How To Start Having Fun When Talking About Money, According to Ramit Sethi
Written by
Adam Palasciano
Edited by
Amen Oyiboke
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Money makes the world round as they say. We all need to earn it and spend it to keep going in this crazy life. But, so many Americans never speak about saving money when growing up.
According to Fidelity Investment’s 2024 State of Wealth Mobility Study, 56% of Americans report they did not discuss family finances with their parents when they were children. Among this group, 82% wish their parents had spoken to them about finances, as it would be beneficial to have received a financial education at an earlier age.
There’s no doubt that not talking about money from a young age can cause serious problems as you get older. If you don’t understand the importance of balancing your savings and spending or how to use credit cards, you may find yourself with no savings and a ton of debt as you get older. However, talking about money doesn’t have to be as uncomfortable as you think.
Here’s one smart way to start having fun when talking about money, according to financial guru Ramit Sethi.
Practice the ’10-Year Bucket List Exercise’
By starting with the 10-year bucket list exercise, you can make talking about money easier and more fun.
Start here: sit down with your significant other and write down the things you both want to do within the next 10 years that would make the next decade extremely meaningful. Whether it’s stuff you’d like to do for yourself or experiences you’d like to do together, learning about each other’s goals and dreams can bring you closer together.
Then, pick one experience you feel is the most meaningful to both of you. From there, estimate the cost, plan out when you want to accomplish it, and calculate how much you might need to save every single month to achieve your goal.
By setting expectations (and building anticipation), you can start to make talking about and saving money fun and more enjoyable. If you get more comfortable with talking about money, it’ll be easier to start talking about saving, spending, saving for retirement, and more.
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