You Spent How Much? How Tightwads and Spendthrifts Can Coexist In A Relationship with Scott Rick

Raise your hand. Are you the tightwad or the spendthrift in your relationship? I have to admit, I’m mostly the tightwad but don’t get me wrong, I do love to spend money too. Get this, tightwads are more likely to marry spendthrifts than they are to marry someone like themselves. That’s what motivated our guest, Scott Rick, a behavioral scientist at the University of Michigan’s Ross School of Business to write his new book TIGHTWADS AND SPENDTHRIFTS: Navigating the Money Minefield in Real Relationships. He was in search of one answer: can seemingly opposing financial personalities coexist peacefully? In this episode, we’re going to talk about it all. How do you make peace with your partner, what is Financial infidelity, why financial translucency aka not sharing all the details of what we spend our money on could save a lot of partnerships, and how to talk to your kids about money so they don’t mimic your tightwadness or spendthriftness. Grab your partner, or just slide this episode their way after you listen. It’s a great way to open up a money conversation.  Links Tightwads and Spendthrifts book Scott's website SPONSORS Thanks to Monarch for sponsoring the show. ​​After trying out Monarch for myself, I understand why it’s the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM.  Thanks to Uncommon Goods for sponsoring the show. Get 15% off your next gift by going to www.uncommongoods.com/ETM.  Thanks to EarnIn for sponsoring the show. Just download the EarnIn app in Google Play of the Apple App store and use code Talkin Money under Podcast. Thanks to Noom for sponsoring the show. Start taking control of your weight management and join the millions who have lost weight with Noom. Sign up for your TRIAL today at www.noom.com.   Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. How To Connect with Shannah: Download 10 Money Questions to Ask Yourself Free Money Guide https://etmpod.link/10moneyq  Ask Shannah a question on Instagram https://www.instagram.com/shannahgame/  Submit a money question for Shannah to answer in an upcoming episode https://tinyurl.com/askshannahq  Leave a 5-star Review here https://ratethispodcast.com/etm  Learn more about your ad choices. Visit megaphone.fm/adchoices