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Shared account with SO (self.personalfinance)

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

27 comments fedilink hide all child comments

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 1 points 1 week ago (1 children)

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 1 points 1 week 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