How to people 'share money' as a couple
Me 34 year old male got a 66k year job
GF 33 year old got a 32k year job (currently out of work as COVID-19 doesn't have kindergarten so she has 0 revenue and the Canadian emergency doesn't apply to us yet but it might soon)
Kid 10 months old
We have a house 3.49% Mortgage ends in November 2023 has about 180k left on the house.
We both have TFSA and I have a RRSP
So we stopped about 1 year ago putting money in the TFSA due to her losing some salary for the baby and we wanted to make sure we had enough to live. We mostly put money in the TFSA for future days
She has about 13k in it and I have about 35-40k in mine. (Please don'T laugh)
The situation now is that we have projects in the future, vacations house ameliorations and etc.
So my GF proposed that if we need money we should use TFSA money, which I refuse as it's suppose to be for our old days, and I know that life will cost more in the future and don't have much money yet
So i was wondering, would it be better to find a High Interest Saving account, that we both share the access, and just send a bit of money in that account that we use for big projects, like a Car, or house ameliorations etc?
That way we would each have
1) Chequing accounts for our normal money
2) TFSA for future days that we send some money
3) a High interest checquin account for either emergencies or big life projects
Thanks for your opinions