YNAB is All About Tradeoffs

Budgeting is all about tradeoffs. Tradeoffs are built right into the Four Rules (in particular Rule One and Rule Three)! Ben and Ernie revisit the idea of tradeoffs in budgeting, and discuss the kinds of tradeoffs they had to make when they first started budgeting and the kinds of tradeoffs they find themselves making now as seasoned budgeters.

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Timestamps:
0:00 Intro
0:21 You can have this, OR you can have that
1:34 Refrigerator update
5:00 Professor Ben talks about opportunity cost
8:20 Rule 1: your money is finite
12:42 Rule 2: trading a little pain now for a lot of pain later
16:36 Rule 3: making different decisions about those original trade-offs
30:00 Rule 4: giving up something now for more space for decisions
33:17 Final thoughts on trade-offs
45:32 #YNABwins

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