145. “Am I a bad mom if we can’t do a $7k Disney trip?”

Money For Couples

Ramit Sethi

Relationships, Society & Culture, Investing, Business

4.6 • 3.1K Ratings

🗓️ 27 February 2024

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kristin is 32 and David is 38. They share five kids in a blended family and David is getting close to military retirement. The problem is their spending—fueled by emotions alone, they make purchase after purchase, soaring over set budgets and putting the future of their family at risk. This episode is brought to you by: Thinkific | The same platform I use to build online courses online https://thinkific.com. 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. Pique Tea | Get up to 15% off and 12 tea samples at https://piquelife.com/ramit. DeleteMe | If you want to get your personal information removed from the web, go to https://joindeleteme.com/ramit for 20% off. Viator | Download the Viator app and use code VIATOR10 for 10% off your first travel experience with Viator. 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	You guys like getting played by your kids? I think it's guilt. Me and their dad divorced. So I feel like maybe I put them in you know a bad situation when there was me I don't want them to feel
0:15.6	sad or I don't want them to feel hurt or I don't want them to you know negative
0:20.2	feelings when they're around mom. Regardless what we set down, I'm going to be a complete pushover for my family, especially my wife.
0:27.0	If she says, well, I want to do this, I'm not going to put my foot down and say, we're not you're a pushover for your wife your
0:35.2	wife's to push over for your kids who runs that house I mean when it comes to running the
0:40.1	house it's it's me when it comes to like rules and chores and things like that.
0:46.0	How about if they say I want to go to Disneyland like five of us I want to go to
0:49.4	Disneyland how about that? If they ask me, I dream on, yeah, good luck.
0:54.5	No.
0:55.3	And then they ask mom, and then what does mom say?
0:58.4	Let's plan a trip to Disneyland.
1:00.2	Let's go to Disney. Meet Christine and David.
1:05.0	Christina's 32, she's a business operations manager.
1:11.0	David is 38, he's in in the military he's actually about to
1:14.3	retire they have five children together in a blended family and they're here today
1:19.0	because they have serious spending issues it all starts with them describing a recent trip to
1:25.8	Disneyland, but what you're going to hear in our conversation today are skills
1:29.9	around setting boundaries, around working as a team and even parenting.
1:35.0	What do you do when you're in debt?
1:38.0	You can't say no to your kids and one of you is about to retire.
1:44.7	Let's listen into today's conversation with Christine and David.
1:51.3	Disneyland in October. Spend my money on my kids, my wife, and my family and that's just how it works.
	...

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