Valentine’s Day is coming up on Friday, and with it, an excuse to talk about how couples manage their finances.
Some couples throw everything into a joint account and track from there.
Others use a joint account for household bills, but maintain individual accounts for personal finances.
Meanwhile, an increasing number of committed couples keep everything completely separate, split payments, track what’s owed, and Venmo money back and forth.
With children or dependent parents, tracking shared finances becomes exponentially more complicated.
No wonder money is the greatest source of stress for married people and those in committed relationships (link).
Many apps and bank services aim to help couples with shared finances. At Tiller Money, we obviously think spreadsheets are the best tool for the job.
Spreadsheets are easy to share, accessible anywhere, allow tracking both individual and joint finances in one place, empower couples to track shared expenses without sharing accounts, and have the best options for categories, tagging, and reporting.
We’d love to know how you use spreadsheets to manage shared finances.
Share your workflow and tips below. Four submissions will be randomly selected to win a $25 Amazon gift card. Winners will be notified on Valentine’s Day morning with a message in the Tiller Money Community
(PS - We choose winners by copying all entries into a Google Sheet, then using a simple “randomize range” command generate top four random entries)