Jesse Mecham, founder of You Need A Budget, discusses YNAB's four key habits for money management, including giving money 'jobs', planning for future expenses, building flexibility, and aging money. These methods can aid those with ADHD by promoting intentionality and creating helpful friction in spending and saving.
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question_answer ANECDOTE
YNAB Began As A Small Side Project
Jesse started YNAB in 2004 because he and his wife needed extra income and built it slowly without outside investment.
The product grew organically by word of mouth into a passionate user community.
volunteer_activism ADVICE
Assign Every Dollar A Job
Give every dollar a job by assigning all current cash to specific categories now.
Work with what you have on hand to force clear priorities and reduce overwhelm.
volunteer_activism ADVICE
Budget For Future Expenses
Embrace your true expenses by budgeting for irregular future costs like car repairs and vacations.
Bring future-you into today's plan so present decisions account for upcoming needs.
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This week I'm talking with, Jesse Mecham, the founder of the hit budgeting software, You Need A Budget - or as it's more commonly abbreviated YNAB - now I understand, that the term, "hit budgeting software" does come off as a little strange, but it is honestly something that has quite the cult following. And I know that the idea of budgeting can seem a bit overwhelming so don't worry we get into that. Also while the software is called You Need A Budget, that isn't quite the focus of what's going on. And while this software wasn't designed for people with ADHD, the underlying tenents have really resonated with a lot of ADHDers.
In our conversation today, Jesse and I discuss YNAB's four key habits for money management, including giving money "jobs", planning for future expenses, building flexibility, and aging money to create financial breathing room. We also talk specifically about how these methods can aid those with ADHD by promoting intentionality and creating helpful friction in spending and saving. Support me on Patreon Feel free to ask me a question on my Contact Page Find the full show note at HackingYourADHD.com/162 This Episode's Top Tips
Give every dollar a "job" - Assign your money to different spending categories and priorities when budgeting.
Plan for irregular and future expenses - Don't just budget for fixed monthly bills. Save for things like car repairs. We need to be flexible with our budgeting to allow for when things come up.
Add friction before purchases - Don't save card info in browsers. Figure out where the money is going to be coming from before purchasing to make spending more thoughtful.
Hacking Your ADHD 