1968: Ask Farnoosh: Love, Money and the Cost of Connection

Key Takeaways

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  File extensions to fund SEP IRAs later

  “If you’re self-employed, it could buy you months of extra time to fund a SEP IRA and lower your tax bill.”

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  Treat tax refunds as a second chance

  “Think about your tax refund: how to use it wisely... why it’s not a bonus… it’s a second chance.”

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  Inflation is making social lives prohibitively expensive

  “It’s getting really expensive just to have a social life.”

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  Costs are forcing people to stop dating

  “56% of Americans say rising costs are changing how often they go on dates, and more than 1 in 4 have stopped dating altogether to save money.”

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  Align financial values with dating life

  “Align your financial values with your personal life.”

Episode Description

This episode is brought to us by Louis Jadot, a thoughtful way to elevate date night without overspending. On this week’s Ask Farnoosh, we’re getting real about last-minute tax strategy, including why filing an extension might actually be one of the smartest financial moves you can make. (Hint: if you’re self-employed, it could buy you months of extra time to fund a SEP IRA and lower your tax bill.) We’ll also break down how to think about your tax refund: how to use it wisely, where to prioritize, and why it’s not a bonus… it’s a second chance. And then, we zoom out to something a lot of us are quietly feeling: it’s getting really expensive just to have a social life. Dating. Relationships. Even grabbing dinner with friends. New data from Louis Jadot reveals that 56% of Americans say rising costs are changing how often they go on dates, and more than 1 in 4 have stopped dating altogether to save money. Welcome to the era of loveflation. In this episode, we unpack what that means for your wallet and your relationships, how to stay connected without overspending, how to navigate who pays on a date, and how to align your financial values with your personal life. Plus, at the end: my honest take on who should pay on the first date, and how to handle it without making things awkward.   Hosted on Acast. See acast.com/privacy for more information.