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The Jesse Mecham Show

The Ideal Budget

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.71.1K Ratings

🗓️ 24 June 2019

⏱️ 5 minutes

🧾️ Download transcript

Summary

Data and the ideal budget.

 

 

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello, Winebers. My name is Jesse Meekham and this is podcast number 381 for Wineb,

0:08.0

where we teach you four rules to help you stop living paycheck to paycheck, get out of debt and save more money. What is the ideal budget?

0:17.7

Think to yourself, what would the ideal budget look like? What, how much is spent on housing? How much is spent on housing how much is spent on clothing how much is

0:25.4

spent on entertainment and frivolity how much is spent on needs. We are often asked to share data by users. We would never

0:40.1

share data with anyone but users. I've ever mentioned that before on the

0:47.0

part we would never we don't sell data we would never sell your data we make

0:50.0

money the only way we make money is that you guys pay us for software and that way

0:56.2

when you pay us you know I'm paying wineab here's my money there it goes I'm not becoming a data product, I'm not becoming an

1:05.9

advertising target, this is just me transacting very clearly, out in the open.

1:12.4

Here's my money, give me the software that is how we make our

1:15.9

money we teach for free keep the lights on with the software we do not sell your

1:22.1

data no one's asked me recently if we do. I just came up because of the whole what I just mentioned about data sharing.

1:30.0

I would love at some point to have Wienappers be able to compare against anonymous data and say,

1:37.0

you know, hey, how am I stacking up and determine that and maybe find motivation?

1:42.0

And although it's a slippery slope because it can also mean that you are beating yourself up

1:47.2

over something that you shouldn't.

1:49.3

So it's a two-edged sword.

1:51.1

It's a little bit of like a keeping up with the Jones's with an idealistic flavor,

1:56.2

and I think even that could potentially get out of hand.

1:59.9

I'll have to say, if you could find out the ideal budget maybe that'd be pretty

2:04.8

interesting but I think it would be worthless because I don't know there is no

2:10.4

ideal that would be like me telling you the, you know, the ideal parent does this.

...

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