Jill on Money with Jill Schlesinger Combining Finances With My Partner
Dec 24, 2024
Explore strategies to combine finances after a big move and job change. A couple discusses their aspirations for homeownership while weighing the benefits of a VA loan. The conversation dives into critical personal finance topics, including retirement savings and managing student debt. Patience and strategic decision-making are emphasized as they navigate financial goals together. The fun twist? Seasonal holiday cheer makes an appearance, reminding listeners of the importance of planning for both now and the future.
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Financial Priorities
- Jeff, who recently moved and changed jobs, seeks advice on managing finances with his partner.
- They are considering buying a house but have student loan debt and limited savings.
Delay Home Purchase
- Jill advises against buying a house immediately due to recent life changes and debt.
- She suggests focusing on building an emergency fund, paying off debt, and retirement savings.
Track Spending & Emergency Fund
- Track spending for 90 days to understand cash flow and create a realistic budget.
- Prioritize building an emergency fund covering 6-12 months of living expenses.