3 joint credit card myths

joint credit card myths

Good morning loves.  Today we are chit chatting about love and credit cards.  I have a friend named Julie who just got engaged. Yep another 30 something year old woman is getting engaged and it’s not me.  As I sat across from her at lunch at our favourite Japanese restaurant she told me all about how her husband-to-be asked for her hand in marriage in a botanical garden.

They spent the day walking hand in hand through romantic gardens, Julie loves flowers. They stopped to grab some cold lemonade when her fiancé dropped his money while he was paying for their drinks.  As he got up instead of having change in his hand he had a diamond ring.  I swear that’s what happened…I couldn’t make this up if I tried.

What to do about joint credit cards when you get married

After I listened to Julie talk about what a surprise her engagement was and how excited she is to get married her tone suddenly changed.  Her face lost the smile and she asked “Now what do I do about money?”

This is a common conversation among my circle of friends.  As a financial planner I am the one my friends turn to for financial advice.  However I rarely give my opinion because I don’t like to mix family and friends with money.  But that doesn’t stop them from asking.  All I can do is tell them the pros and cons of joint credit cards and let them make their own conclusions.

Don’t get fooled by these 3 joint credit card myths:

1. Only one person is responsible for the debt.  When it comes to joint credit cards many people think only the primary cardholder is responsible for repaying the debt.  This is not true.  A joint credit card means that each person is individually responsible to repay the debt in full.  Some people also think that each person is only responsible to repay half of the outstanding balance, once again this is not true.  At any time the credit card company can ask either credit card holder to repay the balance owing in full.

2. You don’t need to manage it together.  This couldn’t be further from the truth.  Joint credit cards have credit limits and it’s important to manage your spending wisely so each person in a couple is aware of what purchases are being charged on the credit card.  This helps avoid overspending and makes sure the monthly payments are manageable.  Could you think of anything more awful than having your credit card declined because your spouse is overspending? How embarrassing.

3. All purchases have to be used by both people. I know some couples who only use their joint credit cards to buy things that are used by both people in the couple.  But this doesn’t have to be the case. As long as both people understand they are responsible for the debt and you manage the spending together to make sure you can afford to pay off the balance each month it shouldn’t matter who is spending what on the joint credit card.  The key to merging your finances is to be open and honest about your spending.


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Weekly roundup: No Income, Interview Tips and Budgets


Good morning Loves and Happy Friday.  Next weekend is July 4th and (in my opinion) it kicks off the whole summer season.  This summer I have another trip to NYC planned as well as a Justin Timberlake concert and I’m finishing it off with a trip to New Orleans in September.  Yes, summer 2014 is going to be a great couple of months.

Do you have anything special planned this summer?

Enjoy these great posts from our personal finance friends.  Have a great weekend.

Girls Just Wanna Have Funds – How To Operate On Low/No Income

Young Finances – 5 Interview Tips for Recent College Graduates

Modest Money – Ten Tips to Reduce Your Household Budget

Frugal Beautiful – Is it bad to not have a wedding registry?

Clever Dude – The Self Checkout Lane Tried To Steal $85 From Me!

Boomer & Echo – Whatever You Do, Don’t Retire Alone

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What I’ve learned about our world this week

Cat on back

Good morning Loves.  Today marks three weeks that I have been out of commission due to my back pain.  I have lived with lower back pain my entire life so I know my limitations when it comes to movement.  However every few years life reminds me just how fragile my body really  is and sets my back into a tumbling ball of pain.   I have been laying on my back for a week and slowly my back is getting better, but of course I’d like it to heal faster.

During the first two weeks of my pain I was still going to work.  I wasn’t walking to work like I normally do, I was taking the bus; but nevertheless I was going to work.  I was also visiting my chiropractor every two to three days for spinal adjustments.  When my back pain wasn’t going away my doctor thought it would be best if I just stayed at home and laid on my back to rest.  So that’s what I’ve been doing over the last week.  I do admit that my back is feeling better than it was two weeks ago but I think it’s safe to say I won’t be doing yoga or walking to work anytime soon.

Being injured sucks.  If you have ever lived with pain you know it’s true.  This time my back is taking a long time to heal and that means I am moving slowly wherever I go.  Over the past two weeks as I interacted with the public while I was injured I discovered some shocking revelations about people and our society.

Chivalry is dead.  I can’t even count the number of times a man didn’t open a door for me or hold a door open for me over the last two weeks.  One time a man saw me hunched over slowly moving towards a door and just stared at me as I tried to pull the door open.  After seeing that I was unable to open the door  you would think that a gentleman would open the door for me, but no, not this guy.  He just waited for me to push the handicapped button so the door would automatically open and then walked in ahead of me.  If men don’t want to open doors for ladies that’s fine, it’s rude but it’s fine.  However anyone (man or woman) should help a disabled or handicapped person.  No questions asked.

