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I will never understand couples with separate bank accounts tbh. https://twitter.com/redditships/status/1290333526081114114
Like, is the idea here that I should have more toys than my wife because I make more money? Is that what people are trying to endorse with separated finances?
I admit, gift giving is a little less special when you share finances, but we share a mortgage, tax filing, and children so.....
I'm trying to think of something less pleasant than deciding which of us will get health insurance and then how to properly debit an appropriate offset from the other person given the expected marginal tax rate so that we can be equitable about our split finances.
If my wife has to go part time to help take her of her parents and has a subsequent loss of income, do we keep her share of the mortgage the same, or proportional?
If I get a bonus this year because my wife let me focus on a big project by taking on extra hours of childcare, do I credit her by an hourly rate or a proportion of the bonus?
What I'm getting at here is that splitting finances does not simplify anything, it complicates and gives endless time for score-keeping which is the death of any intimate relationship.
As it happens, I have a bank account that has only my name on that I've had since literal childhood as a then minor account, but it doesn't matter. We share a budget with set aside money for slush funds where one can buy whatever and we keep each other informed anyway.
I'm not going to say you have to live like we do, you don't. But a lot of people genuinely don't seem to realize it's possible!
Like, as we pay off loans, we paid some of hers, then mine, then some of mine because we're deciding on the highest interest rate against our household.
I can't even put together a persuasive case for doing it that way because it just seems self-evident.
I can't even put together a persuasive case for doing it that way because it just seems self-evident.
