31. “Shopping at Target is like visiting a casino to me”
Lindsey had never been in any significant debt before she met John. But when they married, he brought in his $200k in student loans and credit card debt. She earns a lot more money than he does, but he refuses to let her pay the debt off because it’s his problem, not hers. But he isn’t doing anything to pay it off either.
Money For Couples with Ramit Sethi
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Show Notes
Lindsey and John are stuck. Despite earning a joint income of $150,000, John’s debt is crippling their relationship and financial future. They respond by self-soothing. John runs on auto-pilot avoidance strategies and refuses to get honest about his situation. Lindsey distracts herself with mindless spending sprees at Target.
But neither are working together on a sustainable solution. It’s time to get honest.
Lindsey and John are unsophisticated with their income and spending. If they want to become confident with money, they must become competent first. That means no more excuses for inaction.
Let’s see what that looks like for Lindsey and John.
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