The YNAB Podcast

Shift Your Spending Into High Gear

Sep 25, 2023

09:32

Snipd AI

Exploring the concept of money and its different uses, including giving, saving, investing, and spending. Shifting our perception of spending to find joy and excitement in our purchases. Embracing joyful spending and overcoming guilt to enjoy the freedom of treating ourselves.

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Money serves the purpose of being spent, whether through immediate spending, saving, investing, or giving to others.

Developing a love for how you spend your money and aligning your spending with your financial goals allows for guilt-free and joyful spending experiences.

Deep dives

The Purpose of Money is to Be Used

Money serves one fundamental purpose - to be used. Whether it is spent, saved, invested, or given away, money is ultimately utilized. Saving is just deferring spending, while investing is spending with the expectation of a return. Giving is a form of spending, as it involves purchasing goods or services for others. The key is to develop a love for how you spend your money, whether it is on immediate purchases, future plans, or unexpected expenses. By aligning your spending with your financial goals and priorities, you can enjoy the act of spending without guilt or stress.

Introduction

2min

Shifting Our Perception of Spending

2min

Embracing Joyful Spending and Overcoming Guilt

5min

If you think about it, there's only one thing that money can do -- be spent! The use of money is, ultimately, the spending of money. Even if you give money away, it's given to others so that they may spend it. Or if you save money, that money is being saved (and perhaps invested in hopes of getting more money in the future) so that it can be spent in the future. But it's all spending at the end of the day. In today's episode, Jesse paints a picture of spending with a budget a mind, spending with clarity (because you are in tune with what you want your money to do), and perhaps most importantly, spending guilt-free.

Budgeting is really about spending money, and spending it without remorse or guilt... maybe even spending with joy?

Got a question for Jesse? Send him an email:

askjesse@ynab.com

Follow YNAB on social media:

Facebook: @iYNAB

Instagram: @youneedabudget

Twitter: @ynab

Tik Tok: @ynabofficial