After sharing we were going to do some money and finance episodes on the podcast we had a listener email us a list of thought provoking and get-to-know-you money questions!
Money and finance can be touchy subjects to discuss and is one of the top THREE reasons for divorce. We want to break down the stigma that money is bad, icky and uncomfortable to discuss. It's a huge part of all of our lives, so let's be more open about it! You never know what you might learn.
**Disclaimer: There was some overlap of the audio tracks towards the end of the episode, we promise Mara is not a dick and doesn't interrupt Lisa all the time LOL
In this episode we asked each other (& answered) the following questions: (the timestamps are added before each question in case you want to skip ahead to a specific question)
(2:45) According to Nerd Wallet, the average 30-39 year old has a 401k/retirement savings of $42,400. Not including your spouse, are you on track to have $42,400 saved by the time you reach 39 y/o?
(7:15) According to CNBC, the average millennials (age 25-34) are $42,000 in debt. Are you better or worse than the average?
(10:07) Money is one of the leading issues among married people. Are you and your spouse in alignment when it comes to your financial goals, budget, views on money?
(12:00) If you have consumer debt and are trying to pay it off, what's your approach (pay highest APR first, smallest debt first, minimum balance)?
(15:57) If your spouse brought debt into the marriage (student loans, car loan, etc.), do you and your spouse treat your debts separately or do you combine and tackle your debts?
(17:11) What do you contribute to retirement? (e.g. just match companies 401k, you contribute to your own IRA, etc.)
(20:16) Do you set your own finance goals like you do your health goals? (e.g. make $75,000/yr by age 40)
(23:23) How involved in finances are you with your spouse? Do you have a date once a month to go over expenses, track spending, budget, etc.?
(26:52) What's your biggest money mistake?
(29:52) Did your parents ever teach you about personal finance?
(31:32) How do improve your financial fitness/knowledge? (books, podcasts, mentor)
(35:18) Do women talk to each other/girlfriends about finance (your salary, retirement, expenses, etc.)?
(40:38) What are your financial goals/priorities? (save for kids college, pay off debt, etc.)
(44:30) What's your strategy for building wealth? (rental homes, climb corporate latter, own business, etc.)
(47:40) Any discomfort asking each other these questions?
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Connect with us on The Gram:
@therealsassyfitgirlspodcast
@lisabowdenfit
@mara.ruttger
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