One of the main reasons why couples fail financially is due to a lack of spousal teamwork. When only one spouse manages the household finances, very serious problems can arise. Poor decisions can be made, and the spouse who is not involved is left in the dark regarding the true financial status of the family. Long story short, both spouses need to be on the same page when it comes to the money in your household.

There are many reasons why it is best for spouses to work as partners with the family finances, and host Lou Scatigna, CFP® addresses some of those key points in this segment from The Financial Physician.