Money for Military Couples | Money for Couples, Military Edition #173

The Military Money Manual Podcast

Most couples would rather talk about their sex life with a friend than money!

What would it look like if we both felt good about money? Today we talk about how to get started with dreaming together and how to discover how to create a shared vision and discussing what kind of money stories do you want to write together as a couple

Jamie's 3 main take-aways:

1. You and your spouse have to talk about money, understand where they're coming from, and their money scripts
2. Your priorities will be different; find a way to get to a shared vision
3. Whatever system you choose, shared goals and a shared vision are MOST important

Spencer's main lessons:

1. Discover how money can be a source of collaboration between you and your partner
2. Connect with your partner and use the medium of money to do that
3. Money doesn't have to be a source of stress or strain

Other topics we discussed:

• Communication
• Dreaming conversations (visionary dreams, not costs at first)
• Be curious about why your spouse may have negative mindsets about money
• "I wonder what it would look like if we had a talk about money this week"
• Working each person's priorities into your budget with whatever system you choose
• Starting the meeting with appreciation for each other
• "A budget is a tactical solution to a psychological problem" - Ramit Sethi
• "A budget's not going to save you, but learning how to connect over money just might!" - Ramit Sethi
• Housing, transportation, and food are often the 3 biggest areas military couples often overspend in

Links:

• Money for Couples by Ramit Sethi
• The Money for Couples podcast
• Ramit's 10 Money Rules, episode 108 of our podcast
• Ramit flow chart
• @militarymoneymanual on instagram
• YNAB (military discount)
• Justin Peter's FI Minded podcast
• Money Scripts podcast episode #82 with Daniel Kopp

For a limited time, Spencer is offering one-on-one Military Money Mentor sessions! Get your personal military money and investing questions answered in a confidential coaching call.

Our new TSP course is live! Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE!

If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email [email protected].

If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com.

I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

Learn how to get your annual fees waived on premium credit cards from American Express in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.

The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.