Tips on budgeting: Using one account for spending

by Chris B
(San Diego)

For the longest time my girlfriend and I used to keep separate accounts where we kept "each others money" but we realized that part of being together was sharing our finances. We now keep one account for all our money and pay our bills from that account.

When it comes to buying things that I or she wants that are not necessities but we want to buy anyway, we just buy it and no explanations are needed as long as there is money in our budget to do it. At first it was hard trying to "justify" why I wanted to spend money on some unnecessary things but now we understand that as long as we have the money for it each one is entitled to their own preferences.

The great thing about this is that we both know have a say on how our money gets spent instead of keeping finances separate.

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