Budget Nerds

#108 - Spendfulness: The Word We've Been Looking For All Along with YNAB Dave


Listen Later

In today's episode, Ben and Ernie are joined by Dave from YNAB, a YNAB teacher and contributor to many YNAB articles and blogs and a master of money analogies! Dave discovered YNAB while deeply in debt and making a move across the Atlantic. He saw the wisdom and value of the YNAB method quickly, however, and steadily worked himself out of debt over an eight year period. Along the way, he learend many lessons about sustainability and resilience -- learning to balance his priorities of enjoying life now and becoming debt free, while creating a buffer for unexpected expenses so they didn't put him further in debt. Two steps forward, three steps back, as Dave says.

 

When the YNAB team landed on the word "spendfulness" to describe this state of alignment with your money, it instantly struck a chord for Dave. The YNAB method, which for many years was represented by four rules, always really boiled down to one rule, the first one: give every dollar a job. There was always something special about Rule One, he points out. The problem was, the rules didn't fully explain the method in and of themselves. When Dave would run workshops, "embrace your true expenses" (Rule Two) was typically followed by the quesiton: what's a true expense? After spending so much time explaining and clarifying the rules, it became clear that YNAB needed a different way to explain what made it different from traditional budgeting advice.

 

Dave explains why spendfulness is such an important concept, and how the Four Rules have been transformed into 5 Questions which clarify the only rule that ever mattered: giving every dollar a job.

 

 

Follow Budget Nerds on YouTube

Budget Nerds Livestreams: https://www.youtube.com/@YNABofficial/streams

Budget Nerds Episodes: https://www.youtube.com/channel/UCuIUGmbCDklkDCDm-cQqv2g

 

Share your YNAB wins with Ben and Ernie!

[email protected]

 

Get your tickets to YNAB Fan Fest 2025! Coming to San Diego, Minneapolis, and NYC. Tickets are ON SALE NOW:

YNAB.com/events

...more
View all episodesView all episodes
Download on the App Store

Budget NerdsBy You Need a Budget

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

91 ratings


More shows like Budget Nerds

View all
Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,109 Listeners

The Jesse Mecham Show by Jesse Mecham

The Jesse Mecham Show

1,071 Listeners

Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,518 Listeners

Optimal Finance Daily - Financial Independence and Money Advice by Optimal Living Daily | Diania Merriam

Optimal Finance Daily - Financial Independence and Money Advice

1,280 Listeners

HerMoney with Jean Chatzky by Jean Chatzky Her Money

HerMoney with Jean Chatzky

1,416 Listeners

The Money Nerds by Whitney Hansen

The Money Nerds

352 Listeners

Marriage Kids and Money: Personal Finance for Families by Andy Hill

Marriage Kids and Money: Personal Finance for Families

592 Listeners

How to Money by iHeartPodcasts

How to Money

3,167 Listeners

Frugal Friends Podcast by iHeartPodcasts and Jen Smith & Jill Sirianni

Frugal Friends Podcast

1,187 Listeners

Get the Hell Out of Debt by Cloud10

Get the Hell Out of Debt

211 Listeners

Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans by Vanessa and Shana | Budget Besties | Bougie On A Budget | Dave Ramsey Fans

Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

218 Listeners

Inspired Budget by Allison Baggerly

Inspired Budget

297 Listeners

Beginning Balance by Jesse Mecham

Beginning Balance

67 Listeners

Money For Couples with Ramit Sethi by Ramit Sethi

Money For Couples with Ramit Sethi

3,309 Listeners

Budget Effect: How to Budget, How to Pay off Debt, Save Money, Live on a Budget, Improve your Money Mindset on a single income by Erin Britt | Budget Strategy Coach

Budget Effect: How to Budget, How to Pay off Debt, Save Money, Live on a Budget, Improve your Money Mindset on a single income

8 Listeners