The benefits of joint and separate financial management of couples

by Fred van Raaij, Gerrit Antonides & Manon de Groot
Posted on May 08, 2019

Every household has its own way of managing finances. In some households, partners make use of a joint bank account. Financial decisions are then made together or predominantly by one of the partners. In others households, money management is more autonomic: both partners have their own bank account and make decisions on their own. How do these management styles affect households' finances, including, for example, monthly savings and debt?

Prof. Dr. Fred van Raaij, Prof. Dr. Gerrit Antonides and Dr. Manon de Groot investigated this question in a recent study among Dutch household members. They tested the relationship between type of household (e.g., marital status, children), people's financial behaviour (e.g., quality of financial management, budgeting) and financial outcomes (e.g., monthly savings, total debts).

Interestingly, the study shows that having a joint bank account as well as making financial decisions together are correlated with fewer financial problems compared to male-dominant money management and having separate bank accounts.

Curious to find out how the authors explain these findings? Read the full report here: