Money For Couples with Ramit Sethi 135. "It could cost us $50k to have a baby. Can we afford it?"
10 snips
Dec 19, 2023 A couple navigates the challenges of pursuing IVF, facing misalignment on money and daily spending worries. The podcast emphasizes the importance of communication and financial transparency in relationships. It also explores strategies for developing a healthy view of money together. The speakers discuss surprises and budgeting, relationship dynamics, lessons learned about money, and the financial burden of IVF. They reflect on overcoming financial challenges, comparing net worth, and the importance of individual responsibility in financial planning.
AI Snips
Chapters
Transcript
Episode notes
Money Talks Are Complex
- Money conversations are more complex than other relationship issues because they involve knowledge gaps and social pressures.
- Even couples with strong communication can struggle due to invisible money scripts and lack of financial knowledge.
Money Communication Misunderstanding
- Em tried to gauge Kate's reaction on spending by indirectly asking about buying a surprise diamond ring.
- This confusion reveals their different communication styles about money and surprises.
IVF's Financial Impact
- Kate and Em spent about $15,000-$20,000 on IVF so far and anticipate up to $50,000 total.
- IVF costs add a significant financial and emotional burden on their family planning journey.