If you've ever wondered about the feelings you or your partner have when spending money, listen to this episode with Scott Rick, Associate Professor of Marketing from the University of Michigan, and author of the book Tightwads and Spendthrifts: Navigating the Money Minefield in Real Relationships.

In our conversation, Scott explains his definition of a tightwad and spendthrift before we move on to discuss:

• Dating advice in the context of spending types
• Attraction tendencies between spending types
• Spending on engagement rings and weddings

We move on to the issue of combining money in relationships and a discussion of the study Prof. Rick co-authored exploring using joint vs separate bank accounts. Listen to learn which option led to greater happiness, and why complete financial transparency can be problematic.

Another tricky financial topic for couples to navigate is purchasing gifts, so we dive into how spending types impact the way you and your partner select gifts, and we provide some gift-giving advice.

Lastly, we wrap up our conversation with a great practical piece of advice from Prof. Rick on how to navigate spending disagreements between tightwads and spendthrifts.

If you like what you heard...

• Follow Practically Married with Paula Holt on your favorite podcast platform to get every episode!
• Visit PracticallyMarried.net/Newsletter to sign up and receive even more relationship info and resources!
• Follow @getpracticallymarried on Instagram to tell us about your experiences using the strategies you hear on the show!

Edited by Veronica Gruba
Music by Sage Holt-Hall

So this episode is a bit different because today, I'm answering the questions!

A few months ago, I was fortunate to be a guest on the Price of Avocado Toast podcast with hosts Haley and Justin Brown-Woods. Haley and Justin are a married millennial couple who want to normalize conversations about money, and they demonstrate that by sharing their own financial journey. I enjoyed talking with them so much, I wanted to share the conversation with Practically Married with Paula Holt listeners.

On the episode, I shared the origin story of Practically Married before discussing important topics engaged couples need to address including:

• Sharing money histories
• Getting financially "naked"
• Deciding on how to combine money
• Setting financial goals

To learn more about the work of Haley and Justin, check out their podcast, Price of Avocado Toast. Additionally, you can get support from them directly through their academy and coaching programs.

If you like what you heard...

• Follow Practically Married with Paula Holt on your favorite podcast platform to get every episode!
• Visit PracticallyMarried.net/Newsletter to sign up and receive even more relationship info and resources!
• Follow @getpracticallymarried on Instagram to tell us about your experiences using the strategies you hear on the show!

Edited by Veronica Gruba
Music by Sage Holt-Hall

Just a quick episode about the upcoming season...and it's probably not the one you think!

If you like what you heard...

• Follow Practically Married with Paula Holt on your favorite podcast platform to get every episode!
• Visit PracticallyMarried.net/Newsletter to sign up and receive even more relationship info and resources!
• Follow @getpracticallymarried on Instagram to tell us about your experiences using the strategies you hear on the show!

Edited by Veronica Gruba
Music by Sage Holt-Hall