In the article I linked to, Bethany argues that separate finances are a requirement to this, and I tend to agree.
A workaround might be having a joint account, AND separate accounts that are used for whatever fun/luxury you each want. You each get $x/month in your fun/luxury accounts, and that is the money you use to yootle with (and pay for dance class, and buy a new sewing machine with, and whatever other luxury, etc)
In the article I linked to, Bethany argues that separate finances are a requirement to this, and I tend to agree.
A workaround might be having a joint account, AND separate accounts that are used for whatever fun/luxury you each want. You each get $x/month in your fun/luxury accounts, and that is the money you use to yootle with (and pay for dance class, and buy a new sewing machine with, and whatever other luxury, etc)
Julia and I organize our finances this way, and I would recommend it for couples whether or not they plan to yootle.
My partner and I use a single joint account, but if I had to do it over again, I’d probably do it this way too.
Technically we also use a single joint account. We keep track of our three accounts (joint, Julia’s, Jeff’s) on a spreadsheet.