141. “We only have $2k in savings but she can’t stop going to the mall”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 30 January 2024

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

April and Kevin are in their mid thirties with two kids. They’ve been married for twelve years and Kevin recently came across a good book on finance—one which empowered him to learn more about their finances. What he found shocked him, and has driven deep cracks in their marriage. This episode is brought to you by: Calm | Go to https://calm.com/ramit for 40% off unlimited access to Calm’s entire library. Facet | Get affordable, accessible financial planning with a flat fee membership. For a limited time, the $250 enrollment fee will be waived when you sign up at https://facet.com/ramit. Masterclass | For unlimited access to every class and 15% off an annual membership, go to https://masterclass.com/ramit. Fabric by Gerber Life | Protect your family today with Fabric by Gerber Life. Apply today in just 10 minutes at https://meetfabric.com/ramit. 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 Listen to my book—now on Audible 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	Are your kids poor?
0:03.0	No, they're not, because we're not.
0:06.6	Let me ask April that actually.
0:08.0	What would you consider yourselves, financially speaking?
0:11.3	We're not like, pro, we're not like poor, poor, the same time I mean we're barely making and
0:16.9	sweet so like what would you call that poor for me I feel like you're poor if you can't go, like if you have to check price tags or like not being able to go out or I don't care about them and so I don't see how much we're spending.
0:37.5	Like I see that it's not a lot that it's then it accumulates and then he's unhappy.
0:41.5	And why are you upset?
0:43.8	Because I'm the issue.
0:49.3	Meet Kevin and April.
0:50.5	They're both in their mid-30s.
0:51.6	They have two children, and they've been married for 12 years.
0:54.5	Recently Kevin learned how money worked and suddenly he's in a big hurry to take control of their
1:01.3	finances. The problem is that April has no interest in it.
1:05.9	She avoids talking about money, she continues to overspend, and this is causing a big problem.
1:13.0	As you listen today, I guarantee there's going to be points that you're frustrated at.
1:18.0	I know that I was frustrated.
1:20.0	What I want to do is encourage you to listen, to push through because there's some real
1:23.4	insights that you can gain from this conversation. I have a lot of admiration for the
1:29.3	guests who show courage in coming on here and talking about something as intimate as their
1:34.1	personal finances. I ask you to respect that and of course I'm not going to put up
1:37.8	with any rude comments on my social media. Instead I ask that we have some constructive comments.
	...

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