Money For Couples with Ramit Sethi

159. “How can we raise 3 kids if she only makes $15k?”

12 snips
Jun 4, 2024
Guests Caleb and Alex, parents fostering two sisters, share their financial struggles and upbringing in missionary work. They discuss budgeting, faith influences, family dynamics, and navigating financial goals as a couple with three kids. Insights on managing money, communication, and aspirations are highlighted in this engaging episode.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

Fun Money Confusion

  • Alex struggles to spend money on herself, even with a designated "fun money" budget.
  • She prefers spending on others or saving, highlighting her discomfort with self-spending.
INSIGHT

The $10 Million Vacation

  • Even with a hypothetical $10 million win, Alex's vacation plans remain modest and bound by current limitations.
  • Ramit points out this reveals a difficulty in envisioning a different financial reality.
ANECDOTE

Missionary Upbringing

  • Alex's upbringing as a missionary kid influenced her view of money.
  • Fundraising and financial dependence on the church created a sense of scarcity and lack of control.
Get the Snipd Podcast app to discover more snips from this episode
Get the app