Financial empowerment coach Selina Gray says discussing money with children from a young age is essential because the narratives we have developed around money — that it doesn't grow on trees; it's a struggle; or it is meant to be saved — are developed early on.

Having one joint account can be convenient, but it also comes with substantial risks.

"Looking back, I can't help but wonder what Kevin and I could have done differently to avoid... money tension in our relationship."