Money Moral Dilemma: How should we split the bills in our house?
Former_MSE_Nick
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This week's MoneySaver who wants advice asks...
Unfortunately the MSE team can't always answer money moral dilemma questions as contributions are often emailed in or suggested in person. They are intended to be enjoyed as a point of debate and discussed at face value.
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I bought a house with my sister and her husband - they own 50% between them and I own the other half. What's the fairest way to split the bills?
Unfortunately the MSE team can't always answer money moral dilemma questions as contributions are often emailed in or suggested in person. They are intended to be enjoyed as a point of debate and discussed at face value.
If you haven’t already, join the forum to reply!
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Comments
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Um, how about splitting the bills three ways? Doesn't matter who owns what, you all should contribute the same unless one of you uses disproportionately more than anyone else.0
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General utility bills go three ways. Any repairs etc to actual house and house insurance bills split between two...0
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3 ways as utility bills would be higher than if it was just 2 sharing so everyone should pay their fair share0
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As others have said previously split the bills 3 ways.
When me and my husband bought our house we decided on splitting the mortgage, bills and other bits and bobs 50-50 and carried it on for holidays and food, its just makes it so much easier0 -
When me and my husband bought our house we decided on splitting the mortgage, bills and other bits and bobs 50-50 and carried it on for holidays and food, its just makes it so much easier
Personally find it easier to not bother splitting bills when you're married.
I'll share my life with you, but not my money.0 -
No, of course not.
*reads the question*
Wow, the Money Moral Dilemma is actually a sensible question this week.
Split it three ways. Technically as you own 50% but only get to live in 33%, they benefit disproportionately to their share. However, if you split the maintenance and upkeep bills equally, you benefit disproportionately. Swings and roundabouts, and it's not worth causing a scene over.
And I hope for God's sake that all of you are saving up so that you can buy the other half out when one or two of you moves out for whatever reason.0 -
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But it's not just a married couple in this 'dilemma':Personally find it easier to not bother splitting bills when you're married.I bought a house with my sister and her husband - they own 50% between them and I own the other half. What's the fairest way to split the bills?0 -
Not enough info to answer this. Are you all living in the house? Is this an investment property? What bills?0
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Bills split 3 ways - i.e. they pay 2/3 between them, you pay 1/3.
Mortgage and Buildings Insurance 50/50 reflecting your respecitve insterests in the house.
And if you don't already have one, get advice with a view to having a formal deed drawnup clearly setting out who owns what, who pays what, and what happens when one of you wants to sell or leave.All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)0
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