Money For Couples with Ramit Sethi 162. “We panic over money—but spend $84K/year on travel and shopping”
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Jun 25, 2024 A couple, Paul and Maddie, face financial stresses as Maddie becomes the sole earner after Paul quits his job. They discuss managing financial uncertainties, career transitions, unequal responsibilities, and the impact of family dynamics on money mindset. The couple grapples with overspending, expensive wedding plans, and the importance of making informed financial decisions for long-term stability.
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Engagement Party Stress
- Maddie and Paul planned an engagement party despite Paul's upcoming job loss.
- They felt stressed about the decision but proceeded anyway, highlighting their conflicted approach to finances.
Conflicting Money Feelings
- Maddie feels conflicted between enjoying her high income and feeling guilty about spending.
- She oscillates between a "bougie" lifestyle and stress about finances.
Scarcity Mindset
- Maddie understands financial concepts but struggles with a scarcity mindset.
- This fear stems from childhood experiences and creates a disconnect between knowledge and emotions.