149. We have no savings but bought our kid a $500 toy for Christmas (Part 1)

Published: March 26, 2024, 10 a.m.

b'Elizabeth and Jonathan are in their mid-thirties, have been married for 13 years, and share a young daughter. They bought a starter home after getting married, but expensive renovations are still underway. They struggle with debt and spend a lot on their child. They\\u2019re wondering\\u2014is this it?\\nThis episode is brought to you by:\\nViator | Download the Viator app and use code VIATOR10 for 10% off your first travel experience with Viator.\\nLMNT | Right now, LMNT is offering 8 single serving packets FREE with any LMNT order. This is a great way to try all 8 flavors. Get yours at https://drinklmnt.com/RAMIT.\\nFacet | Get affordable, accessible financial planning with a flat fee membership. For a limited time, the $250 enrollment fee will be waived when you sign up at https://facet.com/ramit.\\nSuperhuman | Get a free month of lightning fast email at https://try.sprh.mn/ramitsethi.\\nRocket Money | Stop throwing your money away. Cancel unwanted subscriptions \\u2013 and manage your expenses the easy way \\u2013 by going to https://rocketmoney.com/ramit.\\nLinks mentioned in this episode\\n\\u2022 \\u201cWe\\u2019re broke, but I spend $350/mo on clothes\\u201d (Part 2)\\nConnect with Ramit\\n\\u2022 Get the Podcast Newsletter and exclusive Q&A about the show\\n\\u2022\\xa0Get Money Coaching with Ramit\\xa0\\n\\u2022\\xa0Download the Conscious Spending Plan\\n\\u2022\\xa0Listen to my book\\u2014now on Audible\\n\\u2022\\xa0Get my New York Times best-selling book\\n\\u2022\\xa0Get my no-numbers journal\\n\\u2022\\xa0Other episodes\\n\\u2022\\xa0Instagram\\n\\u2022\\xa0Twitter\\n\\u2022\\xa0YouTube\\n\\u2022\\xa0Submit a question for the newsletter iwt.com/askramit\\xa0\\nIf 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.\\nProduced by Crate Media.'