A story about this — 5 years ago
This is an excellent book for married/committed couples who have joint finances.
Money can be a big problem for couples. Each partner may have different ideas and attitudes about money, and it may be such a hot-button issue that it becomes easiest just to ignore. The Family CFO outlines a personal finance system for couples, with these key strengths: (1) It frames discussion of family finances as if the family was a business, adopting business language to help neutralize the negative emotional aspects of money discussion. (2) It advocates a top-down approach to personal finance, encouraging you first to look at the big picture, then to break things down into smaller chunks only as necessary (thus avoiding cumbersome work over unnecessary budgeting details—what the book calls the “Dog Food Syndrome”).
This book has also been published in paperback under the title The 7 Most Important Money Decisions You’ll Ever Make. It’s a weaker title that obscures what the book is really about, but the content is the same.