by Steph Sarff

Co-parenting. Co-accounting. How one ex-couple uses Simple Shared Accounts.

After separating, Amy and her ex-husband opened a Shared Account together. Read about how they’re using it to split everyday expenses for the kids, while keeping their own personal finances to themselves.
Amy Caplan

Amy and her ex-husband met in San Francisco, where they both worked in tech. Like many new relationships, they weren’t sure where it was going to go. They were young. They were in love. And it was exciting.

They moved to Paris together, got married, had twins, and then settled down in Connecticut to be closer to Amy’s family. They had their ups, downs and everything in between, and were married for 10 years.

A few years ago, they knew it just wasn’t working anymore and decided to end things. They had the conversation every set of separating parents dreads with their kids, and although emotional, they knew they were making the best decision for their family.

New beginnings

Soon after they called it quits, Amy’s ex-husband told her about Simple. He’d just opened an account and was raving about the ease of it all.

She’d been banking with one of the big corporations because they had a branch in her neighborhood. She realized she rarely went there, didn’t have a relationship with anyone who worked there and that everything felt really impersonal.

She gave Simple a try and ended up loving how the app looked. She also loved that she’d never need to leave her house to make sure her finances were taken care of.

A few months after their divorce was finalized, Amy’s relationship with Simple was solidified.

Sharing some, without sharing all

Once they both saw how easy it was to manage their money in their individual accounts, they decided to open a Shared Account together.

They knew it was a little unorthodox as a divorced couple, but the fact that they could have their individual money separate and out of sight, while sharing what they needed to for the kids, made total sense to them.

They send each other money for things like the kids’ sports, music classes, summer camps, tuition for the kids’ school and now, because they’re 13, braces. And each month, she gets the little push notification letting her know that he’s instantly transferred over child support.

“We don’t need any other app to help us organize our financial lives as a divorced couple,” she said. “Simple does it all for us.”

They’ll frequently go out to dinner as a family too, and putting down the Shared card makes the payment process super easy. They don’t need to trade who pays. Because they’ve put money into the account ahead of time, it’s covered and they don’t need to talk about it.

Amy says she knows they’re fortunate to have the level of trust and respect for one another that they do. Without it, they wouldn’t be able to share an account and their lives this way.

Life goes on

Amy’s excited for the next chapter as a woman in her mid 40’s. She’s started a Goal in her individual account for her first-ever international solo trip, and will be heading to Bali in July.

She’s rediscovering herself as a single woman and is excited to show her kids that their mom is adventurous and confident.

As for the two of them, Amy and her ex are still living in the same city and will continue to do so until their kids are out of high school. They’ll keep sharing money and experiences with their kids to show them that just because they ended their marriage, they didn’t end the family.

“The ease of Simple has taken the anxiety around money and being in a new financial situation less daunting,” Amy said. “It’s a tricky time in life, but Simple has made everything so easy for us.”


Disclaimer: Hey! Welcome to our disclaimer. Here’s what you need to know to safely consume this blog post: Any outbound links in this post will take you away from, to external sites in the wilds of the internet; neither Simple or our partner bank, BBVA USA, endorse any linked-to websites; and we didn’t pay/barter with/bribe anyone to appear in this post. And as much as we wish we could control the cost of things, any prices in this article are just estimates. Actual prices are up to retailers, manufacturers, and other people who’ve been granted magical powers over digits and dollar signs.

Important! Keep your account safe from fraud

As fraud attempts are on the rise recently — especially related to unemployment funds — help us keep your account safe by following these guidelines.

Use your Simple Account only for your own personal use. Don’t share your account with others or receive funds on behalf of third parties.

Don’t share your username or password with others. Never give out your login information. Simple will never ask you to tell us your password — if any third party makes such a request, it’s an attempt at fraud.

Don’t open an account at someone else’s request. If someone else asks you to open a Simple Account — such as a real estate company, prospective employer, or someone you met online — it is likely an attempt at fraud.

Be alert for unemployment insurance fraud. You may be violating the law and the terms of your Simple Account if you receive deposits of unemployment funds on behalf of someone else. There are state and federal penalties for unemployment insurance fraud (including potential fines and incarceration). If you suspect you are a victim of unemployment fraud, contact the appropriate state fraud hotline listed here.

Don’t receive funds on behalf of a third party. Keep in mind that receiving funds on behalf of a third party violates the terms and conditions of your Simple Account; in such instances, we may restrict and/or close your account and hold the funds while we await direction from enforcement agencies.

I acknowledge that I have read this notice Continue Application