Dollar Scholar Asks: Should I Share a Bank Account With My Best Friend?
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My girlfriends and I share everything: appetizers, clothes, opinions about which Taylor Swift rerecord is dropping next (it’s gotta be reputation). So why not share our bank accounts?
This question is brought to you by a video I saw on TikTok recently with the on-screen title “All my money is shared with my best friend 💸.” The user, Caitlin Emiko, goes on to explain that for the past year, she has split her salary with her (platonic) pal: “Anything I make, she gets, and anything she makes, I get, as well,” she adds. Big if true.
Honestly, when I first saw the clip, I recoiled. I know longtime married couples who still don’t have joint bank accounts, so taking that step with a mere friend seemed outrageous to me. But then I began thinking about how tedious it is to Venmo my roommate every time we pay rent, order DoorDash or go on a mid-day Starbucks run.
Wait, does this idea have legs?
