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
Goals Are Awesome
Merry Christmas from YNAB
Invest In Preparedness, Not Prediction
A Quote from F.W. Boreham
Ask Jesse: Selling a Rental Property, Buying a Car, and Pausing Retirement to Save?
Giving the Old Bird to Money
It Has Nothing, and Everything, to Do with Spending
You Didn't Quit. To Every Season...
Building Habits: Four of Them, Actually
BONUS: Goodbye Mint, Hello YNAB
Joy Is a Three
It's You All the Way Down
Ask Jesse: Airlines are Banks, Better Money Habits, and Fast Talking
Ask Jesse: Credit Card Rebels, Banks, and Emergency Funds
Guilty on All Counts
Shift Your Spending Into High Gear
Ask Jesse: ...And Done!
Ask Jesse: We're Getting There People!
Ask Jesse: Still Catching Up
Ask Jesse: Catching Up
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