The Art of Manliness

#363: Budgeting Doesn't Have to Suck

Dec 12, 2017

Jesse Mecham, creator of You Need a Budget, discusses budgeting and personal finance. Topics include the importance of budgeting for unexpected expenses, alternatives to emergency funds, using credit cards responsibly, teaching kids about money management, and motivating yourself with budgeting.

45:20

Creator website

Episode guests

Jesse Mecham

AI Summary

Highlights

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Jesse Mecham emphasizes the importance of breaking the paycheck-to-paycheck cycle and getting out of debt through his You Need a Budget system.

Many people fail at budgeting because they try to forecast their income and expenses instead of focusing on the actual money they have on hand.

Jesse Mecham introduces the concept of embracing true expenses to eliminate stress and financial surprises by planning for larger, less frequent expenses in advance.

Deep dives

Importance of Changing Headlights

It is important to change out headlights before they burn out and lose visibility. Sylvania's lighting experts explain that headlights can dim over time, reducing visibility by up to 50 feet. Changing headlights promptly helps improve visibility and reduces glare distraction on the road.

Perfectionism and forecasting

01:20

Introduction

2min

The Importance of Budgeting for Unexpected Expenses

22min

Rethinking the Need for an Emergency Fund in Personal Finance

3min

Using Credit Cards Responsibly

12min

Teaching Kids about Money Management and Budgeting

3min

Tips for Motivating Yourself with Budgeting

3min

If you find yourself running out of money before your next paycheck or if you’ve been having trouble making a dent in your debt, then you, my friend, need a budget.
My guest today is Jesse Mecham, he’s the creator of the You Need a Budget system and software and he’s just written a book about the philosophy underpinning his system. It’s called "You Need a Budget: The Proven System for Breaking the Paycheck to Paycheck Cycle, Getting Out of Debt, and Living the Life You Want." Today on the show, Jesse tells us the personal story behind his software, why most people fail at budgets, and the myths people have about budgeting. He then walks us through the four rules of the You Need a Budget system, as well as actionable advice on how to implement them. Whether your goal is to pay off your debt or to simply get some control over your finances, this episode is for you.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

The Art of Manliness

#363: Budgeting Doesn't Have to Suck

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Importance of Changing Headlights

Jesse Mecom's Personal Finance System

Why Most People Fail at Budgeting

Embracing True Expenses

Aging Your Money

Perfectionism and forecasting

Remember Everything You Learn from Podcasts