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The YNAB Podcast

Spendfulness Isn't... Spendfulness Is

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

🗓️ 17 February 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

Spendfulness is the new word in town, but don't be fooled! It's not just a portmanteau of "spending" and "mindfulness." Spendfulness isn't spending on the "right" or "correct" things. It doesn't mean spending on health or self-improvement, or even treating yourself. Although it certainly could include these things, limiting the definition to them is too small. Paying your electric bill is spendfulness, just like paying for a day at a health spa or a membership to a yoga studio.

 

Spendfulness is that feeling of never having to second guess about your money, or being able to replace a water heater (or two!) on a moment's notice with no impact to your bank account. It's resilience, it's spending with joy, it's all of these things.

 

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Transcript

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0:00.0

Hello, Winehabers. My name is Jesse Meekam with another episode of the Winead podcast,

0:09.0

and I'm here each week to obsess out loud about spending purposefully, saving aspirationally,

0:13.7

and giving joyfully at all comes down to just giving every single one of those beautiful

0:17.2

little dollars a job. As you know, we introduced a new word.

0:21.9

That word is spendful, spendfulness, spend ulocity.

0:24.6

Just kidding.

0:25.5

Love that part in Wicked though,

0:26.6

where they changed the word slightly.

0:29.4

If you haven't seen it, highly recommend it.

0:32.8

What isn't spendful?

0:33.9

Let's say that first.

0:36.3

Now, one might quickly say spendfulness is mindful spending. After all,

0:42.2

it might be a combination of the word mindful and spending. Spentful. And that would be okay.

0:49.1

That would be actually quite good. Spentfulness is the absence, the elimination, the eradication of that pernicious, nasty

0:56.3

little always on never stopping, second guessing, that sits on your left shoulder, not where the

1:02.5

angel sits, but where the other guy sits, causing all kinds of havoc, where you spend all this

1:08.4

time earning money and then you second guess yourself into shame,

1:12.8

stress, guilt, nagging, fights with the partner, whatever it may be.

1:18.5

It's all second guessing.

1:21.1

And when you don't second guess, you are confident, you are content, you are thoughtful, insightful, insightful intentional and spendful so spendfulness is

1:33.1

nothing more nothing less than not second-guessing but I'll tell you a few more

1:38.2

things that it also isn't just in case you perhaps slide into that little trap because we think of spendfulness sometimes as a mindful

...

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