(Closed) How Do Unmarried Bee's Split Expenses?

posted 6 years ago in Relationships
Post # 3
Member
429 posts
Helper bee
  • Wedding: October 2013

With ours, we split rent and utilities 50/50. Our furniture bills are in both our names. He picks up the phone bill, and I give him some money for that. He pays on our credit card and to even it up, I put a similar amount into savings account in both our names every month. I have one more card that I use solely for my gas back and forth to work, and I pay that. 

I make a little bit more than him monthly, but it fluctuates some because he’s a waiter and it depends on how generous people feel. 

Post # 5
Member
9139 posts
Buzzing Beekeeper
  • Wedding: November 2013 - St. Augustine Beach, FL

We don’t split 50/50 because I make significantly more than he does and I just don’t think it’s fair for him to end up with only a little spending money after paying bills.  We split our bills by the percentage that we each make.

What it means is that we tally up our monthly bills such as rent and utilities (let’s say $1000 to make it an easy number to work with.)  Then we calculate what each of us makes each month (let’s say I make $2000 a month and he makes $800 a month.)  That would mean our household income is $2800 but my percentage is roughly 71% and his is 29% of the household income (each person’s monthly income divided by the household income equals the percentage.)  That means he would contribute $290 to our joint account for bills and I would contribute $710; this money is used to pay the monthly bills.  The leftover money is kept in our separate accounts and used for our personal expenses (car payment for me, cell phone payment for him, etc…)

Post # 6
Member
383 posts
Helper bee
  • Wedding: November 2013

My Fiance makes twice as much as me, we split the mortgage but he pays the utilities and puts alot more than I into our savings.

Post # 7
Member
1161 posts
Bumble bee
  • Wedding: March 2014

@beachbride1216:  This is a great breakdown! Thank you, I always wondered about that. 

Post # 8
Member
36 posts
Newbee
  • Wedding: February 2013

My Fiance and I had a LOT of discussion around this when we joined fiances. He makes more than 4x what I make… We put both of our entire paychecks into one joint account. All joint expenses come out of that account, including gas money, groceries, bills, wedding expenses, dates out, bills, student loans, EVERYTHING. We each have our own credit card that we set to a $500 limit. Each month we each have our $500 personal spending money that we can use for whatever we’d like. I use mine a lot for coffees, shopping, nails, tanning etc. In the beginning we had a big discussion about what was considered “personal” spending and what came from the joint fund. For example: I negotiated to have my hair cuts and colors come from the joint account etc.from the joint account we have a linked savings acount to save for our down payment on our home. Just a side note: my fiance and I didn’t make this financial commitment to each other until we had made the commitment to marry each other. Breaking up and splitting finances would be impossible…. like a divorce. 

 

I’d be happy to answer any questions you might have!

Post # 9
Member
533 posts
Busy bee

We were earning about the same for a few months after he moved in. Since then I’ve had two significant promotions this year. We split rent and bills. Sometimes I’ve paid for a bill without a worrying about his half. It’s our money. Doesn’t really matter where it comes from. 

 

Post # 10
Member
3552 posts
Sugar bee
  • Wedding: August 2014

I make slightly more than he does by about $200-300 a month. We just alternate who pays. If it’s your month to pay rent the other pays the utilities and internet and buys groceries. though we’re really bad at remembering who paid groceries last so i’m not sure how even it ends up. It’s not like we really care though. We only need one of our incomes to make ends meet so we’re saving almost one of our paychecks a month, at least I am he’s not as good at saving even though he’s the accountant. We did just buy a car to replace his 23 year old car though so that’s going to change our finances.

Post # 11
Member
549 posts
Busy bee
  • Wedding: May 2013

We split rent but for the rest, we put into our joint account and pay them with that. I would hazard to guess that I pay slightly more bc I make more.

Post # 12
Member
39 posts
Newbee

We recently opened up a joint checking account. We both use mint.com and determined what our expenses expenses were, which were our own and which were shared. We determined that we spend about $1800 a month on joint essentials like HOA fees, groceries, gas electrical, internet plus a little bit for entertainment. So we use the joint account for only that. Everything else is a personal expense that that person is responsible for. I think this works especially if you aren’t married because if anything were to go wrong (heaven forbid) splitting up the account would be easier rather than doing it percentage wise. Plus your significant other doesn’t have to worry about your expenses, like for me my student loans, and they aren’t monitoring your spending on other stuff for instance how espensive my hair appt’s are.

I would recommend the joint account but until you are married contribute to it equally. You can talk about what you are guys are going to pay for together vs seperately that way if he wants to take on more of the responsiblity he can it just wont be taken from the joint account. Good luck!

Post # 13
Member
1089 posts
Bumble bee
  • Wedding: May 2013

We are saving for a home….we take my entire paycheck and put it into savings than split his paycheck right down the middle, I get half, he gets half, and we each pay for half of the expenses from our distributed halves…whatever is left over we can each spend on whatever we want, this way if he wants to buy some big ridiculous toy for himself he will just save from whatever is leftover and I could care less!

Post # 14
Member
192 posts
Blushing bee
  • Wedding: May 2015

We have a joint account. We share everything so our money goes into the joint account and we just pay for everything out of that, what is left over we put into an account that needs both of us to sign so we can save.

Post # 15
Member
1292 posts
Bumble bee
  • Wedding: January 2013

Don’t feel guilty! My fiancé supports me 🙂 if he makes more it makes sense he should contribute more.

Post # 16
Member
2447 posts
Buzzing bee
  • Wedding: September 2013

My Fiance pays for almost everything and it’s been like this since we first met and started living together. Don’t get me wrong, I have a job and I pay my phone/car insurance and get groceries on occasion, but he takes care of everything else. It’s very traditional (although we like to think of ourselves as very liberal) but it works for us. I secretly think it makes him feel like more of a man because he takes care of that stuff. One thing we don’t do is have joint accounts, even after we’re married. I just don’t feel like it’s necessary.

The topic ‘How Do Unmarried Bee's Split Expenses?’ is closed to new replies.

Find Amazing Vendors