Joint Savings

My boyfriend and I want to start saving for a vacation. Unfortunately, neither one of us is very disciplined when it comes to saving, and it doesn't help that I think that conversations about money are just stressful and awkward. We spend a lot of time trying to figure a plan that will work for us and I think that we actually finally might have found one. A co-worker was talking about opening a a joint bank account with her fiance and it occurred to me that I could do the same for this purpose. We decided to open a savings account with both of our names on it. We are going to each deposit a designated amount into the account every month. We made an arrangement with the bank that the money cannot be withdrawn without both of us being present. This way we can keep track of how much money total we have saved, we are not tempted to spend the money the way we would if we were just throwing it in a box or envelope, and we both feel like we have to be accountable for putting away the correct amount each month. I don't want this to ever be a source of a fight so I we both agreed to be flexible and understanding if a circumstance arises where one of us can't put in the money one and a while, but we also both agreed to be adults and responsible about it and only let that happen when it is absolutely necessary. We made payment plan and mapped it out. If we stick to the plan it should only take us about 6 months to have the money for the 2 weeks we want to spend on vacation. It is going to involve a few sacrifices here and there but it will obviously be worth it when we are getting to relax together for two whole weeks on a beautiful tropical island. Wow, just thinking about it is plenty of motivation!