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The YNAB Podcast

161 - Lay it All on the Table

The YNAB Podcast

YNAB

Consolidation, Total, Budget, Dave, Peace, Money, A, Education, Ynab, Finance, Bankruptcy, Makeover, Fpu, Software, Management, Personal, Need, Ramsey, Financial, University, Debt, Kids & Family, You

4.71.1K Ratings

🗓️ 2 March 2015

⏱️ 4 minutes

🧾️ Download transcript

Summary

When budgeting with a partner.... be clear about what you bring to the table. All of it. Debts, habits, passions, etc.

Transcript

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0:00.0

Hello, Wine Ebers. My name is Jesse Meekham and this is podcast number 161 for you need a budget where we teach

0:15.7

you four rules to help you stop living paycheck to paycheck, get out of debt and save more money.

0:21.1

This is part two of a seven-part series on budgeting with a significant other.

0:27.0

When you are entering into a serious relationship and that relationship starts going into the realm of money, it is so, so, so critical

0:40.0

that you lay it all on the table.

0:43.4

You just have to.

0:45.6

There's no other option.

0:46.8

You can't hide it.

0:49.6

It wouldn't be right.

0:51.2

It would start things off on the wrong foot. So make sure that you're

0:56.9

super clear as we discussed last week getting a feel for each other's priorities

1:01.2

passion's goals and then as you can get more to feel for each other's priorities, passions, goals.

1:03.7

And then as you can get more granular,

1:06.5

you really need to tell them how things have gone for you so far,

1:11.9

especially if it's still relevant, but you want to have a good, make a good showing,

1:17.8

obviously. No one likes to drag themselves through the mud or anything if they were past mistakes, but you've got to start

1:25.8

the relationship out. I say start it out. I mean obviously at this point you would have been in a relationship

1:31.1

for a while.

1:32.5

But when it comes to money, you're kind of starting fresh,

1:36.1

and it can be taboo even with the person

1:39.8

to whom you confess your undying love.

1:41.8

So you've got to make sure you lay it all on the table. No secrets. No secret debts. It

...

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