Sharing the bills

fabforty

We do pretty much the same as OP. The only difference is that as I earn more than OH, plus the fact that he has child support to pay, I pay more (60/40 split). When OH was out of work, I covered the bills and when either of us have been short of funds, the other has helped out. It works for us.

seafarers_wife

we have one pot where the money goes into. there is no mine and his money as it wouldnt be fair. he earns 2.5 times what i do, soon to hopefully be 3.5 times what i earn so there is no way we could split the bills. i would be left with £0 or thereabouts a month and he would be left with almost 2K so it wouldnt be fair. yes i do owe more money than he does on my loan, overdraft and a credit card, and he only has a car loan but thats not the point, we are a team and if he couldnt cope with sharing finances then i wouldnt be agreeing to marry him or live with him or have anything to do with him.

kavics17

We share everything half and half. Write a spending diary every month and at the end of the month whoever paid more will get half of that from the other one. Bills and rent goes out from my bank account, and I pay for food as well by credit card just because we are collecting airmiles but he has a direct debit stand up on my account of £500 for each month for his share. If we spent more than a £1000 per month than we split the difference.

I earn more than him, but it wasn't always like this, we saved up the money on joint and separete saving accounts and invested in our family house. We needed to take out £30k loan because of the house which is all on my name but OH pays half of it. At the moment all the leftover from my salary goes towards the loan while he builds up a saving account for emergency situations and pays for all the holidays. We are not married but own an additional investment property on my name (but he paid half of it) so I'm covered we split up or he doesn't pay. Planning to put his name on investment property as soon as we paid back the loan.

looktothefuture

I pay for every household bill - CT, electric, gas, contents insurance, water, sky, telephone, groceries and 1/2 the rent. OH pays for his 1/2 of the rent and his childrens' maintainence! It's his sister's house, and he's named on the mortgage (we actually pay the mortgage each month) but the agreement on the rental agreement is that since I pay for all the bills etc, should we split up I remain in the house and OH has to leave.

I earn 3 x as much as the OH, so I think it's fair that I pay the most - I do keep a very close eye on the bills though!

Alizarin

We have our own accounts that our salaries are paid into with standing orders set up to transfer money from both of us into the joint account. All our bills then come out of the joint account.

I pay more towards our rent and bills than OH as I earn 2.5x more than him and am much better at budgeting! (He only moved out of his parents house 4 months ago to live with me, whereas I'd been living on my own for 4 years so much more used to sticking to a budget - I'm currently training him!)

lindens

Pee wrote: »

To be honest, I think that is the best way of doing it, although if one person is earning twice as much as the other, I am not sure that is really fair, esp if the one earning less is doing more around the house. If that works for you it seems like the best and easiest way to avoid problems although consider whether this will change if you get married and if you have children.

Our children are grown up so there's just us but we dont earn the same. So we split the bills based on the proportion of our income, in our case 60/40.then we have a savings a/c for household stuff (like new carpets etc)that we both save into then the rest is ours to spend on what we like

Tish_P

At the moment it's I pay the mortgage and he pays the bills (which add up to about the same as the mortgage). It's interesting to see the variety of methods that other couples use!

VK-2008

me and hubby pay both our wages into same account put money aside for bills and then spend rest together.

i prefer having joint accounts but i know a lot of couples who would not share. each to their own

but personally i think if we are marriedwe should share everything not just bits of it
we share the debt and the savings.

Teenie_D

Wow I'm quite surprised at the amount of people who have "my money" and "their money"! Our wages go into one account, a lump some goes into our bills account and what is left is ours. I earn a third of what my OH does so just wouldn't work any other way.

My friend and her DH have their own accounts and a certain amount goes into a joint account to pay for bills but she never seems to have any money and is always struggling to top up phone etc, whereas he smokes and goes out nearly every weekend, never seems right to me but hey that's their business

hngrymummy

We get our wages paid into the joint account, and all the bills come out of it. We both have individual accounts too which basically have 'pocket money' in. It works really well for us, as we've always seen it as 'our' money rather than my wages and his wages. DH was lovely and took on my debt when we married, and it's been paid off much quicker than I'd ever have been able to manage, which means less interest paid to Mr Bank Manager.

I had a friend who counted pennies with her DH, and how much each of them paid for things (including their honeymoon). Not my cup of tea, but each to their own.