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September 29, 2006, Newsletter Issue #143: What Is A Shared Management System?

1

Tip of the Week

A shared management system in marriage can teach a couple how to share money. This can bring a couple together or tear them apart depending on whether they learn how to be responsible together. A shared management system is an income management system in which (1) both incomes are deposited in a joint account, (2) both partners have equal access to this account, (3) both partners assume responsibility for managing the account, (4) household expenditures are randomly managed by either spouse.

Source: "For Love and Money" by Dr. Bernard Poduska, 1995



2

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