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Life Kit

Be The Master Of Your Budget

Apr 26, 2019
Jesse Mecham, the visionary founder of budgeting software You Need A Budget, shares invaluable insights on mastering your finances. He transforms budgeting from a chore into a fun and motivating endeavor by emphasizing the importance of setting clear financial goals. Jesse discusses navigating financial changes, especially during major life events like having a child. He introduces the effective 50-30-20 budgeting rule and encourages personal experimentation to discover the best budgeting techniques for individual needs.
21:17

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Quick takeaways

  • Choose a specific and meaningful goal to stay motivated and say no to unnecessary expenses.
  • Use major life events or financial stress as a catalyst to take control of your finances.

Deep dives

Tip 1: Set a Specific and Meaningful Goal

When it comes to budgeting, having a vague goal like 'becoming an adult' won't serve you well. Instead, choose a specific and meaningful goal that you truly want to achieve, such as paying off student loan debt or saving for a trip to South America. With a clear goal in mind, you'll have a reason to say no to unnecessary expenses and stay motivated to stick to your budget.

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