356: Four Rules to Get Control of Your Money, with Jesse Mecham

356: Four Rules to Get Control of Your Money, with Jesse Mecham

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Jesse Mecham: You Need a Budget

Jesse Mecham is the CEO and Founder of You Need A Budget* (YNAB). He’s on a mission to help people stop living paycheck to paycheck, get out of debt, and save more money. He recently released his book by the same name, You Need a Budget*, a Wall Street Journal Bestseller.

Key Points

• Be as vigilant with your money as you are with your time.

• Constraints allow us to be creative. When your options are endless, you’re frozen.

• Most people’s monthly budgets underestimate actual long-term expenses.

• Your emergency fund should be for more than just things you forgot to plan for.

• Budgeting is about looking forward and actively adjusting.

The Four Rules for Budgeting:

1. Give Every Dollar a Job

2. Embrace Your True Expense

3. Roll With the Punches

4. Age Your Money

Bonus Audio

Handling allowances with your kids

Resources Mentioned

You Need A Budget • * ( YNAB • )

A Beautiful Constraint • * by Adam Morgan and Mark Barden*

The Opposite of Spoiled • * by Ron Lieber

Book Notes

Download my highlights from You Need A Budget in PDF format (free membership required).

Related Episodes

How to Transform Your Limitations Into Advantages, with Mark Barden • (episode 207)

How to Manage Your Money, with Jill Schlesinger • (episode 322)

Six Tactics to Achieve Extraordinary Performance, with Morten Hansen • (episode 337)

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