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NerdWallet's Smart Money Podcast

Cross-Country Moving Tips and What a CFPB Shutdown Could Mean for You

13 Feb 2025

Transcription

What financial considerations should be made for a cross-country move?

1065.901 - 1066.922

Hey, Sean. Hi, David.

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1067.421 - 1085.397 Sean Pyles

So David, before we get into the conversation, I want to remind you that everything we're about to discuss is just for educational and entertainment purposes. We are not here to give you specific financial or investing advice, but instead provide you with information so that you can make your own smarter financial decisions. Sound good? Sounds great. Perfect.

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1085.818 - 1093.805 Sean Pyles

Let's start by digging into your financial life generally. How do you and your wife manage your household finances? How are you feeling about things financially?

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1094.383 - 1112.499 David

Yeah, we manage a lot of things in a unique way. I do feel like that's something different about us is that we've never merged our finances. I take care of the mortgage, she takes care of utilities. And we both kind of have our own separate accounts, which I do feel like might complicate the cross country move logistics.

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1112.879 - 1118.244 Sean Pyles

Do you end up Venmoing each other or finding some way to send cash back and forth when you're covering expenses?

1119.167 - 1131.236 David

I'm proud that we do not Venmo or Zelle each other. I know there are some couples that do, but no, we're not at that level. But we've kind of just always had the you take care of this, I take care of that. We both in general feel that that's a fair way to do it.

1131.756 - 1142.644 Sean Pyles

And what about your income levels? Because I know with some couples, if one person is earning more than another, they might cover certain things and the person who's earning less might cover less. How does that break down for you guys?

1143.064 - 1158.538 David

I think we're both making about the same amount. I might make maybe 10 or 20 percent more. But again, we've always done it the way that we do it. And I've not felt the need to bring up or cause a major problem. change as we prepare for what could be a cross country move.

1159.178 - 1168.602 Sean Pyles

Right. Yeah. And we'll get into that in just a second here. But I'm wondering also, how do you feel like you're doing financially? Do you think things are going well? Do you think there are areas where things could be better?

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