handling of "joint" expenses

[Don Coleman]

Well... that's just a tuning question... we keep about two months worth 
of expenses  in the joint account, and check it at least once a month, 
when we transfer in equal amounts from private accounts to "re-charge" it.

We also have automatic email notifications setup if the account gets 
low, and an overdraft system -- which we have never needed.

It's actually a bit more difficult, in that we have two joint accounts 
... one in dollars (my income is in the states), one in euros (we live 
in Barcelona, and his income is from here), and my contributions are 
always in dollars, and his is in euros -- and we use our USA based joint 
account ATM/credit cards for cash withdrawals and purchases (incurring a 
1% currency conversion fee) so I don't have to wire chucks of money 
(though now I wish I *had* wired a years worth LAST year).

Right now the exchange rate is KILLING me.

oh well,  thanks, and cheers!
Don

Derek Atkins wrote:
> I can't think of any problems, but who maintains the joint account
> balance?  How do you make sure you don't overdraw the account?
>
> -derek
>
> Don Coleman <don at coleman.org> writes:
>
>   
>> So I and my partner have joint accounts for joint expenses.   We're
>> careful to put equal amounts of money in, so we don't generally track
>> individual outflows though some balancing account.
>>
>> Occasionally we do have some expense which we end up paying out of a
>> non-joint account, and we'll make a transfer to balance things -- but
>> I'd like to have a way of tracking that I "reconciled" a particular
>> transaction against a joint account.
>>
>> In an account of type expense,  the "R" field isn't generally used
>> (according to some documentation I've read), so my idea it to just
>> mark it as "cleared".
>>
>> I could also just enter a value in the Num field (which is almost
>> always blank in our accounts, because we never use checks).
>>
>> How "bad" is it to use the "R" field this way (only in expense accounts)?
>>
>> What sort of trouble am I going to get into?
>>
>> Any suggestions for a simple and better way to do this?
>>
>> Thanks,
>> Don
>>
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