Nick Andrews

The Secret to Successfully Managing Money as a Couple

Most everyone agrees that money is the number one thing that couples fight about and is a leading cause of divorce. With that in mind, one of the early challenges my wife (fiancé at the time) and I faced as we planned our future together was how to approach the financial side of our upcoming life together. We’d seen how friends and family approach it, including a few instances of how ugly couples finance can be, and wanted to come up with something better. We started out by thinking through what we liked and didn’t like about how others do it, and ultimately landed on a “family income” approach and began using our newly coined “Frivolous Accounts.” Keep in mind that this all took place before we were married when we were both working very entry level jobs and had no children but it has been time tested as we continued using the same approach through the early years of our marriage, through several moves, and for a few years after our daughter was born.