QoD: Do more couples in a relationship manage their finances jointly OR separately from their partner?

Oct 22, 2019
Question of the Day, Behavioral Finance
Answer: Jointly (78%) vs. Separately (22%)
  • Which do you think will make more sense for you in future relationships: managing financial accounts together as a couple or separately? Explain.
  • For those couples who manage their money jointly, what do you think can be causes of stress? 
  • For those who manage their money separately, what can be sources of tension? 
  • Do you think that it's important for a couple to have similar attitudes about money? Why or why not? 
Behind the numbers (PolicyGenius)
Policygenius found a majority of couples are tackling finances together: 78% keep and manage joint finances, while only 16% don't know core financial facts about their partner. Overall, 22% of people manage money separately from their partner, consistent with the 21% who said they managed money separately from their partner in 2018.
Want to delve into this topic more deeply? Check out our lesson on Family, Friends and Money

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.