How to get 'financially naked' with your partner
3/31/202622 min
How much money do you make? What assets and debts do you have? What are your spending habits? These are all questions you should ask your partner, says Vivian Tu, founder of Your Rich BFF, a financial education company. In this episode, host Marielle Segarra talks with Tu about how to get “financially naked” with your partner, whether you just started dating or have been together for years.
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Transcript preview
First 90 secondsSpeaker 00:00
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Marielle Segarra· Host0:16
Hey, before we start the show, real quick, what's your favorite thing about Life Kit? Does our show help you save a little money or make better decisions about your health? Does it just make life a little easier? If you love Life Kit, why not take a moment to rate and review us in your podcast app? That helps other people find us. Thanks for listening. You're listening to Life Kit [upbeat music] from NPR. Hey, it's Marielle. When Vivian Tu first got financially naked in front of her partner, it was out of desperation. She and her roommate had moved into a roach-infested apartment in New York City.
Vivian Tu· Guest0:55
These roaches were getting into everything. They were in our clothes. They were crawling all over our food. One of them died in our ice tray. Ultimately, we had to pay eight thousand dollars in total, so for her, for me, to break our lease. And that was all the money that I had saved after a year of working. And I had nothing left.
Marielle Segarra· Host1:16
So she temporarily moved into her then-boyfriend, now husband's apartment.
Vivian Tu· Guest1:20
And I had to sit him down, and I had to be like, "I have no money. I am broke. I don't have any debt. This is how much I spend every month.