Thank goodness for health insurance.  My back injury is causing me a lot of pain, but it’s also costing me a lot of money.  Trips to the chiropractor cost $45 with every treatment.  Three treatments each week can quickly add up to $135 weekly in unexpected medical expenses.  My insurance refunds only 50% of all chiropractor costs and only up to a maximum dollar amount – which I am sure I will reach very soon.  When you add in the cost to take public transportation (the bus and taxi cabs) everywhere my back pain is quickly costing me a fortune and I don’t like it.

Our world is not equipped for the disabled.  From buses and trains to office buildings and just the general pace of life I can tell you that people have very little tolerance for the disabled.  Everywhere I go I am the slowest moving person.  This is new to me because I am usually running around trying to get everything done in the shortest amount of time possible.  Normal tasks take me longer than they normally would and people are not very understanding about my pain.

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How Mobile Technologies Are Changing the Nursing Field

Mobile technology has been used in many fields to improve performance, efficiency, and safety. Incorporation of mobile devices into the nursing field has had a great effect on healthcare. Mobile technology’s role in nursing is likely to grow over time as it is developed.

How Mobile Technology Improves Patient Safety

Image via Flickr by Miniyo73

The first priority for nurses is patient health and safety. Only technology that can improve a patient’s health is used by nurses for their regular work tasks. One way that mobile technology is being incorporated is through electronic references. Nurses can quickly access a complete library of information regarding proper use, compatibility, safe dosages, and more about any procedure or medication. The knowledge gained helps eliminate errors that would have previously happened due to a simple writing mistake or misunderstanding. Extra referencing was not possible in the past due to the excessive time it took, but with mobile technology it only takes a minute or two.

How Mobile Technology is Helping Nursing Students

Clinical assignments are part of a nursing school degree, which involve students assisting experienced nurses giving comprehensive care. Due to labor constraints, these students are often trusted to serve patients in ways that they are not fully trained for. These are situations where having access to references on a mobile device can help students learn on the job and provide adequate care.

Nursing teachers have recognized that even an experienced nurse does not know everything and can benefit from having developed skills in quickly understanding and applying research accessed from a mobile platform. To help students acquire these skills, simulations and case studies in the curriculum now incorporate situations that require students to reference and learn from diagnosis, testing, and assessment literature.

Many nursing colleges also incorporate mobile technology into care plan education. Care plans are an essential part of a nurse’s duties that involve integrating a patient’s history and condition information into a specific plan of care. A care plan utilizes subjective and objective information and realistic goals, which drive the nursing interventions. During nursing education, student nurses are exposed to the benefits of mobile references and the online information available in creating effective nursing care plans.

How Mobile Technology Improves Patient Education

Part of a nurse’s responsibilities is patient and family education. This is an area that new nurses in particular often struggle with. Online resources are now available to make patient education more effective. Upon discharge home, the patient is armed with written instructions which cover most situations the patient may encounter. Mobile devices allow nurses to pull up recent research to support the decision making process for the care plan, as well as, easily finding appropriate pictures and illustrations to clearly explain conditions.

Why Proper Mobile Technology Education is Necessary

While there are many benefits of mobile technology in the workplace, there are concerns that it could be a distraction as well. It would be easy for a nurse to check emails or take calls while working, which would be detrimental for patients. The solution to this problem is education. By teaching nursing students the proper way to use these devices, technology can optimize nursing care.

Proper procedure for the nurse includes turning off personal devices and avoiding personal internet use while in clinical situations. Stressing the importance of following procedure and illustrating the consequences while in nursing school will discourage these temptations when nurses transition into work situations.

The Mobile Devices Being Used

Depending on the school or hospital, there is variation in the mobile technology being used, although they are being used to achieve the same results. Tablets are most commonly used, whether it’s an iPad, Windows tablet, or Android tablet, while phones and small laptops are used less frequently. Nursing software is designed to be compatible on all operating systems, making the actual devices used irrelevant.

Mobile technology is already being used across the country in healthcare settings with great effect.  The electronic medical record is here to stay. One goal of today’s healthcare industry is to have nurses become more efficient and effective using mobile technology. Improving a nurse’s performance and enhancing patient care make it all the sweeter.

Mobile device skills can be improved by attending an online school, which often feature ways nurses can improve patient recovery using the most current technology available. Online schools offer a plethora of nursing degrees and it only takes a few minutes to search for more information regarding online education and the payoff is absolutely worth it.