Money Guy Show I Save, They Spend - What Do We Do?
Apr 7, 2025
The podcast dives into the classic dynamic of savers and spenders in relationships, emphasizing the need for communication. It discusses the 23-8 rule for financing electric vehicles, along with cost comparisons between EVs and minivans. The speakers also tackle unexpected financial challenges and the complexities of managing significant inheritances for minors. Humorous anecdotes about streaming services keep the tone light while exploring practical financial initiatives and available resources to empower listeners in their money management journey.
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Episode notes
Regular Money Dates
- Schedule regular money dates with your spouse to review finances and goals.
- Discuss net worth, savings goals, and upcoming expenses together.
Positive Money Conversations
- Create positive win-win scenarios in money conversations with your spouse.
- Focus on shared goals and collaborative planning, rather than highlighting differences.
23-8 Rule for All Cars
- Follow the 23-8 rule for car purchases, regardless of fuel type.
- Put 20% down, finance for a maximum of three years, and keep total car costs under 8% of gross monthly income.