Rich Habits Podcast

80: How To Be Intentional With Your Money

Sep 3, 2024

Jesse Mecham, founder of the popular budgeting app You Need A Budget, shares his insights on intentional money management. He discusses the importance of transparency in budgeting and reflects on his journey developing flexible budgeting methods. The conversation dives into proactive financial decision-making, emphasizing the need for a serious approach to personal finance, and explores common pitfalls in retirement investing. Mecham also highlights the significance of diversification to enhance financial stability and confidence.

53:29

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Episode guests

Jesse Mecham

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Quick takeaways

An Honest Budget encourages individuals to view budgeting as a tool for empowerment, allowing planned spending and financial control.

The YNAB method promotes mindful financial management through four rules that emphasize purposeful spending and planning for expenses.

Teaching children budgeting from a young age cultivates responsibility and effective financial habits, shaping their future attitudes towards money.

Deep dives

The Concept of the Honest Budget

An Honest Budget emphasizes the need for individuals to be truthful about their spending habits and patterns. It's stressed that budgets should not be seen as a constraint, but as a tool that grants permission to spend on essential expenses such as groceries, transportation, and leisure activities. Embracing this mindset transforms budgeting from a negative connotation into a powerful means to gain control over finances. By using a budget, individuals can ensure they've planned their spending while allowing room for saving and investment decisions for future growth.

Master Your Money: The Three Rules of Budgeting

00:57

Budgeting with Intent: Aligning Desires and Choices

01:18

Prioritize Personal Happiness in Spending

01:41

Intro

2min

The Intentional Budgeting Journey

24min

Mastering Personal Finance with Intent

7min

Rethinking Retirement Funds

6min

Smart Investment Management

6min

The Importance of Diversification in Investing

5min

The Importance of Diversification and Community in Financial Success

3min

In this episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz sit down with Jesse Mecham, the Founder of You Need A Budget.

We've spent the last 12-months or so sharing our own perspective on budgeting, specifically by building your own Honest Budget. During this episode, we get the perspective from the guy who created the most widely-used budgeting app on the planet!

Click here to learn more about their YNAB Method!

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⭐ Download our FREE Budgeting Template – ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