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!

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Jaksot(116)

#117 - Ben and Ernie Fight!

Get your popcorn ready, because on today's episode Ben and Ernie are lacing up the gloves and going for 12 rounds! Twelve rounds of YNAB debate, of course. They have selected 12 YNAB hot topics and sp...

4 Kesä 20251h 8min

#116 - YNAB's Future Vision with CEO Todd Curtis

In today's episode Ben and Ernie talk with the man himself, Todd Curtis, long-time YNAB team member and CEO since 2021. Todd has been a YNAB'er going all the way back to the YNAB3 days, and served as ...

21 Touko 20251h 6min

#115 - How Heidi Overcame ADHD and Money Mistakes with YNAB

Today Ben and Ernie are joined by long-time YNAB'er Heidi to discuss her challenges of managing money with ADHD, and how she has used the YNAB method to reclaim control over her money. As Heidi explai...

7 Touko 20251h 13min

#114 - How to Handle a Windfall

Many of us approach YNAB from a position of scarcity, at least at first. We don't have enough money to do all the things we want to do, and we're living paycheck to paycheck. Giving every dollar a job...

23 Huhti 202546min

#113 - How to Pay Off Debt The YNAB Way

It has been a while since Ben and Ernie have done an old fashioned debt payoff episode, but it's still one of the hottest topics when it comes to personal finance. And in their veiw, at least, paying ...

9 Huhti 202553min

#112 - Ben and Ernie Fix a Messy Budget! (YouTube Livestream Replay)

Ben and Ernie are back again to fix a very messy budget, and this time they are doing it live! This is a replay from their YouTube livestream on Mar 26th, 2025. There is a strong visual component to t...

29 Maalis 20251h 2min

Budget Nerds LIVE on YouTube: Fixing a Messy Budget

Together they sail or sink! Today, March 26th at 3:00pm Eastern, Ben and Ernie will be livestreaming on YouTube and will attempt to fix a messy YNAB budget. This episode will have a heavy visual compo...

26 Maalis 20251min

#111 - What's Your YNAB Routine?

Like the cycles of the earth, Sun, and moon, YNAB'ers have cycles too! Daily, monthly, quarterly, even yearly, there are things to do to manage your spending plan. In today's episode Ben and Ernie sha...

12 Maalis 20251h 2min