Financial Expert's Tips to Eliminate Money Stress for Couples

Financial expert Ramit Sethi offers practical advice for couples looking to improve their financial well-being. Sethi's insights focus on budgeting and investment strategies, helping couples avoid common money-related stress. He suggests allocating 50-60% of post-tax income to essential expenses, 5-10% to savings, and another 5-10% to investments. The remaining portion, he says, can be used for discretionary spending. "The crux of why couples are stressed out about money," Sethi explains, "is because they are spending too much on fixed costs." He encourages couples to automate their savings and investments to avoid the stress of manual tracking. This structured approach, Sethi suggests, allows couples to enjoy their discretionary funds guilt-free, leading to improved financial health and relationship harmony.