Associated Press Personal Finance Writer Eileen AJ Connelly interviewed me earlier this week about couples and money. Her questions were about whether joint accounts or separate accounts were better for couples to manage their money. The recent John and Kate debacle is what sparked public interest in the subject matter. But no matter what causes the attention, it’s always great to get couples talking with each other about money.
My answer: bottom line, there’s not one system that’s best for everyone. The important thing is to communicate well with each other and devise a system that makes sense to each of you and your relationship. It’s also really important that both people in the relationship are involved in managing the couple’s finances at least on some level. See her article on Oregon Live.