199. “I struggle w/ cc debt but insisted on a Cartier wedding ring”

19 snips

Mar 11, 2025

In this engaging discussion, couples share their financial struggles and triumphs. One pair grapples with impulsive home-buying decisions while facing wedding plans, revealing the importance of aligning values. Another couple navigates the balance of saving and spending, as one partner surprises the other with financial realities post-honeymoon. The show highlights the necessity of transparency and teamwork in managing debt and financial aspirations, emphasizing how open communication can transform relationships and financial futures.

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ANECDOTE

House Hunting Loss

Giselle and Robert lost $8,000 on earnest money while house hunting.
They didn't discuss finances beforehand and impulsively committed to a house they couldn't afford.

ADVICE

Early Communication

Address money concerns early in conversations.
Don't wait for problems to arise before discussing financial implications.

INSIGHT

Debt Misconception

Robert believed maintaining credit card debt helps build credit.
Ramit clarified that having a $300,000 income and credit card debt is illogical.

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On today’s episode, we’re live from Boston for my recent Money For Couples book tour.

First, I talk with Robert (28) and Giselle (28) who appear to have it all together, but behind the scenes, they’re struggling to make intentional financial decisions. Instead of planning ahead, they make impulsive decisions like committing $7,500 of earnest money to a new home that they can’t afford. Now, they’re questioning if they can still plan the wedding they want.

Then we’ll meet Sara (28) and Jay (28) who are newly married and learning how to navigate finances together. Sara is a disciplined saver who avoids debt, while Jay is a big-picture dreamer—planning elaborate vacations without considering the cost. Sara has graciously agreed to help Jay pay off his debt, but was blindsided when Jay revealed the full amount post-honeymoon. Now, as they plan for homeownership and parenthood, trust and transparency are more important than ever.

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Links mentioned in this episode

• Start earning $1k on the side in 30 days—using skills you already have at iwt.com/earn1k

• Order my new book: Money for Couples

Connect with Ramit

• Get Money Coaching with Ramit

• Download the Conscious Spending Plan

• Listen to my book—now on Audible

• Get my New York Times best-selling book

• Get my no-numbers journal

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If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here: https://iwt.com/apply

Produced by Crate Media.