larue@hao.UUCP (Martha LaRue) (11/21/83)
For those of you who DO want to use the joint checking account method
of marital finance, there is a simple way to end the confusion and
danger of overdrawing.
My husband and I have a joint checking account, but two checkbooks.
When we started the joint account, we had two sets of checks made,
one set numbered about 500 above the other.(The lower set will catch
up in a while, but that is easy to take care of.)
When I make a deposit, I enter the amount in MY book, when he makes a
deposit, the amount goes in his book. The sum of the balance of the
two books equals the actual balance in the account. Thus I always
know that there is at least as much money in the account as my
checkbook balance indicates. When one of us starts to get low on
funds, the other makes a "transfer"...of course it's only a transfer
as far as we are concerned...the bank doesn't know the difference.
We devised this system after we got tired of juggling two accounts.
We've been using it for almost three years, with absolutely no
problems.
Martha LaRue Stallmann (hao!larue)