re: Spinoff from the budget app thread. How do you handle accounts and payments with SO?

quote:

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We consolidated everything and just discuss purchases above “reasonable” threshold. That way we have full visibility into joint credit card, checking/savings, retirement savings, brokerage, taxes, etc.

I know acquaintances that do separate accounts and have heard them say phrases like “my money” - strange thing to say in a partnership IMO

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This is exactly what we do. Both of us work and will for some time. She used to make more than me, but now I make more and it's always been viewed as our money. One checking, one savings and two credit cards - Amex and Visa in case we can't use the Amex. Most everything is on autopay and we put as much as we can on the Amex every month and pay it off monthly.

I understand that some see it as "your" money or "my" money, but that's just a foreign concept for us when it comes to marriage. If that works, more power to them, but that's just not our philosophy. I think a single account breeds accountability as well. I think that's a good thing in a marriage.