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The Jesse Mecham Show

Shift Your Spending Into High Gear

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 25 September 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

If you think about it, there's only one thing that money can do -- be spent! The use of money is, ultimately, the spending of money. Even if you give money away, it's given to others so that they may spend it. Or if you save money, that money is being saved (and perhaps invested in hopes of getting more money in the future) so that it can be spent in the future. But it's all spending at the end of the day. In today's episode, Jesse paints a picture of spending with a budget a mind, spending with clarity (because you are in tune with what you want your money to do), and perhaps most importantly, spending guilt-free.

 

Budgeting is really about spending money, and spending it without remorse or guilt... maybe even spending with joy?

 

Got a question for Jesse? Send him an email:

askjesse@ynab.com

 

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello Wineappers, my name is Jesse Mekum with another episode of the Wineapp Podcast where

0:09.2

we teach you four rules to help you stop if you paycheck to paycheck, get out of debt,

0:13.3

and save more money.

0:14.4

And dare I say it, spend more money.

0:17.4

I said it.

0:19.4

If, you know, lest we think that we make all this money just to hoard it, that is certainly

0:27.0

not the case, or it shouldn't be the case.

0:29.0

But I come to you today with a plea, that not a plea, a hard-to-heart discussion.

0:38.6

As you begin to become more intentional about your money, money can only really ever do

0:48.0

one thing, and that is to be used.

0:51.4

And then you might say, Jesse, that's a cheap shot, that's cheating.

0:54.9

Just allows us to define used in 17 different ways, and then it's really not what, you know,

1:01.1

the one thing money does, it does those 17 things, and I would say perhaps you're right.

1:05.7

But money can only be given away, which is just another, I mean, just used, or it can

1:15.1

be not given away, not used for some time until it is used.

1:23.4

And we sometimes call that using spending, or we'll call it giving, or we'll call it investing,

1:31.2

or we'll call it saving.

1:33.6

But in saving is just deferring the spending, and investing is spending on something where

1:41.4

you hope you get a return, not on what you've spent.

1:44.1

You hope you get back more than you spent.

1:47.6

And giving is just really a form of spending.

1:50.2

You're buying, I don't know, good feelings.

...

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