The Jesse Mecham Show
Rules Changes: A Quick Trip Through YNAB History
Jul 31, 2023
Explore the evolution of YNAB's Four Rules over the years, from a simple spreadsheet to an essential budgeting method. Learn about the correlation between rule three and four, the concept of aging your money, zero-based budgeting, and the rule about mistakes and paying yourself back. Discover the personal anecdotes about the embrace of the rules and the importance of timing in spending. Dive into the current rules including giving every dollar a job, embracing true expenses, rolling with the punches, and aging your money.
13:16
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Quick takeaways
- The evolution of the YNAB method led to the current set of rules: give every dollar a job, embrace your true expenses, roll with the punches, and age your money.
- The YNAB method is the core selling point that led to continuous refinement of the rules, prioritizing clarity, practicality, and precise teaching methods.
Deep dives
Evolution of the Four Rules
The podcast episode discusses the evolution of the four rules of the YNAB method over the years. It starts from the earliest version of the method, which had no rules and was just a simple spreadsheet. The rules began to take shape in 2004, with three rules: live within your means, spend after you earn, and save for a rainy day. Over time, the rules evolved and changed in name and order. By 2015, the current set of rules emerged: give every dollar a job, embrace your true expenses, roll with the punches, and age your money.
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