Quote:
Originally Posted by Wormius
That’s fair. I should look into it a bit, I am the primary cardholder on the cc we use the most, should maybe switch things up a bit if something like that is important.
I think I like the simplicity of depositing and drawing from one common pool, and if one of us kicks the bucket, the other isn’t dealing with a headache of gaining access or having to close down accounts and things.
I guess one benefit to keeping things separate is that if someone comes down with a terminal illness and decides to max out their credit cards and drive off a cliff in a Lamborghini, it might insulate the spouse a bit.
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We have both. Basically the accounts we had when we first met we retained. Then we have a joint account and a CC with a secondary card holder that allows us to easily transfer funds back and forth between us. Make sure both of you have at least one CC. That way one spouse doesn't end up in a bizarre situation where they have a zero credit rating (my wife was somehow like that because she got a credit card from her parents and just used/paid that off for years (never building up her own credit, but contributing to theirs).
It allows us to maintain some privacy, get random credit cards to try and exploit cardholder benefits and is relatively convenient in the sense we didn't need to change a bunch of auto deposit/auto pay etc. stuff.
I don't know if all banks have it. but there might be a way to automatically transfer funds from one account to another. So you could keep having your pay cheques go to a personal account and automatically transfer funds into a joint account.
I mean, it's up to you. Many couples do different things and do so harmoniously.
It's like wearing pants and saying all your stuff is in your pants pockets anyways. But for some, there's a distinct difference in how comfortable you feel with keys, phone or wallet in the front or back pockets. Not all people are unanimous in something like comfort for whether a wallet and/or phone are in the front or back. But there might be some facets that many more are agreeable like the discomfort one feels if keys are in the back pocket.