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The Jesse Mecham Show

Rule Two the In-Laws are Coming

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 28 January 2019

⏱️ 12 minutes

🧾️ Download transcript

Summary

How is a budget like a visit from the in-laws?



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Transcript

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0:00.0

Hello, Winebbers, my name is Jesse Meekham, this is podcast number 360 for Wineb, where we teach you

0:09.4

four rules to help you stop up from paycheck to paycheck, get out of debt and save more money.

0:14.8

If you recall, we are going back to the basics with these several episodes.

0:19.0

We've talked about your priorities, priorities, priorities, and how key they are.

0:23.0

You've got to make sure you're clear on your priorities.

0:25.0

Then we talked about giving every dollar a job, which is our first rule.

0:30.0

You must be giving every single one of your dollars a job. Those jobs are your priorities.

0:35.6

You need to be able to rank your priorities and decide what's most important and what you can

0:39.8

let slide. Now, we used the analogy of the afternoon where you had three hours to

0:45.3

spend and you realize that you also wanted to read a novel so you kind of

0:48.8

juggled but it was up to you to essentially decide how to spend those three hours as they were fought over between

0:55.4

your competing priorities of food prep, weeding the garden, and running and then

1:00.2

having that sneaky little one come in where you wanted to read a novel that your friend

1:03.5

had recommended. Now, sometimes in order to accomplish something, an hour or even three hours,

1:09.5

simply isn't enough. Sometimes you leave so many hours until the very last minute and you've been there.

1:18.8

Your parents and your teachers perhaps told you not to procrastinate.

1:22.4

I know I've mentioned that once or twice to my

1:24.7

oldest, but he still does and we still do. Imagine, imagine you're getting ready for a visit

1:31.6

from your in-laws and the house needs to be cleaned,

1:35.9

but you've left it all for the day before.

1:38.7

So you spend all day doing it.

1:41.6

You know, you're having to scramble, you don't have time for anything else and you

...

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