Does Your Spouse Need Money Rehab? Here's What To Do

Money Rehab with Nicole Lapin

Money News Network

Education, Business, Self-improvement

4.6 • 1.7K Ratings

🗓️ 8 March 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Money problems in relationships can be sneaky. Problems don't always arise from big juicy secrets. Sometimes they arise when a couple is super compatible and in love— but just has different expectations on money and work. Nicole answers a question from a listener struggling with that exact problem, and gives three solutions. Here is the episode on calculating your target retirement nest egg Nicole mentioned: https://link.chtbl.com/vRoxmrAe Here is the episode on asking for a raise: https://link.chtbl.com/2d-VX_FY All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Brokerage services for alternative assets are offered by Dalmore Group, LLC, member FINRA & SIPC. Brokerage services for treasury accounts offering 6-month T-Bills are offered by Jiko Securities, Inc., member FINRA & SIPC. Banking services are offered by Jiko Bank, a division of Mid-Central National Bank. Securities investments: Not FDIC Insured; No Bank Guarantee; May Lose Value. Brokerage services for Regulation A securities are offered through Dalmore Group, LLC, member FINRA & SIPC. Risks at public.com/disclosures/alts-risk-and-conflict-of-interest-disclosure See public.com/#disclosures-main for more information.

Transcript

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0:00.0	I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.
0:07.0	It's time for some money rehab. So I have this idea for a reality show where I show up at weddings and when the
0:19.6	officiant asks if anyone has any objections I would stand up and ask people if they had the money talk.
0:25.7	And if they hadn't, I would object.
0:27.8	Loudly.
0:28.8	Would you watch that show?
0:30.0	Of course you would.
0:31.2	Would I have any issues finding couples to wedding crash?
0:34.4	No, I would not, because lots of couples have problemos talking to their significant
0:38.8	other about money.
0:40.6	And the challenges can be sneaky sometimes. A difficult scenario doesn't look like a big financial secret.
0:45.6	Sometimes a difficult scenario can look like two people being perfectly compatible,
0:50.8	but just making different assumptions about what money and work will look like as they live happily ever after.
0:56.5	I got this DM recently from a listener, let's just call him Cole, who had this question and I'm going to read it because he wanted to stay anonymous.
1:04.1	He said, how do you approach your partner not being on the same page about financial growth?
1:08.7	When we got married neither me nor my wife had too much money and we both had some debt. We've been married for over seven years. In that time I've found better jobs twice, more than doubling my income, paid off all my debt, opened a T.FSA, that's the Canadian. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A In the meantime, my wife has had the same job as before,
1:32.7	and while I've spoken to her about budgets,
1:34.8	like your 70, 15, 15, 15, etc,
1:37.7	she seems to have very little interest
1:39.8	in budgeting or a career upgrade.
1:42.1	Her job is extremely convenient with the kids when she gets the summer off. But where we live in southern Ontario, it's a lot harder to get ahead with one good income, at least not without a solid budget.
1:53.0	Thank you very much.
	...

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