All the Hacks with Chris Hutchins Do You Really Need a Budget with Jesse Mecham
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Aug 18, 2021 Jesse Mecham, founder and CEO of You Need A Budget, shares his insights on fostering a positive relationship with budgeting. He explains why everyone, regardless of income, can benefit from budgeting and debunks the stigma around it. Jesse outlines four essential rules for effective budgeting and discusses clever strategies for families managing finances. He emphasizes the importance of aligning financial practices with personal values while highlighting innovative savings techniques like the mega backdoor Roth. Tune in for practical tips that can transform your financial approach!
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Budgeting Mindset
- Budgeting is often associated with negative feelings because people view it as restrictive.
- Jesse Mecham argues that budgeting, when done correctly, can be freeing and empowering.
Start Budgeting
- Stop looking at past spending and focus on the future.
- Ask yourself: "What does the money in my account need to do before more comes in?"
Give Every Dollar a Job
- Give every dollar a job by allocating your current money to specific purposes.
- This creates awareness and intentionality with your spending.
