You Need A Budget (ynab)

Talking about money isn't easy for adults, so it's no surprise that many adults struggle with how to talk about money with their kids. Stephanie Anne-Lyse Wealth, or just Anne-Lyse as she goes by in her publications, has some ideas for introducing children to the concept of money, saving, investments, and debt.   Anne-Lyse is the author of Dream of Legacy, a book about building not just individual wealth but generational wealth. She also hosts The Dreamers Podcast where she interviews successful entrepreneurs about their journey building businesses and wealth. You can find these resources and more at: https://dreamoflegacy.com     Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

In today's installment of Behind the Scenes, YNAB team members share their insights about personal finance, whether it's overcoming the fear and confusion of investing, learning to push yourself to achieve things you never thought you could, or better understanding our conditioning around money and success.   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

It's that time of the year again, when summer is winding down and children are starting the new school year. As seasons go, starting the new school year is a time of new schedules and new challenges. It's also a great time to rethink the budget, or simply get back in touch with the budget.   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Today Jesse asks the team at YNAB to share their top pieces of advice for new YNAB users... besides, you know, that you need a budget.   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Life hacker, optimizer, product director at Wealthfront... he wears many hats, but his passion is the same -- upgrading life without spending a fortune! In today's episode, Jesse chats with Chris Hutchins, who shares a handful of his seemingly endless number of life hacks. Whether it's saving money on travel, getting a few more dollars out of your car lease, or negotiating for coupons, Chris has a hack for just about everything.   You can follow Chris and learn many more hacks on his podcast, All the Hacks: https://www.allthehacks.com     Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

In today's installment of Behind the Scenes, Jesse asks employees why they applied for a position at YNAB, what the interview process is like, and whether the company has lived up to its reputation as the best small business place to work at (no, really, that's what Fortune said, for the second year running!). YNAB gets a lot of applications, and the hiring process is fiercely competitive, but those who have made it share their thoughts and experiences.   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

In today's Money Story, Jesse chats with a YNAB employee, the gifted artist and animator Tristan Henry-Wilson, whose work YNAB users may have seen on the YNAB website and the YNAB Youtube channel, among others. Tristan may be an exceptionally talented artist, but he didn't come into his art career easily. After receiving some unexpected financial aid, he attended Ringling College of Art and Design and earned a degree in illustration.   Tristan had a difficult time landing paying gigs in the art world, and began working a long series of odd jobs to pay rent, eat food, and, most importantly, make payments on his $80k of student loads, which a family friend had co-signed for him. After years of grinding, building his portfolio, learning how to interview, and networking into better jobs, Tristan found salaried work in New York City, and was finally able to throw serious money at his debt. At this point, the balance had grown to about $150k, but he was undeterred. With each pay increase, Tristan put more money int

Experienced YNAB'ers understand that budgeting is an active, ongoing process that requires frequently engagement with your budget. Ideally, both partners in a relationship are fully engaged in the budget, but the budgeting process can take many forms. In today's Behind the Scenes episode, Jesse chats with YNAB employees about budgeting with a partner, and the many ways couples learn to navigate the routine.   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Award winning author and personal finance journalist Cameron Huddleston joins the show to discuss the uncomfortable realities of managing parents' finances through end of life care and after their death. From wills, power of attorney documents, to simply knowing where your parents have all their bank accounts, Cameron offers some practical advice on what things you need to look out for when helping your older family members manage their finances.   Of course, personal finance is a, well, personal thing for many people, and parents may be reluctant to share the details of their money. Cameron offers some tips for breaking the ice on money conversations, and how to approach parents and loved ones respectfully.   You can find more about Cameron Huddleston and her book, Mom and Dad, We Need to Talk, at her website: https://cameronhuddleston.com   Carefull app: https://www.getcarefull.com/  

Jesse interviewed every employee at YNAB, asking them about a wide range of topics -- how they heard about YNAB, what they are working on in their roles, and their money struggles and successes. In today's Behind the Scenes episode, YNAB insiders answer the question: what's the budget doing for you lately?   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Travis Hornsby is passionate about student debt, especially helping people with lots of it find smart, effective pathways to pay it off. After a career as a bond trader, he turned his attention to building a service to help college graduates with large student debt loads navigate their way through the maze of repayment options, forgiveness programs, and tax complications that come with student loans. Travis and his company, Student Loan Planner, have consulted with thousands of students on over $1.4 billion of student debt, helping them create a repayment plan that takes full advantage of all the programs out there.   You can learn more about Travis and his work at The Student Loan Planner website. He also hosts a podcast by the same name: https://www.studentloanplanner.com https://podcasts.apple.com/us/podcast/student-loan-planner/id1446453497?mt=2&ls=1  

