The Jesse Mecham Show

Exploring the challenges of teaching kids about money, the discussion highlights effective strategies from personal parenting experiences. The importance of instilling financial wisdom early on is emphasized, including teaching through allowances and engaging discussions about future aspirations. Insights include fostering saving habits in teenagers and encouraging children to enjoy spending while envisioning what money can do for them. Overall, it's about making financial literacy fun and accessible at a young age.

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.

Dive into the fascinating world of personal finance experiments! The host shares insights from unique practices like rating every family meal and testing extreme budgeting techniques. Discover the ups and downs of these trials and what they reveal about mindful spending. Each experiment offers a fresh perspective on financial habits, reminding listeners that personal finance is a deeply individual journey. If you're keen on finding your own path to better financial health, this discussion is full of relatable experiences!

Explore the art of purposeful spending in a chaotic world, learning to adapt financial strategies to navigate uncertainty. Discover how tools like YNAB empower you to take control of your money while fostering a balanced mindset. Emphasize the importance of saving with intent, and find practical tips for managing overwhelming news. Plus, engage in 'parlor time' to strengthen family bonds amidst the chaos. Unravel new ways to create peace and connection with your finances!

Emergency funds are often seen as a safety net, but they can be vague and unproductive. Instead of just setting aside money for unknown events, you can assign specific jobs to your savings for greater clarity. By planning for predictable expenses like roof repairs or car maintenance, you create a more effective financial strategy. Rethinking your emergency fund allows for improved emotional management and empowers you to spend with confidence. It's time to consider trimming down those vague savings!

Explore the balance between saving and spending in your financial life. Discover how amassing savings without purpose can backfire, illustrated through a wedding anecdote. Learn why having a clear plan for your money is essential, whether for immediate needs or long-term goals. The discussion emphasizes giving every dollar a job and fostering a dialogue between your present and future selves to enhance your financial decision-making.

Learn how to budget effectively by focusing only on the money you currently have. The principle of 'giving every dollar a job' simplifies your financial decisions and helps avoid the pitfalls of planning for money that isn't in your pocket yet. Discover the power of 'spendfulness' and how it fosters clearer spending habits. This approach not only enhances decision-making skills but also builds financial confidence, leading to a more secure bank account. Simplicity is key to achieving financial clarity!

Jesse shares a relatable story about a couple's dilemma over a pricey piece of gym equipment. Their initial reaction was that it felt 'spendy,' but with further reflection, they questioned if it could be considered 'spendful.' The discussion highlights the importance of having a financial plan to navigate spending decisions. Jesse introduces five key questions to help listeners align their purchases with their values and goals, encouraging more intentional and mindful spending.

YNAB only has one "rule" for managing your money, and that's to give every dollar a job. This is easier said than done, however, so to help with this task, Jesse presents 5 questions to clarify what you want to do with your money: Reality: What does this money need to do before I’m paid again? Stability: What larger, less frequent spending do I need to prepare for? Resilience: What can I set aside for next month’s spending? Creation: What goals, large or small, do I want to prioritize? Flexibility: What changes do I need to make, if any?     Watch The Jesse Mecham Show on Youtube: https://www.youtube.com/@jessemechamshow   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com   Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial   Tickets to YNAB Fan Fest 2025 are on sale now! Coming to San Diego, Minneapolis, and NYC: YNAB.com/events  

You've heard the term "monkey see, monkey do," and it's true of kids and money too -- and probably not in the ways you expect! Jesse shares a couple lessons about kids and money he's learned from parenting seven children, and how kids often learn as much or more from the things you do with your money rather than what you say about money. What you say matters too, however! The main takeaway is to be thoughtful about how you engage with money, becuase your kids are listening (and watching).   Watch The Jesse Mecham Show on Youtube: https://www.youtube.com/@jessemechamshow   Got a question for Jesse? Send him an email: askjesse@ynab.com   Sign up for a free 34-day trial of YNAB at www.youneedabudget.com   Follow YNAB on social media: Facebook: @ynabofficial Instagram: @ynab.official Twitter/X: @ynab Tik Tok: @ynabofficial   Tickets to YNAB Fan Fest 2025 are on sale now! Coming to San Diego, Minneapolis, and NYC: YNAB.com/events