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Monthly Bills: A Fair Strategy for Couples
By Molly's Brother | June 21, 2006
I think in this age, more and more couples are keeping their finances separate and only combining them for joint expenses. Even though I am in a relationship and we do share monthly expenses, we both make about the same amount of money. However, I was wondering what couples should do if one person makes significantly more than the other.
A friend of mine told me what she does with her boyfriend.
Sometimes couples make the same amount of money. If that’s true, then the monthly bills should be split 50-50.
However, if one person in the relationship brings home a lot more than they other, then you should reassess how to break down the monthly expenses so it’s fair to both people in the relationship. Figure out how much your gross take home is for the month. If you make $3000/month and he makes $7000/month, then the two of you bring home 10K a month. He brings in 70% of the money. Therefore, every single bill should be divided 70-30. That’s fair.
I’d be interested to hear what people think of this approach to paying bills.
Topics: Your Budget |