Recent comments in /f/LifeProTips

adunk9 t1_j9v6y1p wrote

We had different banks when we moved in together, and got 3 accounts when we finally settled on a bank. Hers, mine, and the joint account. Paychecks go into the joint account, and allowance goes into personal accounts. This is mostly because there is a huge income discrepancy between me and my S/O. My paychecks are almost double what she brings home in a month, and I do not want her to feel like she isn't contributing as much. If we split things the way you described, I would have thousands more dollars a year in discretionary spending than she would. The weekly allowance is the same for both of us, and once we reduce our debt more, the allowance will increase for both of us. Allowance money can be spent no questions asked, joint money is for everything from bills, to date nights, to random purchases we both agree on. Having separate bank accounts with an allowance still gives us the freedom of having money for our own wants without hurting the budget, but we still have the big pot of money for every day expenses.

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