I'm still trying to decide who Misterman's wife's $1000 sheets are for, if they aren't for him!This quote is hidden because you are ignoring this member. Show Quote
I'm still trying to decide who Misterman's wife's $1000 sheets are for, if they aren't for him!This quote is hidden because you are ignoring this member. Show Quote
So on an expansion, what are people’s thoughts on having separate vs joint credit cards?
Probably a way more relevant question these days than bank accounts
*stirsthepot*
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
I have my own, and I have a separate where the wife has an authorized card.
We just got them to make a sweet bed fort with. You guys think dual bathrooms are baller? pfft.This quote is hidden because you are ignoring this member. Show Quote
That probably has dual washrooms too.This quote is hidden because you are ignoring this member. Show Quote
I have 2 credit cards and my wife has 2 different ones. She wants the WestJet points and I want the cash back, our 2nd ones are just back ups.
Credit cards are less of an issue either way because the money to pay them would be coming from the same place(s) regardless of your chosen financial situation. Even if you "share' credit cards, they have separate numbers and arrive as separate statements within the same bill. I suspect most 3-account folks have their own CC(s) and then one joint CC for anything that gets paid with the joint account.
I wouldn't exactly call them "separate statements". They are grouped/subtotaled separately, but there is only one final balance/minimum payment amount. i.e. one user can't just pay their balance to get no interest charges on their card.This quote is hidden because you are ignoring this member. Show Quote
Yes, that's why I said "within the same bill", but there are 2 card numbers and 2 subtotals on the bill, so it's treated as separate right up to the total so you know exactly how much you each owe if that's how you're set up. If it's the joint account CC, then it doesn't matter either because you're just paying it from the joint account anyway.This quote is hidden because you are ignoring this member. Show Quote
My problem is with our WestJet card I can't see all the transactions or the statement. Not sure why they can't just make it so both cardholders have full access.
really? I see both. Are you not the "primary" or something? Better get a divorce.This quote is hidden because you are ignoring this member. Show Quote
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No they gave it to my wife even though I thought I was the one who set it up! Going to be an expensive mistake!This quote is hidden because you are ignoring this member. Show Quote
Well me and my wife only have one credit card. So do I win the marital trust contest for that category?
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
You want to keep separate credit cards. It only builds credit on the main account holder.This quote is hidden because you are ignoring this member. Show Quote
If the client separates or dies. It creates a nightmare for the other cardholder as they are starting all over again.
You obviously don't trust her with her own card.This quote is hidden because you are ignoring this member. Show Quote
The real question is do you share a bathroom stink spray?This quote is hidden because you are ignoring this member. Show Quote
We just share bathroom stink unfortunately.This quote is hidden because you are ignoring this member. Show Quote
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
Since this thread has gone off the rails, I'm going to turn the trust argument right around and say it's the joint account people who don't trust their spouse/partner and thus they need to be able to see where every dollar goes!
On a more serious note, has anyone brought up tax efficiency? Being team sport and all, I'm so glad my wife is naturally an awesome saver/investor at her tax rate, while I foolishly spend my money on things like our mortgage, daycare, food, utilities, clothing, etc.
Joint CCs, except I have 1-2 more cards than her at any given time as I churn for rewards points.
Originally posted by max_boost
Hey baller, any problem money can solve is no problem at all. Don't sweat it.
Bumping because recently married and we are trying to figure out how to do a joint account the simple and fair way. Searching on beyond.ca was pretty much the first thing I did when researching. What penis has written below is pretty much what we have come down to. 3 account system... contribute to joint account by percentage of gross income. Add up living expenses. Use joint account to pay bills. I make considerably more than her so I'll be contributing quite a bit more towards the joint account but it seems to be the most fair way of doing things.
On the right path here? Also, thanks for the words of wisdom here. Good discussion.
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Looking around
Wondering what became
Of what I once knew
It is what we do as well.
Our joint account is where the majority of the money goes for the house and major bills and some savings.
We then each have our own accounts but even from there we will help one another of something is needed.
Since I make more than my girlfriend I also help out more where needed in the household.
Works fine for us.
It is the way.This quote is hidden because you are ignoring this member. Show Quote
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It is the way.This quote is hidden because you are ignoring this member. Show Quote