122. “I shouldn’t have to ask for $20 to get McDonalds for the kids”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 19 September 2023

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Doni and Cacey are 30 and 40 years old with three very young kids. Doni’s struggled with credit card debt in the past, putting pressure on Cacey to control their finances—in addition to being the family’s sole earner. Don’t miss the shocking twist to their money story at the end of the episode. This episode is brought to you by: Trade | Right now, Trade is offering our audience a free bag of coffee with any subscription at https://drinktrade.com/ramit. Mint mobile | To get your new wireless plan for just $15 a month, go to https://mintmobile.com/ramit. DeleteMe | If you want to get your personal information removed from the web, go to https://joindeleteme.com/ramitfor 20% off. Rocket Money | Stop throwing your money away. Cancel unwanted subscriptions – and manage your expenses the easy way – by going to https://rocketmoney.com/ramit. Connect with Ramit • Get the Podcast Newsletter and exclusive Q&A about the show • Get Money Coaching with Ramit • Download the Conscious Spending Plan • Get my New York Times best-selling book • Get my no-numbers journal • Other episodes • Instagram • Twitter • YouTube • Submit a question for the newsletter iwt.com/askramit If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here. Produced by Crate Media.

Transcript

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0:00.0	It sounds weird saying it because I trust my wife, but we first got into a relationship.
0:08.8	She explained to me that problems and issues she's had with credit cards and spending.
0:14.6	Do you trust her?
0:15.6	I feel like I can trust her.
0:17.8	I'm going to be honest, but it's too limit.
0:21.0	I ran up too much credit card debt, so I had bad credit, wasn't able to use any credit
0:28.4	for years.
0:30.0	I've never really had credit card debt.
0:33.2	I've never had it before.
0:34.3	I've never had credit for that matter.
0:36.9	And so I see my balance up by hundreds of dollars that she's just been buying things.
0:43.5	And I'm like, have you been using the card?
0:45.4	Like, what are you using it on?
0:46.8	You should ask me for the money to pay for this.
0:49.3	I need her to be on the same page as me to trust me.
0:53.0	Same way I want to trust her and kind of stop the arguments over the little things.
0:58.4	Small as McDonald's or whatever.
1:04.7	Meet Doni and Casey.
1:06.2	Doni's 30, Casey's 40, and they have three young children.
1:10.6	Now Doni used to be in credit card debt.
1:13.1	So early on in their relationship, Casey took on the role of helping.
1:17.7	And he became the money person in their relationship.
	...

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