The Jesse Mecham Show Spendfulness: An Origin Story
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May 8, 2025 Discover the origins of purposeful spending as the host shares his personal journey from a simple budgeting spreadsheet to a revolutionary financial method. Learn how early life experiences shaped a philosophy centered on mindful spending. Emphasizing the importance of assigning every dollar a job, the discussion reveals how reframing budgeting questions enhances financial clarity. The concept of 'spendfulness' emerges as a powerful principle, illustrating that successful budgeting is all about understanding oneself.
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Early Spreadsheet Budgeting
- Jesse Mecham built a spreadsheet to track finances when he and Julie were poor college students.
- They used the spreadsheet to save money and prepare for Julie to leave her job to raise a baby without borrowing money.
Spending Rules Behind Budgeting
- Jesse realized the spreadsheet enforced specific money management rules that improved their finances.
- Naming and explaining these rules gave people a reason why budgeting works beyond just tracking numbers.
Give Every Dollar A Job
- All budgeting principles boil down to the core rule: give every dollar a job.
- Other rules are just giving jobs to money with different lenses like preparing for future expenses or timing.