Money For Couples with Ramit Sethi

183. “I saved $5k for an engagement ring, but she secretly took the money”

4 snips
Nov 19, 2024
In this conversation, Matt, a finance professional, discusses the financial challenges he and his partner Michelle face as they navigate her student loan debt. They explore the emotional strain that money issues can create in a relationship and the importance of transparency about finances. Matt reveals a breach of trust regarding engagement ring funds, sparking a dialogue on how their past experiences shape their current financial habits. Together, they seek to foster better communication and find solutions for a healthier relationship with money.
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ANECDOTE

The Missing Ring Money

  • Michelle secretly took $5,000 from Matt's safe.
  • He was saving for an engagement ring, and she said she'd replace it but never did.
INSIGHT

Controlling Father

  • Michelle's dad controlled finances and used money to manipulate, creating unhealthy money dynamics.
  • He would buy gifts after being mean or tell Michelle she was 'brokey' and would need his money.
ADVICE

Honest Conversations

  • Michelle and Matt must communicate openly about money and expectations.
  • This uncomfortable conversation is crucial for a healthy relationship.
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