How & Why Married Couples Should Combine Finances (Hour 3)

The Ramsey Show

Ramsey Network

Self-improvement, Education, Business, Investing

4.5 • 38.5K Ratings

🗓️ 1 February 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Rachel Cruze answer your questions and discuss: "How can I teach my son about money when his biological father is terrible with money?" from the blog: 15 Ways to Teach Kids About Money, How a married couple should combine their money, "Should I do a cash-out refi?" from the blog: Cash-Out Refinance: How It Works and Is It Worth It? Do I need to set up a non-profit? Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	sé
0:26.7	Live from the headquarters of Ramsey Solutions, broadcasting from the pods moving in storage studios.
0:33.7	It's the Ramsey show where we help people. Build wealth, do work that they love, and create actual amazing relationships.
0:43.7	The Redчel Crew is Ramsey Personality, number one best selling author. My daughter is my co-host today. The phone number here is triple 8, 825-5225.
0:52.7	Kennedy is with us in Indianapolis to start off this particular hour. Hi Kennedy, how are you?
0:57.7	Hi Dave, how are you?
0:59.7	Better than we deserve. What's up?
1:01.7	Hey, so I'm calling because I have a son before and a half and his dad and I are no longer together, but I'm in a great marriage now.
1:10.7	We are actually on baby step two, we're working with Beth. My son's dad, he's not very good with money.
1:16.7	We built a house together, it wasn't on it, obviously, but we built a house together and he picked out everything that was super expensive.
1:23.7	He went and he bought a brand new cheap when he had a beater. He lived to impress people and he's not a bad dad.
1:29.7	We're on good terms, but he's just really bad with money and I'm trying to work with my son now on chores and saving money and making money.
1:37.7	I'm worried that his dad is going to show him habits, going out to eat all the time and buying every single thing.
1:44.7	It's just kind of like I'm going to reverse what I do here at home. Can you help with that?
1:49.7	This can be a tough one. The good news is, you're son's five, which is great.
1:56.7	They're young and yes, impressionable, but you can start doing things with him that's not going to completely unravel just because he sees his dad.
2:06.7	I think parents, and I have to even realize this, even with my kids, so much of what they learn is what they're watching.
2:14.7	So, more is caught than taught and you only have the power to control what goes on in your house.
2:19.7	You don't have the power to control what's going to be going on in your husband's house.
2:23.7	I think the older he gets, the more conversations you guys can have around money, but right now, where you're at, the fact that he's five,
2:32.7	I think instilling these small habits. Again, Kennedy, we have a five-year-old at home.
2:37.7	We do this stuff. I teach it every day, and we still probably aren't as intentional as we should be with our kids.
	...

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