Why his his bank account logged into her phone? Are joint bank accounts really a thing, or are the wife and I the weird ones for keeping our finances separate?
All our accounts are totally joint and wife and I carry basically the same credit cards. No reason to be separate IMO. Only need one check book that way and I can pay all the bills for all the cards in one place.
What if one one of you wants to make an expensive purchase? The wife and I avoid a lot of arguments when we can’t tell each other how to spend our own money. If I want to build a new PC? No problem! She wants to spend $500 on skincare products? Go for it.
Some couples see the money they earn as part of the whole, there is no my money and their money. It can make sense for some for sure, in my relationship its easier to just have our money, and it doesnt really matter where it comes from.
We also expect large purchases to be discussed first, outside of like presents and surprises of course.
Expensive is pretty subjective. Anything less than about $200 no discussion required. Above that, we usually have a courtesy conversation. We’ve never had a hard no spending if one of us really wants or needs something, but a required justification or notice prevents impulse buys.
Joint also doesn’t mean you can’t have an account (or a bucket or a tally) where you save for something you want, it just means it’s not a secret.
my wife and I are joint, just easier that way. what surprises me more is that someone would set up alerts for the low expense levels that would be triggered by Taco bell.
I don’t really understand why folks would do separate it just seems like more trouble for no benefit unless there has been a specific reason or issues to trigger that.
(for example my dad and stepmom had separate accounts after she spent so much one Christmas that I had to pay their rent)
what surprises me more is that someone would set up alerts for the low expense levels that would be triggered by Taco bell
I’ve had banking apps that sent you a notification when something was charged from the account. Helps keep track of the money since there’s some automatic charges.
You’re not the weird ones. I used to have joint accounts with my then-wife, but I’ll never do that again. Mainly because I will never marry again (ridiculous concept if you ask me - the government charging you money so that they can approve your relationship is bananas to me, and then paying them more to dissolve it if it doesn’t work out), but also because I haven’t met many people out there who manage their own money well, so why would I ever put them in a position of control over the money I earn?
I know someone who’s husband would go to taco bell in secret and she would see the charge alerts on her phone.
Why his his bank account logged into her phone? Are joint bank accounts really a thing, or are the wife and I the weird ones for keeping our finances separate?
All our accounts are totally joint and wife and I carry basically the same credit cards. No reason to be separate IMO. Only need one check book that way and I can pay all the bills for all the cards in one place.
What if one one of you wants to make an expensive purchase? The wife and I avoid a lot of arguments when we can’t tell each other how to spend our own money. If I want to build a new PC? No problem! She wants to spend $500 on skincare products? Go for it.
Some couples see the money they earn as part of the whole, there is no my money and their money. It can make sense for some for sure, in my relationship its easier to just have our money, and it doesnt really matter where it comes from.
We also expect large purchases to be discussed first, outside of like presents and surprises of course.
Expensive is pretty subjective. Anything less than about $200 no discussion required. Above that, we usually have a courtesy conversation. We’ve never had a hard no spending if one of us really wants or needs something, but a required justification or notice prevents impulse buys.
Joint also doesn’t mean you can’t have an account (or a bucket or a tally) where you save for something you want, it just means it’s not a secret.
We just discuss these things and come to some sort of agreement.
Well if you have kids and/or need to budget as a household you kind of need to work together a bit to maintain that budget.
my wife and I are joint, just easier that way. what surprises me more is that someone would set up alerts for the low expense levels that would be triggered by Taco bell.
I don’t really understand why folks would do separate it just seems like more trouble for no benefit unless there has been a specific reason or issues to trigger that.
(for example my dad and stepmom had separate accounts after she spent so much one Christmas that I had to pay their rent)
I’ve had banking apps that sent you a notification when something was charged from the account. Helps keep track of the money since there’s some automatic charges.
My wife doesn’t work so it’s all joint
You’re not the weird ones. I used to have joint accounts with my then-wife, but I’ll never do that again. Mainly because I will never marry again (ridiculous concept if you ask me - the government charging you money so that they can approve your relationship is bananas to me, and then paying them more to dissolve it if it doesn’t work out), but also because I haven’t met many people out there who manage their own money well, so why would I ever put them in a position of control over the money I earn?
Are you joking? Of course they are a thing lol
They’re a thing