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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[-] sugar_in_your_tea@sh.itjust.works 2 points 2 weeks ago

Yup, that's how we do it. General setup is $X/month goes to each of our private checking accounts for personal use. We discuss any non-regular purchases over $50, unless we make it from our personal accounts.

That's it. Transparency is a really valuable thing in a committed relationship.

this post was submitted on 05 Dec 2024

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