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Shared account with SO (self.personalfinance)

submitted 1 week ago by root to c/[email protected]

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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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[–] root 1 points 4 days 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