Ernie is running solo today, and sharing some recent developments in his financial life that have made him rethink his budget entirely. YNAB'ers are creatures of habit, and many of us enjoy the budgets we have created and honed over the years as neat pieces of work in themselves. But as Jesse has said over and over on the podcast, the budget really exists to serve your needs and help you prioritize your spending in accordance with your values. Life is dynamic, and sometimes those needs change!
That means the budget needs to change with your life. Ernie shares how he blew up his budget and started over after a series of home renovation projects and medical bills started taxing his existing category balances. Money stress started building -- even veteran YNAB'ers are not immune to it! -- and he realized the budget was no longer serving his needs. That's the takeaway: don't be too precious with the budget you've created, even if it has served you well for a long time. And understand that money stress happens to everyone, and that's OK!
Got a question for Jesse? Send him an email:
askjesse@ynab.com
Follow Ben and Ernie on the Budget Nerds Podcast
Apple: https://podcasts.apple.com/us/podcast/budget-nerds/id1606054345
Spotify: https://open.spotify.com/show/0H1u8pqYrvz6zj6noHbkB3?si=fc181a82b8d540a6
Sign up for a free 34-day trial of YNAB at www.youneedabudget.com
Introducing Beginning Balance: A Show About Small Business
Get Your S*** Together: End of Life Planning with Chanel Reynolds
Rebroadcast -- Work Party: Take Control of Your Finances and Cultivate Confidence Around Money with Jesse Mecham
Meet the Woman Who Paid Off $490k in Debt: Sami Womack
Identity Crisis? How About Identity Shift with Anthony Trucks
Installment Plans and Future You
EP07 Money Stories: Student Debt? No Problem. Staying Positive During Debt Paydown with Abbie Shepherd
Taking Action on Your Ideas with Noah Kagan
YNAB and the Vocabulary of Finance
YNAB Features You Didn't Know Existed
Budgeting for a Baby with Chelsea Brennan (Smart Money Mamas)
YNAB and Privacy
Set Boundaries, Get More Done with Jeff Sanders (5AM Miracle Podcast)
EP06 Money Stories: How YNAB Saved Erika from Drowning In Debt
Own the Muddy Parts of Your Story with Mary Marantz
Student Loans Are Frozen, But You Are Not
How Does She Do It? Managing Time in a Busy Life | Laura Vanderkam & Sarah Hart-Unger
How to Go From Two Incomes to One
What Does College Really Cost? Ron Lieber Explains
How to Time a Home Purchase
Create your
podcast in
minutes
It is Free
We Study Billionaires - The Investor’s Podcast Network
Money Girl
So Money with Farnoosh Torabi
Money Tree Investing
The Disciplined Investor