Looks like you and me getting the Aussie goss from the same news.com.au. :D

I agree that sadly it's her fault and she is totally to blame as there is plenty of resources out there that advise you how to try to manage your money. The first article I read before buying my place was to assume you have enough to cover a 2-3% increase in your home loan rate. The reason being is that the worse thing then being in debt is financial stress. If you can't afford it, really please do not buy it.

My wife is similar to yours, maybe only 10% interested in the household finances. Only time she takes notice is when I tell her to reduce the amount we spend on takeaway or eating out.... Flip side though, would you actually want your wife to be fully in your face with the finances. That would mean you have to make more disclosures on your "alternative" investment..... !LOL

Sounds like we have even more in common that I thought before.  My wife is the same way.  When we got together she was more than happy to let me take over the finances. I still try to keep her updated, but she often looks at me like why are you telling me this, I don't care!  

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Funny I also did a reflective post today and no way am I selling as I have come too far to even consider this. I would rather be in debt than sell my crypto and that is kind of nuts but this is the future we are dealing with right here.

I will share you in my country economy condition. In Pakistan day by day food prices going very high and poor can't survive. Basic salery of a person is 20 thousand prk and cocking oil price is 5 hundred. Petrol price increase 80'/'.

When you said 
> Society seems to be losing what little economic literacy we once held and instead are making ever worse decisions based on emotional conditions, rather than what the actual "reality" of the market might be.

All I could think about is how cuddled the world is and how much we encourage cuddling people from the realities of life. One major reality about life is that it is hard. It always has been and it always will be.

In the past, people had similar difficulties getting financial education except it was worse going through a library when now all you need to do is check google and you might even find a coach around your area that is willing to guide you for a significantly less price than you would if you factor in inflation.

I think times are harder now because we have really made it that way for ourselves and a big part of that is telling people it is okay to be irresponsible so long as the situation was hurting you.

I think right now is the best time for people to seek to diversify their income sources and possibly reinvest in crypto. If we hold on the FUD it will just eat us up.

The crypto market is not perfect but I think it is very clear that stocks and commodities have even worse players with more influence than the crypto market has gathered.

I hope things get better soon. I'm tired of holding on too...But I hope we can stay strong because we need each other here. We need to finish building this thing we started building.

Fud Will kill us, well as people say, just hold on, hold on.

I am lucky, as my wife has solid financial education, and likes to save, and so am I. So we are kind of aligned when is to expenses, we do not want to pay too much money on something that is not worth it, and so on. We do make some faces (you know, that couple telepathy, when you communicate with grimaces) when we see other couples, where one is money-savy, and another money-spending. I think it is difficult to be in a relationship like this, but everyone can educate himself/herself when it is to personal finance.

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I don't know why most people shy away from discussing their finances. 

For some, Money discussion breeds a lot of negative feelings. I guess this is one of the reasons people barely talk about it. 

Even though it would help them figure out the best possible way to go through their financial journey. 

Managing finances are tough and from the videos that I have seen about house buying, it's to get a fixed rate mortgage. I am not sure why the person went with something that goes up based on the rates.

I have to say that cutting back and living somewhat minimally has worked out well and making sure I have enough of a emergency fund helps

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I agree with your wife on the debt aspect. I have no debt, and my life is better now than back when I owed hundreds of thousands for mortgages, cars and credit cards. I feel safer too. Perhaps the next time there's a high, you might consider liquidating some to reduce your debt. 

I've "lost" quite a bit in bitcoin since June, when I first started buying in earnest. But I know that, in time, I will be very glad I did it. And I am prepared to buy even more if the lows that are being predicted come to pass. So, I'm in a great position - whichever way it goes, I'll be happy. 

Except for two young men (both ex-boyfriends of my daughter's who made fortunes in bitcoin), I am the only person I know in the flesh who has crypto of any kind. My friends think I'm insane. I tell them I see it as diversifying. They say "but what can you do with it?" and I bring up a list of the businesses nearby that take it as payment. They say "but how can I live without a credit card", and I show them that there are crypto credit cards. It's astonishing how little people know about crypto compared to me, and I know hardly anything. 

I believe that the fact that we don't talk about our financial situations is also due to not having a real financial education. I would even teach it in schools, it would probably be much more useful than some subjects taught today... at least here in Italian schools. However we are in the same boat, even my wife has zero interest in the economy, but she knows how to manage money well eh eh!

I like reading posts like this and basically ignore all the FUD posts otherwise I'll cash out 😂😂

Your wife prob doesn't need financial literacy as that's your job! 

Omg I can't believe people got mortgages when rumours of interest rate hikes were RIGHT THERE. Were they too busy on reels and tik tok? Fuck me. 1.5m mates paid for an old self build weatherboard house on 10 acres that was 300 k five years ago. She was moaning about interest rates and I had to bite my tongue. Still, we live in am area where it's unlikely prices will drop much and there's plenty of rich people selling up in Melbs to move to coast. Demographics totally changed.