My Boyfriend And I Act As Though We Have A Joint Bank Account, Even Though We Don't. | The Odyssey Online
Start writing a post
Relationships

My Boyfriend And I Act As Though We Have A Joint Bank Account, Even Though We Don't.

Making financial decisions together now, sets a solid foundation for the future.

33
My Boyfriend And I Act As Though We Have A Joint Bank Account, Even Though We Don't.

Money can be a really heavy topic when it comes to being in a relationship. And there's really no one-size-fits-all solution for every couple. Many aspects go into the discussion about how you will handle your finances. Will you keep your money completely separate? What things will you help pay for? What things will they help pay for? And if you're living together, things get even more difficult. If we're not pooling our money, how will we decide to split costs?

For me and my guy, we've decided to act as though we have a joint bank account. This means that our financial decisions do not just affect one or the other, they directly affect us both. Although we aren't currently living together, we plan to soon, and we have made planning for the future a priority.

How do we do this so that we're not stepping on each other's toes all the time? Well, we keep each other up to date on what's going on in our financial lives. We discuss when paydays are, how much is in our accounts, what our budgets look like, and how much we're planning to save. At the end of the month, we put our money together using the envelope method for our savings and put it away for future expenses.

We all know that life is never simple and that plans never usually work the way you want them to. This means that unplanned expenses will come up. Just last week I had been talking about wanting a new piece of furniture for my room, for reading and studying. To my surprise, I came across the exact piece I had been imaging in my head on Facebook Marketplace, at a really good price point, and knew that I really really wanted it. I immediately talked it over with my boyfriend and decided that we had the extra cash at the moment, and it was a really good deal, so I should go for it, and I did.

Communication is really the key here. You have to know where you are at in your relationship and what your boundaries are so that you can begin having financial conversations, if that's where you're heading. For us, we've felt for a while that we're on the path to marriage and living life fully together, and there's really no reason to wait for the money aspect to be added in later. It keeps us accountable and lets us work through real-life problems right here and now.

We're happy with the way we're doing things, and I hope you find a method that works for you and your relationship too!

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Adulting

18 Things I Want To Do Now That I'm 18

I'm technically an adult, so I'm legally required to live a little, right?

1754
Happy Birthday Cake

For the entirety of my high school career, I was always seen as the goody-two-shoes. I never got in trouble with a teacher, I kept stellar grades, and when I wasn't doing extracurricular activities, I was at home studying. Even when I did go out, it was usually with a bunch of fellow band geeks. The night would end before 11:00 PM and the only controversial activity would be a fight based on who unfairly won a round of Apples-to-Apples when someone else clearly had a better card (I promise I'm not still holding a grudge).

Now that I'm officially an adult, I want to pursue some new things. I want to experience life in a way that I never allowed myself to do prior to entering college. These are the years that I'm supposed to embark on a journey of self-discovery, so what better way to do that than to create a bucket list?

Keep Reading... Show less
Featured

10 Life Lessons from Christmas Classics

The holiday classics that shaped my life

1060
Flickr

The holiday season is full of stress, debt, and forced conversation. While we rush through the month of December, it's important to take a step back and enjoy the moments before they're gone. Most families love to watch Christmas movies, but these beloved films provide more than entertainment. Here are 10 life lessons that I've learned from the holiday classics we watch every year.

Keep Reading... Show less
Featured

15 Mind-Bending Riddles

Hopefully they will make you laugh.

200268
 Ilistrated image of the planet and images of questions
StableDiffusion

I've been super busy lately with school work, studying, etc. Besides the fact that I do nothing but AP chemistry and AP economics, I constantly think of stupid questions that are almost impossible to answer. So, maybe you could answer them for me, and if not then we can both wonder what the answers to these 15 questions could be.

Keep Reading... Show less
Entertainment

Most Epic Aurora Borealis Photos: October 2024

As if May wasn't enough, a truly spectacular Northern Lights show lit up the sky on Oct. 10, 2024

20921
stunning aurora borealis display over a forest of trees and lake
StableDiffusion

From sea to shining sea, the United States was uniquely positioned for an incredible Aurora Borealis display on Thursday, Oct. 10, 2024, going into Friday, Oct. 11.

It was the second time this year after an historic geomagnetic storm in May 2024. Those Northern Lights were visible in Europe and North America, just like this latest rendition.

Keep Reading... Show less
 silhouette of a woman on the beach at sunrise
StableDiffusion

Content warning: This article contains descriptions of suicide/suicidal thoughts.

When you are feeling down, please know that there are many reasons to keep living.

Keep Reading... Show less

Subscribe to Our Newsletter

Facebook Comments