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EP: 013 Love & Money: How Joint Bank Accounts Help Your Marriage w/ Jenny Olson
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Merging your finances and having joint bank accounts when you get engaged or married might seem like a good idea. But it turns out that it's actually backed by science as well!
I sat down with Jenny Olson, Assistant Professor of Marketing at Indiana University's Kelley School of Business to discuss her work around all things couples and money, but specifically...
- Combining finances and joint bank accounts.
- The reasons joint bank accounts are beneficial to relationships.
- The Connubial Crucible (aka the first 2 years of marriage).
- Financial Infidelity and the impact on a relationship.
.... and much more.
READ+LISTEN+LEARN:
If you want to dig into the research and check out Jenny and her colleague's studies you can find them here:
- "Common Cents: Bank Account Structure and Couples' Relationship Dynamics"
- "Loves, Lies & Money: Financial Infidelity in Romantic Relationships"
Jenny also recommends:
- "Tightwads and Spendthrifts: Navigating the Money Minefield in Real Relationships", by Scott Rick
- "The All-or-Nothing Marriage: How the Best Marriages Work", by Eli J. Finkle
WELLBEING:
- Jenny loves "artisanal lattes and reflections at coffee shops", writing poetry and posting on Instagram (which was great to hear coming from a behavioral scientist!)
FIND HER AT:
ABOUT ME:
My name is Jim Grace and I am a CFP®️ (Certified Financial Planner) and the Director of Wealth Management at Silver Pine Capital, LLC. (www.silverpinecapital.com) a registered investment advisory firm in Medfield, Massachusetts.
In my spare time I host a podcast and write about Financial Wellness & Wellbeing. Check out some of my other work @ www.ModernFinancialWellness.com. On the website I try to unpack each episode a little further and also spotlight any other resources I think might be helpful to anyone trying to feel better about their finances.
https://www.instagram.com/modernfinancialwellness/
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