How to use shared account (Husband & Wife), yet exclude certain information like gifts?
Hello all,
I’m getting married in about 6 months. My fiancée has used Simplifi in the past (though not as extensively as I have). We recently purchased a home, and I know we’ll both want to view finances together and stay aligned on budgeting, etc.
I haven’t tested this yet or made any changes, but I’m looking for suggestions on how to handle a few things in Simplifi. Here are some of my thoughts/concerns:
Shared account vs. separate accounts
-Should we use one shared account with a single login, or keep separate accounts and share our spaces?
-We already have shared bank accounts, so if we used a shared space, would that double-count balances when tracking net worth? (I’ve never used a shared space, so I’m not sure how that works.)
-Or would it be better to just have one account that we both log into and manage together?
Handling surprise expenses (gifts, etc.)
One thing I’ve been thinking about—more of a question than a concern—is how to handle transactions we don’t want the other person to see yet.
To be clear, I’m not talking about hiding anything—just things like surprise gifts. I personally add notes to every transaction so I can easily search and understand what each expense was later. I don’t want to stop doing that, since it’s really helpful.
But if I buy something for a surprise gift and include a note, it would obviously spoil it if she can see everything. How do people typically handle this?
These are my main concerns, but I’d appreciate any additional feedback or tips from others who fully share accounts in Simplifi.
Thanks!