My paycheck for this week will be allocated to my student loans next month. ![]() For example, I have already received enough money in my paychecks this month to cover all my bills. This is a concept along the lines of ‘the dollar you spend today is the dollar you earned last month.’ It’s building your bank account and knowing where that money is going. Simply allocate funds from one budget section to another if you need to change. And your priorities can change from month to month. But adding fun things into the budget allows us to have a quality of life and we are willing to stick to the budget. We allow ourselves to be tied down to the budget with no wriggle room. Why do most budgets fail? Because we do not allow ‘fun’ to be brought to the table. But Mecham adds ‘Fun’ to the priority list as well. We all know paying off debt is a priority, so are the regularly occurring bills. I had two absolute favorite strategies with Mecham’s system. ![]() Mecham’s YNAB software takes the money you currently have in your bank account and assigns it a task. I listed to Jesse Mecham’s You Need A Budget and found some great advice in it. I understand my upbringing completely, but hindsight is just that, hindsight. In part, I think it’s due to the fact that I never owned my own car, didn’t have a job til I was in college, and never actually lived completely on my own before I got married. I studied business in school and even went through Financial Peace University, but let me tell you one thing – I am terrible with money.
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