Money for couples No more stress, no more fights, just a 10-step plan to create your rich life together

Ramit Sethi

Book - 2024

"From personal finance juggernaut Ramit Sethi, here is the definitive book about a defining challenge for millions of people: navigating the tricky waters of money in a serious relationship. Drawing on Ramit's deep experience working with thousands of couples, this book will help readers go from financial frustration to joy and possibility as they finally discover a way to connect over money. Ramit's 10-step program addresses the common money issues in relationships: how to stop fighting over money; how to get both partners to participate in the finances; how to handle the situation when one partner is a saver and the other a spender; and how to take control of too much debt. There are no boring budgets or restrictive plans i...n this book. Readers begin by identifying their "Rich Life"-a vision of the kind of amazing life you want to live with your partner-including word-for-word scripts to have these conversations together. They are then gently guided to analyze their own spending and understand their money psychology: why they see money differently than their partner, how their childhood affects their view of money, and how to eliminate the day-to-day money fights. Packed with juicy, enlightening real-world stories, answers to the most common questions (how much to invest, how to teach children about money, whether to sign a prenup), and step-by-step scripts for navigating tricky conversations, Money for Couples helps readers become competent both as financial managers and as kind, caring, and open communicators with their partners. Your relationship is too important for guilt, resentment, or fighting over $20 purchases. This book will show you how to use your money to live a more adventurous, spontaneous, and generous life-together"--

Saved in:
1 copy ordered
Subjects
Published
New York : Workman Publishing [2024]
Language
English
Main Author
Ramit Sethi (author)
Item Description
Includes index.
Physical Description
320 p.
ISBN
9781523523689
Contents unavailable.
Review by Booklist Review

Readers will recognize Sethi as a New York Times best-selling author (I Will Teach You to Be Rich, 2009) and host of Netflix's How to Get Rich and welcome his newest book focusing on money. It guides couples on how they can use his 10-step plan to talk about money and develop a shared financial vision. The first part of the book includes helpful tips and scripts to get couples in a positive routine about discussing money. One example: set a daily spending limit, like $20, and honor that value to each other. Sethi also offers advice for setting up accounts, like having automatic payments put into separate accounts for a down payment for a house, an emergency fund, and a vacation. Part two focuses on topics such as getting out of debt, thinking about prenups, and talking to kids about money. To wrap up, he includes advice from "The Vault"--tips for using credit cards, investing in a Roth IRA, tipping, and more. This money guru's book is sure to be popular with couples and those entering into serious relationships.

From Booklist, Copyright (c) American Library Association. Used with permission.
Review by Publisher's Weekly Review

This solid manual from Sethi (I Will Teach You to Be Rich), host of the Netflix series How to Get Rich, outlines 10 tips to help romantic partners get on the same page about their finances. Sethi recommends partners develop a financial plan by discussing how they currently feel about money and what might help them feel better. Many couples can afford more of what they love by cutting back "mercilessly" on less important expenses, he contends, suggesting readers might free up money by eating out less or downsizing their housing, depending on their priorities. His "conscious spending plan" encourages directing 50% of one's income to necessities, 10% to short-term savings, 10% to long-term investments, and 30% to whatever one wants. Sethi's emphasis on positioning oneself to "spend extravagantly" on favored items is a welcome departure from the asceticism espoused by other guides, and discussions of how to talk about getting a prenup, set up joint bank accounts, and navigate buying a house provide valuable tips on common financial quagmires (raise the issue of a prenup "when things are getting serious but before getting engaged," he recommends). This will be a balm for anyone who's struggled to see eye to eye with their partner about money. (Dec.)

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