Latest / Money For Couples with Ramit Sethi
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…
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