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The Ramsey Show Highlights

We’re 70, Do We Really Need To Combine Finances?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 7 January 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

Today's episode features Dr. John Delony & Rachel Cruze. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. 💸 Budget for free with EveryDollar: Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.2

Today's question comes from Adrian in Georgia.

0:09.3

Adrian writes,

0:10.6

My fiancé and I are in our 70s.

0:13.2

Ah, that girl, Adrienne.

0:15.2

I love it.

0:16.3

And planning on marrying in the next six months.

0:18.8

Dude, yes.

0:20.5

We're going to end up at the end with

0:22.8

no tread left on the tires. Good for you. I've heard your advice on always combining finances as a

0:28.7

married couple. However, I'm not sure if that's a reasonable path when both parties have children

0:33.5

from previous marriages. What's the best approach here? That's a great question.

0:39.3

That is a great question. Yes. Yeah, because, you know, they're, yes, you guys as an entity,

0:44.6

as a married couple, you're going to be dealing with finances together. You're going to be doing

0:48.4

paying household bills, like working as a team on all of that but it always raises an interesting point when there

0:55.0

are grown children involved from previous families and you know do you suddenly combine the

1:02.0

family just because you got married in your 70s and everyone's equal you know what I mean like all

1:06.2

of that and yeah and I lean towards keeping it separate still at this at stage of life, I mean, in my head, I'm like,

1:14.4

like your immediate family before this marriage was pretty much done.

1:19.2

I mean, like, grown kids, you've done your job.

1:21.6

You've made your life.

...

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