NerdWallet's Smart Money Podcast
What to do When Groceries Cost More and Retirement Feels Out of Reach
13 Mar 2025
How do tariffs affect grocery prices?
So just to clarify, you said that you have one of only 15 full time church jobs in your area. Is that musicians or just all church jobs?
Musicians.
So there might not be a lot of other options if you do need to find a new job at a different church or something.
No. And I have been thinking outside the box, like asking two churches, like, hey, would you be willing to pay for me part time and come together for benefits? It's the whole benefits thing that we both are also concerned about as we both head into our 50s and 60s, knowing as you age, you need medical insurance.
I think, Amy, the things that you're thinking about are valid. And I also want to validate you by saying my retirement number was around two million something. And I was like, well, how the heck am I supposed to save all that money? So I understand how it feels to be freaked out by the number that you get. But I also want to ask you, How do you and your husband manage your household finances?
And also kudos to y'all because it's not easy being a full-time gig worker or entrepreneur or creative and having that uncertainty. So how do you guys navigate managing your household finances with your income?
I actually have the house in my name, so I pay the mortgage. My husband takes care of utilities and that kind of stuff. He also takes care of our bundled insurance, which is really helpful. We both have health insurance through our jobs, so that's taken care of, and it's a low deductible. We pretty much split stuff down the middle, and we have not combined our finances.
We got married later in life, and he was coming from a divorce situation, and I had been single my entire life up until about 38 years old. I was not gung-ho to like, hey, let's mix all the finances together, and neither was he. We both wanted to keep things separate. Although I think Wisconsin's a common law. I don't know if that's the right word.
Things are in common, so if one of us were to pass away suddenly, the other would inherit.
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