Scribd Logo

Language

Upload

Welcome to Scribd!

Enjoy millions of ebooks, audiobooks, magazines, and more, with a free trial

Only $11.99/month after trial. Cancel anytime.

You Need a Budget: The Proven System for Breaking the Paycheck-to-Paycheck Cycle, Getting Out of Debt, and Living the Life You Want
You Need a Budget: The Proven System for Breaking the Paycheck-to-Paycheck Cycle, Getting Out of Debt, and Living the Life You Want
You Need a Budget: The Proven System for Breaking the Paycheck-to-Paycheck Cycle, Getting Out of Debt, and Living the Life You Want
Audiobook4 hours

You Need a Budget: The Proven System for Breaking the Paycheck-to-Paycheck Cycle, Getting Out of Debt, and Living the Life You Want

Written by Jesse Mecham

Narrated by Jesse Mecham

4.5/5

()

Switch to ebook

About this audiobook

For most people, budgeting conjures up the same feelings as, say, prison and dieting. But your initial instinct couldn't be further from the truth. You just haven't budgeted the right way.

You Need A Budget will teach you four simple rules to completely revolutionize the way you think about managing your money. With a budget, you'll break the paycheck-to-paycheck cycle, get out of debt, and save more money. A liberating, enabling, empowering budget will actually make you feel more free, not more restricted. The YNAB philosophy is centered around these four rules:

  1. Give every dollar a job. Take your cash, checking, and saving accounts and assign jobs to that money. Begin now with what you have on hand. Then follow your plan. Pick your priorities, and make sure your dollars are helping you move closer to the things you care about most.
  2. Embrace your true expenses. Look ahead and identify the larger, less frequent expenses that tend to sneak up on you. Break those expenses into manageable monthly amounts. Consider insurance premiums, birthdays, holidays, charitable giving, car repairs, etc. This practice evens out your cash outflows, decreases your stress, and helps you make better decisions.
  3. Roll with the punches. Accept the fact that life always changes and you'll likely always go over budget somewhere. If an unexpected expense comes up and you need to change your budget, just change it. The YNAB philosophy not only tolerates changing your budget, but rather encourages it.
  4. Age your money. The goal of this rule is to increase the time between the moment you earn money, and the moment you spend that money. In other words, if you're going to break the paycheck-to-paycheck cycle, you need to learn to live on money you earned a month or two months or even three months ago.

YNAB's four rules are the pillars of a tried-and-true system that gets you to engage with your money every day. It helps you change your behavior so that you're proactive and in control of your finances. It's not about stressing over last month's statement; instead, you're looking ahead and actively deciding how you want-and need to build a life of meaning not stress.

Editor's Note

Get your finances on track…

You don’t have to be a mathematician to start a budget and get your finances on track. YNAB (that’s what true fans call it) teaches you four simple rules that will help you save money, spend wisely, and stop living paycheck to paycheck.

LanguageEnglish
PublisherHarperAudio
Release dateDec 26, 2017
ISBN9780062800831
You Need a Budget: The Proven System for Breaking the Paycheck-to-Paycheck Cycle, Getting Out of Debt, and Living the Life You Want

Gain key insights in 12 minutes with this Scribd Snapshot.

More about this title
Author

Jesse Mecham

Jesse Mecham founded YNAB in 2004 to help him and his new wife, Julie, watch their money. Studying for his master of accountancy at Brigham Young University at the time, he put his numbers wizardry to work to develop a system to track their expenses, and that became YNAB. He lives in Utah with his family.

Related to You Need a Budget

Related audiobooks

Related podcast episodes

Related articles

  • Article

    Feeling Financially Disorganized? Take Back Control, Starting with Your Cash Flow

    Aug 5, 2019

    When I begin to work with financial planning clients, one of the first things I do is take a look at their cash flow. Cash flow is made up of money coming into your accounts (in other words, your income) each month and money going out (which is made

    5 min read

  • Article

    Get Money Fit

    Apr 16, 2022

    Get Money Fit
    8 min read

  • Article

    A No-Resolution Plan for Better Finances in 2021

    Dec 30, 2020

    The new year is typically a powerful time to reflect on how you may want to shift things and/or make positive changes in your life. For some of you, that may mean eating healthier, working out, paying down debt or developing new financial habits. Not

    2 min read

  • Article

    Cash smart

    Nov 11, 2021

    Cash smart
    1 min read

  • Article

    How To Kakeibo Like You Mean It

    Jul 29, 2020

    The kakeibo will guide you to reflect on four key questions every month to support you through a process of saving and aligning your spending with your values. These four questions are: How much money do I have available? Start each month by journall

    1 min read

  • Article

    Create a Money Practice Schedule

    Dec 18, 2018

    Money Practice 5-10 minutes Save and track your expenses. Find a way to track your spending that feels good to you. Simply pausing and saying, “Yes, I’d like a receipt” at the register can bring a small breath of mindfulness to your money relationshi

    3 min read

  • Article

    It’s Not Always About How Much You Make

    Mar 20, 2021

    EVERYONE has their own money rule that they swear by. My one: “It’s not about how much you make; it’s about how much you keep and where you keep it.” Back in my corporate days, I was highly paid. It was probably a bribe to keep me in the job, as I ha

    3 min read

  • Article

    It’s Not Always About How Much You Make

    Mar 20, 2021

    EVERYONE has their own money rule that they swear by. My one: “It’s not about how much you make; it’s about how much you keep and where you keep it.” Back in my corporate days, I was highly paid. It was probably a bribe to keep me in the job, as I ha

    3 min read

  • Article

    It’s Not Always About How Much You Make

    Mar 20, 2021

    EVERYONE has their own money rule that they swear by. My one: “It’s not about how much you make; it’s about how much you keep and where you keep it.” Back in my corporate days, I was highly paid. It was probably a bribe to keep me in the job, as I ha

    3 min read