So, Mrs. Ninja and I merged our bank accounts the other day. What’s mine is hers and whats hers is…hers. Wait that’s not right 😉 Seriously though, for us combining accounts made the most sense. Merging accounts was super easy, what’s a little trickier is figuring out how to set up boundaries.
Something tells me Mrs. Ninja wouldn’t be too stoked about me dropping $300 on a sound system without clearing with her first. And I will bust a cap if she stops at Nordies and walks away with another pair of boots.
This is why we figured a spending amount should be set. We initially decided neither one of us should make a purchase over $100 without first consulting the other. But after a little more thought, decided we should lower the threshold to $50.
What we are yet to figure out is how long that $50 spending limit is good for. Say for example I find a sweet camera accessory for $42. The rules say I can buy it without having to run the purchase by Mrs. Ninja. But what if, the next day, I find a $35 jacket that I want?
This is where I think setting a spending limit falls short. Should the $50 threshold be per day/week/month? Now that I think about it, I’m kinda thinking the spending cap is pretty stupid.
Instead of saying “You can’t buy something over $50 without running it by me first”, we should just set up a budget and say we each get $100/month of “do whatever the heck you want with it” money. It fosters guilt free spending, but still provides the necessary boundaries. Heck, that money could even roll over for the next month. If I only spent $20 of my $100 in August, I could spend $180 in Sept. without having to ask. Not a bad idea right?
I don’t know, maybe I’m over thinking this spending allotment gig, but it’s definitely something that needs to get fine tuned. How do you peeps work the combined accounts system? I need wisdom!