Money For Couples with Ramit Sethi 185. “My fiancé has no savings at 43. Should we get married?”
22 snips
Dec 3, 2024 Dawn and Richard confront their financial struggles as they plan their marriage while living paycheck to paycheck. They explore the impact of their past money experiences on their current situation, emphasizing the need for a cohesive financial plan. The couple grapples with differing spending habits and the emotional toll of financial insecurity. Discussions on retirement savings and shared financial goals highlight the complexities of combining finances, revealing the importance of open conversations and accountability in their relationship.
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Dawn and Richard's Financial Situation
- Dawn and Richard are engaged but struggle with combined finances due to past traumas.
- Dawn overspends on family, and Richard has scars from a financially devastating breakup.
Financial Stress and Near Breakup
- Dawn and Richard struggle to merge finances; Dawn feels Richard is paying rent, not contributing.
- They nearly broke up over inconsistent contributions and financial stress.
Richard's Past Financial Trauma
- Richard had structured finances with an ex-fiance, but she mismanaged funds after job loss.
- He lost his home, business, and equipment, leading to financial trauma and fear of joint finances.
