These 5 Simple Questions Beat Your Spreadsheet
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 17 July 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
For some reason when the topic of money comes up, many people immediately want to jump into Excel and start exercising the so-called rational part of their brain. Money seems to demand sober, quantitative analysis, devoid of emotion which obfuscates the mathematical truth of the situation. Yet we rarely make decisions in a purely rational manner; emotion plays a large, if not bigger role, than rational thinking in how we choose to act. And if there's anything you've learned hanging around YNAB, it's that money is really just you -- it's a medium for translating your energy and effort in the world into things and experiences.
That's why YNAB came up with five questions, to help you make better decisions with your money while considering your whole self -- both your emotional needs and a rational analysis of your financial situation.
In today's episode Jesse shares the example of a conversation with a self-described highly rational friend, talking about whom he was going to marry. The conversation highlights how the biggest decisions often don't come down to rational analysis alone. Working the five questions, however, you end up at a reasonable place, considering your whole self, both rational and emotional. In a word, we call it spendfulness.
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Transcript
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| 0:00.0 | Hello, my name is Jesse Meekam with another episode of the Jesse Meekam show, and I'm here each week to obsess out loud about spending purposefully, saving aspirationally and giving joyfully. |
| 0:22.1 | It all comes down to just giving every single one of those precious little dollars a job. |
| 0:27.4 | Today I want to talk just briefly about an excellent book. |
| 0:31.3 | Well, one chapter of an excellent book. |
| 0:32.7 | The excellent book is The Psychology of Money by Morgan Housel. |
| 0:36.5 | And, well, I'll just say it again. |
| 0:38.8 | It is excellent. |
| 0:39.9 | There is a chapter in there about reasonable and rational. |
| 0:44.7 | And I wanted to kind of view that chapter through the lens of spendfulness. |
| 0:50.2 | One time, a while ago, this is not necessarily money related, but we'll tie it in. |
| 0:54.3 | I was chatting with a friend, and we were talking about how we make decisions. |
| 0:58.6 | And this friend likes to see himself as, sees himself as very rational, very numbers focus. |
| 1:06.4 | We're going to look for efficiency. |
| 1:08.2 | We're kind of going to approach it like an engineer. |
| 1:11.8 | We're just going to, |
| 1:16.4 | that's just how we view the world. Numbers, efficiency, math, everything adds up. The equation balances. We're good to go. And I had asked him how he approached the massive decision of deciding |
| 1:25.9 | who to marry, his lovely wife. we were both thinking of at that same time |
| 1:29.4 | and it was interesting to see the conversation shift where now there i know there will be some |
| 1:37.3 | engineers out there's some engineers out there that are like well now hold on a second jesse you |
| 1:42.1 | didn't see my spreadsheet that helped me determine |
| 1:44.2 | that this was the girl of my dreams. |
| 1:47.4 | Fair. |
... |
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