Jesse interviewed every employee at YNAB, asking them about a wide range of topics -- how they heard about YNAB, what they are working on in their roles, and their money struggles and successes. Today, you'll hear from a selection of YNAB employees discussing their debt struggles, how they came into debt, and how they have used the Four Rules to pay it off.   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Jesse invites the author behind one of his favorite books, Atomic Habits, to join the podcast and talk about what he learned about setting good habits, breaking bad ones, and developing environments and systems conducive to productive habits. As James says, the things you do and accomplish in life are essentially lagged indicators of your habits. So building good habits slowly, methodically, and thoughtfully can result in big rewards down the road.   James Clear https://jamesclear.com   Atomic Habits: Tiny Changes, Remarkable Results https://jamesclear.com/atomic-habits     Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

Are you a college student, or about to go to college? It's an exciting time of your life, but it can also be a very expensive time of your life too. It's possible to keep your spending under control, and have a lot of fun, but you're going to need a budget.   College students -- you can get a whole FREE YEAR of YNAB here. Sign up, take some of the free classes, and give yourself the gift of learning how to budget and take control of your financial life. https://www.youneedabudget.com/college/

Artist and tax professional Hannah Cole has a burning passion -- seeing art get made. And one thing she hates to see is artists being held back by money problems. After establishing herself as an artist in exhibitions in New York City, Hannah landed a job working for a design agency. There she learned she had a talent for communicating with both the creatives and management, helping each side understand deadlines, budgets, and resources needed to complete projects. Hannah went on to become a tax professional and open a tax service specializing in helping artists, creatives, and freelancers.   In addition to a full suite of tax services, Hannah's company offers money workshops to explain business, finance, and tax terms in clear language and help freelancers develop strategies for managing their money. She has also created a free, colorful guide for understanding how tax deductions work. You can find out more about Hannah, her company, and resources on their website: https://www.sunlighttax.com   Free tax dedu

Veteran YNAB'ers have a saying for what happens when you follow the four rules, budget, and have no money left over. They call it being "YNAB broke," and it's a badge of honor!   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com

EDITOR'S NOTE: At 28:15 David states that generally you cannot take out money from a ROTH to pay for college without paying a penalty. David later pointed out, however, that you may take out up to $10k without penalty to pay for qualifying higher education expenses.   David Stackpole, wealth manager and Certified Financial Analyst (among other titles), joins the podcast to discuss his strategy for paying for the ever-growing cost of college. David points out that college tuition has increased nearly 1,400% since the 1970's, which amounts to a 6.4% annual inflation rate. With costs rising so dramatically and so steadily, many parents find it difficult to save enough for their children's college education. David has a unique strategy for dealing with this problem, however.   David recently published a paper outlining his approach in the University of Louisville's Journal of Student Financial Aid, which you can find here:  https://ir.library.louisville.edu/cgi/viewcontent.cgi?article=1701&context=jsfa

In today's money story, Carol Kissinger tells her story of discovering YNAB after moving from America to Berlin. She had never been good with money, was indebted to her parents for years, and frequently argued with her husband about money. Moving to Berlin put new stress on her bank account, until she discovered YNAB. The Four Rules helped her put a simple framework around money and clarify what it was she was spending on.   As it turns out, impulse purchasing was a recurring theme in Carol's budget. She and her husband would see money in the bank account after pay day and start buying things... without first reserving money for rent, utilities, and the various unplanned expenses that inevitably come up during the year. With an ADHD diagnosis, Carol found it particularly difficult to stop impulse purchasing without having a solid plan of what to do with her money after pay day. YNAB provided a framework for her to budget her dollars and give them jobs before they got spent. She found initially she had to "rol

Personal finance journalist, news anchor, Certified Financial Planner, and now author, Bobbi Rebell explains what it means to be a "financial grownup." The essential part of being grown-up with your finances is realizing that it's no one else's responsibility to make a budget, put money in your retirement account, or educate yourself about financial terms and concepts. It's all up to you! Luckily, there is a wealth of easily accessible information that you can learn from, including Bobbi's own podcast.   You can find out more about Bobbi, her new book "How to Be a Financial Grownup, her podcast, and her "Grownup Gear" on her website: https://www.bobbirebell.com

After receiving shocking financial news that credit card spending in 2021 is up over 20% compared to 2019, Jesse asks the question: are you still budgeting out there?   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com