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There Is No Such Thing as Savings

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Manage episode 489676505 series 2437671
Content provided by YNAB and Jesse Mecham. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by YNAB and Jesse Mecham or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

It seems obvious that you should save money. It's the right thing to do, after all! But even the words that we use talk about saving money have problems -- should, ought -- loaded with moral baggage. Jesse reminds us that even money earmarked for savings is still spending, just spending that has been deferred to a later date, retirement for example. That money still needs to have a job, however. Saving for what in retirement? Utility bills? Travel? Presents for the grandkids?

Money for the future has a job just like money for the present, and when you view money through the lens of giving every dollar a job, you begin to see that money is only meant to be spent. There is no savings, only spending!

Watch The Jesse Mecham Show on YouTube:

https://www.youtube.com/@jessemechamshow

Got a question for Jesse? Send him an email:

[email protected]

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

  continue reading

767 episodes

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There Is No Such Thing as Savings

The Jesse Mecham Show

307 subscribers

published

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Manage episode 489676505 series 2437671
Content provided by YNAB and Jesse Mecham. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by YNAB and Jesse Mecham or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

It seems obvious that you should save money. It's the right thing to do, after all! But even the words that we use talk about saving money have problems -- should, ought -- loaded with moral baggage. Jesse reminds us that even money earmarked for savings is still spending, just spending that has been deferred to a later date, retirement for example. That money still needs to have a job, however. Saving for what in retirement? Utility bills? Travel? Presents for the grandkids?

Money for the future has a job just like money for the present, and when you view money through the lens of giving every dollar a job, you begin to see that money is only meant to be spent. There is no savings, only spending!

Watch The Jesse Mecham Show on YouTube:

https://www.youtube.com/@jessemechamshow

Got a question for Jesse? Send him an email:

[email protected]

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

  continue reading

767 episodes

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