Learning how to manage money as a couple is one of the biggest hurdles you’ll face. A study by TD Bank found that nearly 40% of couples between the ages of 23 and 38 fight about money at least once a week.
Once a week! That’s 52 fights a year you could avoid by learning to manage money better as a couple.
That’s where the Zeta: Couples Finance app comes in. It’s a free budgeting tool designed for couples. Keep reading this Zeta review to find out if it’s right for you and your partner.
Being in debt can cause mental stress, physical stress and marital stress.
Michael Lacy and his wife Taylor were under marital stress when their debt caused them more problems than they were prepared for. After some honest discussions and hardcore planning, they managed to pay off all their debt and come out stronger as a couple.
According to a recent survey by the National Association of Home Builders, more than half of Americans would consider living in a home that’s less than 600 square feet. And when you ask millennials the same question, that number jumps to 63%. So what’s fueling this interest?
Today, I’ve invited somebody on the show who lives in a 170 square foot tiny home with her husband and absolutely loves it.
Jill Sirianni is my guest today. She is a professional social worker and loves all things minimalism, tiny home living and debt freedom. She’s also the host of the Frugal Friends Podcast, which was nominated this year as the “Best New Personal Finance Podcast” by Plutus.
Her frugal advice and story has been featured in multiple popular podcasts, and recently, the Wall Street Journal.
Life changes rapidly when you have a baby. One minute you’re crying with tears of joy and the next you’re crying because work, parenthood and life have suddenly become very complicated.
How do we keep living our current lifestyle now that we’re parents?
And how are we going to manage the costs of daycare, diapers and formula?
What if I want to stay at home instead of going back to work?
I’ve invited someone on the show today who faced a lot of these challenging questions as a young mother and now she’s helping other parents figure them out as well.
Chelsea Brennan is an ex-hedge fund investor, turned full-time blogger at Smart Money Mamas. After years of working on Wall Street. She made a major life change to choose family, passion, and a positive impact on the world over money.
Her story has been featured in major media outlets like Business Insider, Penny Hoarder and Forbes. Chelsea lives in Connecticut with her husband, two boys, a puppy named Stitches and 14 crazy chickens.
With many lending companies offering convenient (yet high interest) wedding loans these days, it can be tempting to borrow money to have your ideal wedding day. After all, the average cost for a wedding is around $35,000. That’s a lot of money.
The unfortunate thing with borrowing is that debt follows us into the first days of our marriages. And with money fights being one of the top reasons for divorce, starting off with 5-figures of wedding debt might not be an ideal starting place for this lifelong partnership.
Today, I’ve invited someone on the show who’s not only experienced the emotional and financial hardships of debt, but she figured out how to combat it and eventually pay for her $40,000 wedding in cash.
Stefanie O’Connell Rodriguez is my guest today. Stefanie is a nationally recognized millennial money expert and author of the book, The Broke and Beautiful Life. Stefanie’s work & advice has been featured in The Wall Street Journal, The New York Times, USA Today, Cosmopolitan, Glamour and Oprah Magazine.
Stefanie lives in New York City with her brand new husband.
This is one of my favorite times of the year. Every 50 episodes, I have the extreme pleasure of interviewing the most important people in my world … my family. With it being episode 150 (woo hoo!), I didn’t want to pass up the chance.
We’ll start things off with my daughter Zoey. We’ll be chatting about summer, sports and how she likes to use her chore money.
My son Calvin Hill will be next and we’re going to briefly discuss Spider-man, learning to ride his bike and why we give our money to charities.
Last but not least, my final interview will be with my wife of almost 10 years, Nicole Hill. By popular demand from the MKM Community, we’ll be chatting about how embracing minimalism allows us to have a happier and less stressed home life.
Here’s an abbreviated transcript of our conversation below. Enjoy!
The Budget Party is a monthly get-together meant to set aside time for me and my wife to have important conversations about our financial future together. We review how we used our money from the previous month, what we want to do with our cash this month and how we’re tracking on our overall financial goals.
Outside of the obvious financial benefits of this activity, these meetings are great for our marriage. We discuss what’s important to us, how we’re going to get there together and how we see our relationship growing over the years to come. With two small children in the house, time for discussion is limited. The Budget Party gives us a little break and helps me feel closer to my wife.
If all this financial growth and marital relationship building stuff sounds interesting to you, I’ve compiled 10 easy steps for you to build your own Budget Party. This way, you can create your own monthly meeting and strengthen your family tree for years to come.
Married couples can sometimes have different views on money. Those opposing opinions can cause fights, arguments and in some cases, divorce.
My guest today has had a lot of experience helping couples to deal with this very issue. Dr. Laura Dabney is a certified psychiatrist based in Virginia who prides herself in helping her patients change their lives for the better. Her writing and advice have been featured in major media outlets like NBC, Bustle and Yahoo Lifestyle, as well as many other popular radio shows.
One of Dr. Dabney’s core focus areas is with marriage and relationship guidance … and we married folks could all use a little bit of that, am I right?