When My Money And Your Money Becomes Our Money

This article in the Wall Street Journal speaks on the benefits of couples combining their finances…if they can get past the initial roadblocks. Couples resist pooling their finances because they feel like they may lose control over “their” money.

For all of these couples, the trick is to get the benefits of a financial union while minimizing the emotional roadblocks that come with the fear of losing independence and control, say financial advisers and couples therapists. “When one’s a saver and one’s a spender, each just thinks the other is a jerk,” says Adam Kol, owner of AHK Coaching LLC in Oakland, Calif., who counsels couples on how to discuss and work through financial issues.

Read more from The Wall Street Journal…

 

OWM provides financial planning, investment management, and retirement coaching to affluent individuals, business owners, and families.