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
Throw Away Your To-Do List: Tanya Dalton On Purpose
The Spectrum of Wealth
Your Cash Is Your Strategy (Rebroadcast from Beginning Balance)
Once Again, The Holidays are Upon Us
The Montblanc Effect
From the YNAB Mailbag: When Should I Invest in the Stock Market?
Tik Tok for Financial Advice? YNAB's Got That Covered
Should You Invest in Crypto?
How the World's Greatest Investors Win in Markets and Life
Investing 101, Pt 2: How to Get Started
Building Passive Income through Real Estate with Dustin Heiner
Investing 101 with Matthew: Terms You Need to Know
You Might Be a Budget Nerd If...
Financial Order of Operations
The Financial Pressures of The Sandwich Generation with Jennifer Owens
Behind the Scenes: A Random Chat with the YNAB Team
How to Talk to Your Kids About Money with Anne-Lyse Wealth
Behind the Scenes: Personal Finance Tips from the YNAB Team
Back to School, Back to Budgeting
Behind the Scenes: The YNAB Team Shares Their Very Best Budgeting Advice
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