serving his needs. That's the takeaway: don't be too precious with the budget you've created, even if it has served you well for a long time. And understand that money stress happens to everyone, and that's OK!

Got a question for Jesse? Send him an email:

askjesse@ynab.com

Follow Ben and Ernie on the Budget Nerds Podcast

Apple: https://podcasts.apple.com/us/podcast/budget-nerds/id1606054345

Spotify: https://open.spotify.com/show/0H1u8pqYrvz6zj6noHbkB3?si=fc181a82b8d540a6

Transcript

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0:00.0	Hello, Weinabbers.
0:06.9	My name is Ernie with another episode of the Weinab Podcast where we teach you four rules
0:10.9	to help you stop living paycheck to paycheck.
0:13.8	Get out of debt and save more money.
0:18.4	Today friends, I'm going to be talking about money stress.
0:23.7	What do you do when you're looking at the budget and you feel nothing but stress and
0:30.0	anxiety?
0:31.0	We don't talk about this a whole lot around Weinab and when we do talk about it, generally
0:38.4	we're talking about it pre-budget, pre-wineab.
0:44.5	So here's how I was managing my money.
0:47.3	I had this stress.
0:49.1	I found Weinab and that stress went away.
0:52.8	And I remember that was the case for me.
0:57.0	But a lot of times we don't talk about what does the stress actually look like?
1:03.7	How do you deal with it when you're using Weinab and you got rid of the money stress?
1:10.5	But now it's starting to creep back in a little bit.
1:15.0	This is something that I've been living through this past summer.
1:18.8	My wife and I, we've been continuing to do these various projects around the house.
1:24.0	We moved in about two and a half years ago and we've been spending a lot of money.
1:29.5	And I've been watching that balance go down and down and down.
1:35.5	And when I think, oh, that's it.
1:37.3	No more spending, right?
	...

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