#85 - Do I Have to Give EVERY Dollar A Job?
Budget Nerds6 Maalis 2024

#85 - Do I Have to Give EVERY Dollar A Job?

The short answer is yes. But why? Ben and Ernie dig into the reasons why giving every dollar a job is essential to creating a stress-free life around money. As Ben explains, the point of YNAB is to ruthlessly root out self-delusion, and be honest about both what you want your money to do for you and what tradeoffs you will have to make to accomplish that.

When you leave money in the Ready to Assign category, you are putting off making decsions about tradeoffs, and thus obfuscating the real purpose of that money. It's even the same with cash buffers in checking accounts or emergency funds held outside YNAB -- these wads of cash actually obscure what your goal with the money is, because it's unclear how much of it is allocated to each job. That money can create a false sense of security, when you assume that the amount is big enough to handle any emergency that could arise. What if the water heater, the fence, and the roof need to be replaced in one year? The totals can really add up, and leaving cash in an amorphous blob in a checking or savings account does not give you clarity on what and how much it can cover.

So, to truly follow YNAB's Four Rules is to, first, give every dollar a job, and start making tradeoffs. Understanding your tradeoffs helps you get clarity on what you really want your money to do for you!

Share your YNAB wins with Ben and Ernie!

budgetnerds@ynab.com

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Jaksot(119)

#143 - What Does "Getting Good at Money" Really Mean?

#143 - What Does "Getting Good at Money" Really Mean?

If you follow any of the content at YNAB -- whether it's Budget Nerds, the Jesse Mecham Show, or social media -- you've probably heard the term "getting good at money" in many different contexts over ...

29 Heinä 56min

#142 - Tag, You're It! Ben and Ernie Answer 12 Questions About Their YNAB Journey

#142 - Tag, You're It! Ben and Ernie Answer 12 Questions About Their YNAB Journey

Ben and Ernie respond to a YouTube tag from new and enthusiastic YNABer Niamh, asking them to answer 12 questions about their YNAB journey and daily money habits.      Follow Budget Nerds on YouTube B...

1 Heinä 1h 2min

#141 - Ask Ben & Ernie: Travel, Debt, and Life After Month Ahead

#141 - Ask Ben & Ernie: Travel, Debt, and Life After Month Ahead

Ben and Ernie are back with a Q&A episode, answering questions about YNAB from podcast listeners and YouTube viewers. In this episode, they discuss travel tips for funding vacations and keeping vacati...

17 Kesä 1h 6min

#140 - YNAB With Us Live! (YouTube Live May 13, 2026)

#140 - YNAB With Us Live! (YouTube Live May 13, 2026)

Ben and Ernie are live on YouTube again, this time inviting you to YNAB with them! Ben and Ernie went live on May 13, 2026, and walked through their recent transactions -- categorizing, moving money, ...

14 Touko 45min

Ben & Ernie LIVE Today on YouTube 3:30pm ET

Ben & Ernie LIVE Today on YouTube 3:30pm ET

Ben and Ernie are going live again on YouTube today, May 13th, 2026 at 3:30pm Eastern time. They'll be going through their own transactions, categorizing, moving money to handle overspending, and more...

13 Touko 1min

#139 - Sixteen YNAB Features Hidden in Plain Sight

#139 - Sixteen YNAB Features Hidden in Plain Sight

Ben and Ernie round up sixteen of their favorite YNAB features and share them on today's show, including some oft-overlooked tools in the app. Whether you're brand new or a veteran YNAB'er, there's pr...

29 Huhti 52min

#138 - Our Biggest Wins Episode Yet: 22 Epic YNAB Wins

#138 - Our Biggest Wins Episode Yet: 22 Epic YNAB Wins

Ben and Ernie are back with another round of YNAB wins, and they keep getting better and better. In today's episode they share 22 money wins from YNAB'ers around the world who found financial peace, g...

8 Huhti 50min

#137 - Patching vs (re)Building Your Money Habits

#137 - Patching vs (re)Building Your Money Habits

Ernie floated a sports reference to Ben in a recent discussion, the concept of an NFL team patching together the holes in their lineup with trades and free agents versus completely rebuilding it from ...

25 Maalis 1h 9min

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