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The Rachel Cruze Show

5 Ways to Maximize Your Money in a Dual-Income Household

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 11 April 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a free personalized plan.   Managing finances with your spouse doesn’t have to feel stressful! In this episode, you’ll learn five steps for navigating money together and maximizing a dual income.   Next Steps: 🎥 Watch my video How to Invest the Right Way in 2025. 📘 Get my book Know Yourself, Know Your Money. 💵 Start your free budget today. Download the EveryDollar app!   Connect With Our Sponsors:   🏥 Learn more about Christian Healthcare Ministries. 🔒 Get 20% off when you join DeleteMe.   Explore More From Ramsey Network: 🍸 Smart Money Happy Hour 🎙️ The Ramsey Show   💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman  📈 EntreLeadership   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

One thing I teach that gets tons of criticism is when I tell married couples to combine their finances.

0:12.3

So today I want to share more about how you manage and even maximize your dual income in five simple steps.

0:18.4

And be sure to like, subscribe, share the episode with a friend,

0:22.9

all the things. All right. Let's start with the controversial one. Step one, share a bank account

0:28.9

with your spouse. Listen, man, we could talk all episode about this, but honestly, there is

0:36.0

something about combining your money and saying,

0:38.5

yes, we are one. When we get married, we are not two teams running on two different paths.

0:43.8

Like, we are sharing a life together. If you can share a bed, if you can share genetics with

0:49.1

little children running around, you can share your money. And so from a tactical standpoint, it's very easy when

0:55.8

you share a bank account to know, like, what's going on in life? Because it's like, oh, I paid

0:59.3

soccer dues. The soccer schedule's coming up. Let's put that on the calendar. Like, you're just on

1:02.9

the same wavelength with your spouse knowing, like, what is happening in life. But then from a more trusting standpoint, it's just showing like, we're all in. We are all in.

1:12.9

Now, if you are in a marriage and there is addiction that's not being addressed, if there is,

1:17.7

you know, infidelity, loss of trust, possible divorce, like anything like that, abuse,

1:22.3

like if you are in a dangerous situation or a situation that you can't trust your spouse,

1:26.5

then yes, have separate accounts.

1:28.1

But if you are not in that working together, I'm telling you, when you just go all in and say,

1:32.6

yeah, we're doing this together, you're going to see more progress. Number two is intentionally

1:38.3

budgets with both incomes. So if you earn two incomes and you see both those incomes coming into the household as one

1:45.1

income, you're going to get to do a lot of things. Like that's one of the pros of getting married.

1:49.6

You got two incomes coming in. So budget them. Be intentional with where the money's going.

1:55.4

Sit down and say, hey, every single month, here's what we're going to prioritize. Every single

...

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