A Smart, Simple, Successful Petty Cash System for Couples

Comment of the Day

Pin it button big

On our recent thread about discussing money with your significant other, one of our lovely readers, kendic , shared the success story of a simple, smart spending (or saving, as the case may be) system that works like a charm...

I highly recommend the petty cash system - it has worked GREAT for us. I am a major shopper and find a lot of joy in antiquing and thrifting (let's be honest any other form of shopping) while he has owned only 3 pairs of shoes in our entire 10 year relationship.

We deposit a set amount each month from our main account into two separate checking accounts. Since our marriage 4 years ago, his "petty account" is up to $6,000, and my is currently at $4.06. We are still saving for retirement and have all of our "emergency accounts" stocked, but no fights over spending!

Thanks for sharing your smarts, kendic!

(Image credits: Alexis Buryk)