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#113 - How to Pay Off Debt The YNAB Way

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Content provided by You Need a Budget. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by You Need a Budget 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://staging.podcastplayer.com/legal.

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 off debt is where most of the personal finance world gets it wrong. YNAB has a unique method for paying off debt with an emphasis on sustainability and maintaining motivation. The key is to learn how to plan for future large and less frequent expenses so that you don't continue to get into more debt.

Another key is to remember that we are humans, not numbers. So while the personal finance sphere may dive into the deep end of working out the math on interest rates and pay down schedules, at the end of the day it doesn't matter if you can't sustain your pay off plan. To that end, Ben and Ernie offer YNAB's four step process for paying off your debt without going crazy and without living like a monk. There's even room for fun money!

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

  continue reading

89 episodes

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#113 - How to Pay Off Debt The YNAB Way

Budget Nerds

44 subscribers

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Manage episode 475966291 series 3313584
Content provided by You Need a Budget. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by You Need a Budget 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://staging.podcastplayer.com/legal.

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 off debt is where most of the personal finance world gets it wrong. YNAB has a unique method for paying off debt with an emphasis on sustainability and maintaining motivation. The key is to learn how to plan for future large and less frequent expenses so that you don't continue to get into more debt.

Another key is to remember that we are humans, not numbers. So while the personal finance sphere may dive into the deep end of working out the math on interest rates and pay down schedules, at the end of the day it doesn't matter if you can't sustain your pay off plan. To that end, Ben and Ernie offer YNAB's four step process for paying off your debt without going crazy and without living like a monk. There's even room for fun money!

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

  continue reading

89 episodes

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