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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

Written by Jesse Mecham

Narrated by Jesse Mecham


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

ratings:
4.5/5 (293 ratings)
Length:
4 hours
Publisher:
Released:
Dec 26, 2017
ISBN:
9780062800831
Format:
Audiobook

Also available as...

EbookSnapshot

Also available as...

EbookSnapshot

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.

Description

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.

Publisher:
Released:
Dec 26, 2017
ISBN:
9780062800831
Format:
Audiobook

Also available as...

EbookSnapshot

About the author

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.



Reviews

What people think about You Need a Budget

4.6
293 ratings / 25 Reviews
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Critic reviews

  • 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.

    Scribd Editors
  • As you stare at your credit card statement in horror at how much you spent on holiday gifts, rest assured that it will be OK, especially if you start budgeting now. Mecham's You Need a Budget philosophy and advice has helped thousands of people spend better over the years.

    Scribd Editors

Reader reviews

  • (4/5)
    An enlightening and interesting way to go about your personal finances. I just picked this up because it was the new years and it sounded like a good idea and I was very impressed. I had not been aware of Jesse Mecham, the founder of YNAB and the finance platform that went with it, but after I read this I joined a few Facebook groups so I could keep up on this. I haven't invested in the software yet, but I am definitely tempted. This plan sounds a lot more doable then a lot of other budget plans I've read. I'd describe it but I don't want to butcher it. Just check it out! It seems easy to use and follow and has great results!
  • (5/5)
    Great book. Easy to follow. Great examples. Great job guys.
  • (5/5)
    Motivating and simple but effective steps to follow. I will get the app and become a member and will update my review after 2-3 months.
  • (5/5)
    I can't get enough of YNAB! highly recommend this book
  • (4/5)
    It's a good book, but I had to relisten to a few chapters. Couldn't find the spreadsheet that was mentioned in the first few chapters that's to go with the book.
  • (5/5)
    nice clear ... a must have ...love it great job