submitted 3 weeks ago by root@lemmy.world to c/personalfinance@lemmy.ml

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For the last decade or so, my SO and I have been more or less dividing our expenses, and Venmo/ PayPal-ing the other as needed (rent, etc).

I know a lot of couples use a shared account that they both contribute to via direct deposit. How many of you do this? Any drawbacks or other options I haven’t mentioned?

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[-] iamdisillusioned@lemmy.world 1 points 3 weeks ago

Been together 20 years and we've never shared an account. I works really well for us. I'd say, if it ain't broke, don't fix it.

[-] root@lemmy.world 1 points 2 weeks ago

Yeah, we haven’t had any issues with solo accounts either, but I recently learned about the changes to taxes around PayPal / Venmo etc, which is how we usually move out money around with each other

this post was submitted on 05 Dec 2024

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