2420: Love and Money: Do Savers Seek Spenders? by April Dykman of Get Rich Slowly on Couples Spending

Optimal Finance Daily - Financial Independence and Money Advice

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🗓️ 21 August 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

April Dykman with Get Rich Slowly talks about couples spending Episode 2420: Love and Money: Do Savers Seek Spenders? by April Dykman of Get Rich Slowly on Couples Spending J.D. Roth has been reading and writing about personal finance for a decade. Today he’s financially independent, but ten years ago, his money life was a disaster, with over $35,000 in consumer debt. He started turning everything around in 2004. By being the boss of your own life, you, too, can be the master of your own financial fate. The original post is located here: https://www.getrichslowly.org/love-and-money-do-savers-seek-spenders/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2420.
0:04.0	Love and Money.
0:05.5	Do Sabers Seek Spenders by April Dykeman with GetRichSlowly.org.
0:11.5	And I'm your host and personal finance enthusiast, Diana Mariam.
0:16.0	Thanks so much for joining today.
0:18.0	I have another article that can help you optimize your finances.
0:21.0	So with that, let's get right to it as we optimize your life.
0:26.0	Love and Money.
0:30.0	Do Sabers Seek Spenders by April Dykeman with GetRichSlowly.org.
0:37.0	Social psychologists have found that people tend to choose their significant other based on similarities,
0:43.0	similar attitudes, values, and even similar names.
0:47.0	Those findings would seem to suggest that people with similar spending habits
0:51.0	would be attracted to each other too.
0:54.0	But a working paper published last year found the opposite to be true.
0:58.0	In fatal fiscal attraction, Rick, Small, and Fingle,
1:03.0	professors of the Wharton School of Finance and Northwestern University,
1:07.0	found that while most singles say that their ideal mate would have similar spending habits,
1:12.0	when it comes to feelings towards spending, opposites attract.
1:17.0	The Spend Thrift Tightwad Spectrum.
1:21.0	Rick, Small, and Fingle used a survey to establish where study participants fell
1:26.0	on a Spend Thrift Tightwad Spectrum.
1:29.0	According to the paper, each of us feel a degree of pain of paying.
	...

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