1. Collective account where all share one account and one person staying on top of expenses. Use an Excel spreadsheet or money management software to its budget, which makes things easier, especially when tax season comes.
2. Separate accounts, but use only 1 while supplies last. This way you will know when you've reached the limit, but you can not play the second account unless emergency.
3. If you have credit cards, make sure you pay the full month, and will never cost you interest. If you have debt, pay more than that to get rid of them quickly. Ideally, pay something every week, so they are constantly getting lower, ie less interest as well.
Enjoy greater savings for the future and retire happy.
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