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CrazyString t1_j9ve0oj wrote

Reply to comment by RascalRibs in LPT: Maintain separate bank accounts when you get married by The_Stein244

So basically what OP suggested. Suddenly you want to do something for yourself like betting and got a separate account. Why not just use the shared account since that was working so well?

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Alex_butler t1_j9velw7 wrote

If you win consistently at sportsbetting it’s nice to have another account for tax purposes. I put 50% of all my withdrawals in a separate savings account that way I know I’m covered for taxes and after the taxes I’ve got some extra savings. It’s a nice way to keep track although a spreadsheet of the $ amounts would probably work as well

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RascalRibs t1_j9vepha wrote

No, that's not what I said at all.

You can't fund two separate sportsbetting accounts with the same bank account. They will flag that and we'd lose out on the bonuses/promotions for one of the accounts.

That's the only kind of thing we use the separate account for, and it's only her name on it.

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