03-24-2018, 01:36 PM
My wife is an accountant by profession and she's tasked to manage our financial accounts which is under my name. Basically she keeps track of my spending by regularly checking my bank accounts and I need her approval whenever I'm going to spend money. I know it's a little unfair because I don't meddle with her savings or accounts but in our situation it's better that she always keeps me in check.
In the past I was solely managing my finances and what happened was I got in trouble with some credit card companies until my debt doubled, so after paying my debt and a very long fight with my wife due to my over spending we settled on a check and balance system where she would be holding my credit cards, checks, and savings account and I'll be holding my debit and atm cards where we put our weekly budget. By doing this we save a lot by limiting our expenses.
In the past I was solely managing my finances and what happened was I got in trouble with some credit card companies until my debt doubled, so after paying my debt and a very long fight with my wife due to my over spending we settled on a check and balance system where she would be holding my credit cards, checks, and savings account and I'll be holding my debit and atm cards where we put our weekly budget. By doing this we save a lot by limiting our expenses.