My Spouse Wants To Spend My Inheritance
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 3 March 2024
⏱️ 4 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.4 | My father and grandfather passed away and I've inherited what my father would have received. |
| 0:10.9 | My husband and I are always arguing because I don't want to touch the money unless we purchase a house or invest it to secure our family's future. |
| 0:19.0 | We are not responsible when it comes to money. We have |
| 0:21.8 | saved an emergency fund of $10,000 and in less than seven months it was gone. My husband has always |
| 0:26.8 | wanted to start a business and now that we have a cushion, he wants to quit his job. I asked him to |
| 0:32.2 | build some of some clientele before quitting his job because I know that he will use the inheritance |
| 0:39.5 | to pay our bills and living expenses and I'm not okay with this. How do we move forward? |
| 0:44.1 | Well, I think Grace has a lot of wisdom here. She's first of all self-aware to say we are not |
| 0:49.6 | responsible with money. And then she says, I know he'll use this money to basically just live our life. And |
| 0:57.5 | that starting this business is not smart. He's got to build some clientele. And I would agree with that, |
| 1:02.5 | that you shouldn't just up and quit your job and then hope because you've got this fund over here |
| 1:06.9 | that you can blow. That's right. But the problem is grace is that there's obviously been a |
| 1:11.0 | pattern here that's occurred with how you guys live with money, the fact that you saved 10,000, |
| 1:16.2 | which is great, but then you spent it all. So the pattern of money is what needs to be addressed. |
| 1:21.5 | And so that can be, you know, pattern that you have, that your husband has. But either way, |
| 1:25.8 | that's the core of the issue here, is that |
| 1:28.4 | the way you guys have handled money in the past will repeat itself unless you guys change |
| 1:33.6 | course. And so that's what has to be addressed, in my opinion. Yeah, but how do we move forward? |
| 1:38.5 | It's more relational than it is financial. We don't know the amount of the inheritance. We don't |
| 1:42.3 | know if they have debt, their income, all of that. But I would hit pause on touching this inheritance for a long time |
| 1:49.1 | until we're on the same page. Yep. And the value system, that's what always gets couples. That's |
... |
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