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I mostly just have two accounts: a private and a shared account. The shared account is very simple: Every month me and my boyfriend tops it up to 5000 USD, we
by aliceryhl 7y ago
I mostly just have two accounts: a private and a shared account.
The shared account is very simple: Every month me and my boyfriend tops it up to 5000 USD, we have a debit card to it each, and all shared expenses including rent come out of this account. By topping it off to a high number like this, we ensure we wont run out within a month, and we just use the debit card for things we need.
For my private stuff I have a credit card that I pay everything with, and I've set it up to be automatically paid off at the end of each month.
Every so often I write the expenses we've had into gnucash so I can see how much we're spending, but I don't budget in advance.
I also have a savings account with some emergency money, but I'm a poor student so I don't really have money to invest or for long term savings.
- amingilani 7y agoMine is similar, except: 1. The top-up amount is much lower and designed so we run out of money at the end of each month. This way, we spend pragmatically and save more. 2. I take pictures of every receipt.
- samoa42 7y ago> but I'm a poor student with savings, a personal and a additional 5k usd checking account... sry to burst your bubble but thats called wealthy for most ppl on earth.
- Rondom 7y ago5000 USD seems high to me as well for a student and you don't know what his girlfiend does. It does not really matter how high that amount as long it can cover unexpected expenses. When I was a student, I made sure I always had at least 1000 EUR on my account, basically treating the 1000 as 0. I cannot remember ever running into debt this way.
- aliceryhl 7y agoJust because I have savings doesn't mean I have income.