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Budget for Your Goals Jesse Mecham

The Easy and Effective Way to Budget for Your Goals with Jesse Mecham


Do you wince when you hear the word budget? It’s about as painful as the words diet or jail, but if you don’t budget for your goals now, you will never be able to enjoy life to the fullest and neither will your family. The majority of families are living paycheck to paycheck. Minor emergencies quickly send most people into debt. It’s no wonder that money issues are the number one cause of divorce.

Jesse Mecham is our guest today. He is the founder of YNAB (You Need a Budget) and is here to share his no-nonsense takeaways that will help you effortlessly budget money for everything you need and want in life. This show will outline the easy and effective way to budget for your goals so that you can live with less stress and make the most of the money your work so hard for.

You can call (a budget) whatever you want. But at the end of the day, you’re just saying 'what do I want my money to do for me?'—Jesse Mecham, founder of @ynab #finance #familyfinance #savings #debt #debtfree #money Click To Tweet

'I wanted to be a little bit in people’s face about the fact that they need a budget.'—Jesse Mecham, founder of @YNAB #budget #dads #fathers #men #family Click To Tweet

Jesse Mecham

Jesse has been married for fifteen years and has six kids! That’s right, three boys and three girls. With this size of a family, it’s no surprise he is passionate about budgeting.

Back when Jesse was still in school before finishing his masters in accounting, he and his wife Julie struggled to get by. What gave them their solid foundation and a good trajectory was that they knew their non-negotiables. Julie’s was to stay at home and raise her children. Jesse’s was to never, ever borrow money.

Jesse knew that in order to finish school without borrowing any money, he’d need an extra $350 a month to cover expenses. This vision didn’t change for a while, but these first steps to helping people budget were the beginnings of what YNAB is today.

'Once we transform our effort and time into currency, we don’t give it the attention it deserves.'—Jesse Mecham, founder of @YNAB #business #finance #work #money #savings #budget Click To Tweet

What You’ll Learn

  • The ‘YNAB’ budgeting methodology
  • What it means to ‘give every dollar a job’
  • How to discover what your true expenses are
  • How to be proactive instead of reactive about money
  • How a following a budget reduces stress and benefits your health, work, and relationships
  • Why not having enough money is almost never an income issue
  • The wrong ways couples go about money
  • How to deal with a spouse who is resistant to a budget
  • Why checking your bank balance is a poor source of information on your financial situation
  • YNABs revolutionary budgeting app
  • How the YNAB app relieves dads from being the bad guy who always have to say ‘no’ to spending
  • How budgeting can end up being fun
  • The huge monetary rewards of budgeting
  • What’s next for YNAB
  • Jesse’s dadly advice as the father of six kids!

YNAB. You Need a Budget

Get a FREE 34 Day Trial at YNAB.com/dads


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Jesse Mecham’s Links

YNAB.com

Facebook

Twitter

Instagram

Amazon


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Money Mindset

Changing Your Money Mindset

What does the word ‘budget’ bring to mind? It’s about as fun as the word ‘diet.’ We think of sacrifice. We think of depriving ourselves. We think of boredom. But what if you could change your money mindset so that living on a budget is something that you and your family can be passionate about?

It’s possible, and in this episode of Thursday Throwdown, we have one of our Dad Edge Alliance members on to tell us how he paid off a huge debt and how he and his family have changed their money mindset so that they enjoy budgeting for their financial goals together.

How to rethink a budget so that it’s not about what you can’t have, but what you will gain. #dads #men #fathers #finance #familygoals Click To Tweet

 


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If you’re enjoying the show, we encourage you to leave an itunes review.
We read reviews on the show every week. The next one might be yours!


THE DAD EDGE SUMMIT 2018

JUNE 7TH – 9TH – ST. LOUIS

Are you an extraordinary father looking to accelerate in all aspects of your life?
Are you looking to connect to like-minded Dads that want to come together to strengthen and grow in their abilities both personally and professionally?
The Dad Edge 2018 Summit (Live Event) will set you up to do exactly that.

LEARN MORE


 Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance

family financial success

6 Ways to Set-up Your Family for Financial Success

Talking about money with your spouse is always tricky. This is why we avoid it at all costs, but that only leads to more tension because spending issues go unresolved. But, when we come together with our spouses about finances, it’s a beautiful thing. We have more intimacy in the relationship and we are happier when we succeed in reaching financial and family goals together.

Today I’m going to highlight a discussion we had in the Dad Edge Alliance with financial guru and Your Income, Your Life author Jeff Bouwman, and share six ways we can have peaceful conversations about money, lifestyle, and spending habits.

1. Carry Cash

In our society, it seems crazy to carry cash, but you can reduce your spending by 12-20% by using cash for coffee, restaurants, or groceries. These little items you buy when you’re out and about sum up to the second largest expense to the house payment. If you pay for these items in cash you spend less because you question the purchase before you make it, and you won’t buy it unless you have the money in your wallet.

2. Create a Yearly Family Plan

Once a year, gather your family, sit down, and start talking about the things you want to do in the coming year. Create an annual goal for vacations and experiences. Estimate the cost for each one and prioritize it. Agree to save the money needed each month to fund each goal.

3. Talk to Your Spouse Like This

When you approach your spouse about spending, don’t put the spotlight on her. Recognize that the only spending behaviors you want to focus on are your own. We identify our own bad habits first and how we can change them. Then she will probably offer to find where she can improve as well.

4. Recognize Value

Although you are trying to save money, don’t scrimp on the things that are important to you. Spending money on things like filtered water, exercise equipment, gym memberships, or organic food is costly, but nothing is more important than your health and wellbeing. Investing in quality items intelligently will avoid costs in the decades to come.

5. Talk About Spending Before It has to Happen, and Not After

If appliances or electronics seem like they’re on their way out, prepare for it. Talk about the fact that you’re going to need to save money to replace them.

6. Look at Budget as a Forecast

Usually people don’t view a budget as a good thing. It’s important to be open and reward yourself. Spend some money that you saved and enjoy it once in a while.

 

RELATED EPISODES:

How to Pay Off Debt and Create Financial Security for Your Family with Jeff Bouwman

Porn – Why We Watch It, When It’s a Problem, and How to Stop with Nell Daly

How to Commit to Life Goals the Navy SEAL Way with Thom Shea


Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance

chores and allowance

Chores and Allowance: How to Teach Kids Money Management

In a recent Good Dad Project episode with Jim Sheils, we talked about how kids aren’t taught how to manage money in school. It’s up to parents to make sure our children know what it means to work for a living and how to manage the money they earn.

I was against giving allowance until about thirty days ago. In this episode I share why I decided to give my kids an allowance for chores and how it changed the way our whole family thinks about money.


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RESOURCES

Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Check out our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Check out a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Check out this free resource on:  CONNECTION WITH YOUR KIDS

Links