Money For Couples with Ramit Sethi cover image

Money For Couples with Ramit Sethi

192. “We spend 98% of what we make—Where is it all going?”

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.
01:39:14

Podcast summary created with Snipd AI

Quick takeaways

  • Justin and Deepika's differing financial philosophies highlight the need for a shared vision to break their cycle of financial stress.
  • An alarming 98% of their income is consumed by essential costs, prompting the need to reevaluate and reduce unnecessary expenses.

Deep dives

Overcoming Financial Discord

Justin and Deepika are experiencing significant money management issues, largely stemming from differing financial philosophies. Justin is oriented towards enjoying the present, while Deepika is more future-focused, leading to tension in their financial decisions. They find themselves in a cycle of credit card debt despite having a combined income of $260,000, which creates stress and feelings of living paycheck to paycheck. This discord is further exacerbated by a lack of a shared financial vision and understanding of their spending habits.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode