43. “Our $300k income is variable and declining but we aren’t adjusting our lifestyle”

43. “Our $300k income is variable and declining but we aren’t adjusting our lifestyle”

How do you manage your finances when your monthly pay is inconsistent? Vince makes around $300k a year in the mortgage industry, while Kasey focuses on raising their kids at home. Despite that rather high average income, the actual monthly takeaway is incredibly variable—one month could be $25k, the next month just $2k. That uncertainty is causing Kasey a lot of stress. On top of that, Vince’s income has been steadily decreasing. Vince chooses to remain positive; Kasey is afraid of the worst happening. But neither of them is willing to look at what they will do if that worst-case scenario does happen. When times are good, they spend guilt-free. But when times aren’t as good, they begin to worry that they’ll never come back out of that hole. There are reasonable concerns when it comes to not knowing how much money you will have coming in month to month. There are also ways to work around this. Let’s find out exactly how worried Kasey and Vince should be, and what they can do to set themselves up to feel more secure. Connect with Ramit Website Instagram Twitter Facebook YouTube Linkedin If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here. Produced by Crate Media.

Jaksot(257)

8. “My wife is spending too much money”

8. “My wife is spending too much money”

Natalia prioritizes experiences over finances. She doesn’t want to miss out on life, so if she wants to visit her family, she doesn’t wait to check their budget -- she gets on a plane. Andres, on the ...

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7. “My parents keep expecting us to pay for them”

7. “My parents keep expecting us to pay for them”

Barry is a first-generation Pakistani immigrant. His wife, Maria, is also Pakistani and was born and raised in the United States. Cultural expectations are making it difficult to get aligned on their ...

31 Elo 202147min

6. “We can’t afford to live in NYC, but my wife doesn’t want to leave the city”

6. “We can’t afford to live in NYC, but my wife doesn’t want to leave the city”

Jessica grew up wealthy in New York City. She can't imagine her life anywhere that's not within walking distance to the coffee shop, the best schools, and her parents (who live two blocks away). Her h...

24 Elo 202146min

5. “I paid off $50,000 of debt, but I still feel guilty buying toothpaste”

5. “I paid off $50,000 of debt, but I still feel guilty buying toothpaste”

Sheena has paid off a huge chunk of her student debt. Peter wants to plan a trip to Japan for their 10th anniversary and decorate their apartment, but Sheena’s first reaction is, “How will we afford i...

17 Elo 202137min

4. “My wife didn’t know I had $450,000 of debt until yesterday”

4. “My wife didn’t know I had $450,000 of debt until yesterday”

John has a lot of debt. Wendy knew about the $450k he owed when they started their relationship, over ten years ago, but she only found out what the current number is the day before their call with me...

10 Elo 202149min

3. “My husband is going broke, but he won’t let me help”

3. “My husband is going broke, but he won’t let me help”

Calvin feels he needs to be the “man of the house” and pay for everything. There’s just one problem: He can’t afford it. Every month he’s in the red, leading him to be anxious around money. Chantha li...

6 Elo 202146min

2. “We’re worth $1 million, but we're so cheap, our friends don't want to see us anymore”

2. “We’re worth $1 million, but we're so cheap, our friends don't want to see us anymore”

Ashley and Greg have a household income of over $250,000 and a net worth of over one million dollars. They’ve developed a reputation for being cheapskates. Not only do their friends and family say tha...

5 Elo 202155min

1. “My husband doesn’t trust me to run our business”

1. “My husband doesn’t trust me to run our business”

Alyssa and Ilan have been in a relationship since 2007 and are now married. They both lost their jobs during the pandemic, but acting on their feet, launched a highly successful baklava business which...

4 Elo 202151min

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