Money For Couples with Ramit Sethi 192. “We spend 98% of what we make—Where is it all going?”
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Jan 21, 2025 Justin and Deepika grapple with living paycheck to paycheck despite high earnings. They explore the mystery of where their money disappears and how to break free from credit card debt. Balancing a side hustle complicates their financial picture further. They discuss the importance of a shared financial vision and the impact of differing attitudes toward money in relationships. The couple seeks to transform their financial habits by implementing conscious spending strategies and holding monthly money meetings to enhance accountability.
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Financial Dependence
- For years, Justin gave his entire paycheck to his family's church.
- Deepika also contributed significantly, limiting their financial autonomy.
Rich Life Vision
- Ramit advises them to create a rich life vision, both short-term and long-term.
- This vision should guide their financial decisions.
Shared Financial Education
- Ramit advises shared financial education and weekly discussions about money.
- This promotes joint responsibility and understanding.
