How to split Rent costs with Partner

HappyMJ

DebtFreein5Months wrote: »

Hiya, The 70/30 is roughly the 2.5 proportion (ish - maths was never my strong point), so if person 1 puts in £400, and person 2 puts in £1000, we could get our nice place leaving person 1 with £480 per month....

2 cars, 1 each, each person pays for their own.

And if a car costs lets say £200 a month then person A has £280 a month to spend and person B has £1,300 a month to spend. That is a huge difference.

[Deleted User]

How 'old' is the relationship btw?

DebtFreein5Months

BitterAndTwisted wrote: »

What's fair and equitable is whatever both parties agree is fair and equitable. There is no "right" answer.

However, I'd be having some qustions in my mind about how the higher earner saw the relationship long-term if they thought that a proportional contribution wasn't being absolutely fair to the other person. Otherwise why live together at all? Splitting everything 50 /50 to me sounds like flat-mates rather than a committed couple.

I think the proportion split is definitely fair, and I think one could live on £480 a month (purely spending money and car)

DebtFreein5Months

HappyMJ wrote: »

And if a car costs lets say £200 a month then person A has £280 a month to spend and person B has £1,300 a month to spend. That is a huge difference.

£200 a month! Crikey! It's not a Jaguar it's a ford lol

HappyMJ

DebtFreein5Months wrote: »

Should the higher earning person give the other person money?
And this assumes that the £1500 would be spent whereas I think most of it would be put into a savings account

With no children then no...if the lower earning partner wants pocket money then they can go work. However, a partner who stays at home looking after children needs money.

Savings account for who? Who owns the property purchased with these savings?

HeadAboveWater

DebtFreein5Months wrote: »

Hiya, The 70/30 is roughly the 2.5 proportion (ish - maths was never my strong point), so if person 1 puts in £400, and person 2 puts in £1000, we could get our nice place leaving person 1 with £480 per month....

ish

if £480 is enough for person 1 to survive on per month, and the 70/30 (ISH!) is agreeable, go for it.

DebtFreein5Months wrote: »

2 cars, 1 each, each person pays for their own.

perfect! no arguments!! lol

DebtFreein5Months

ringo_24601 wrote: »

How 'old' is the relationship btw?

16 months. We haven't shacked up before because 1 person (the lower earner) gets paid and accidently spends it on clothes/tatoos/etc rather than pay off debts.

DylanO

DebtFreein5Months wrote: »

16 months. We haven't shacked up before because 1 person (the lower earner) gets paid and accidently spends it on clothes/tatoos/etc rather than pay off debts.

So the lower-earner is financially irresponsible and now wants the higher-earner to subsidise their irresponsibility. That's worrying.

DebtFreein5Months

HappyMJ wrote: »

With no children then no...if the lower earning partner wants pocket money then they can go work. However, a partner who stays at home looking after children needs money.

Savings account for who? Who owns the property purchased with these savings?

No property being purchased - this is about renting.

[Deleted User]

DebtFreein5Months wrote: »

16 months. We haven't shacked up before because 1 person (the lower earner) gets paid and accidently spends it on clothes/tatoos/etc rather than pay off debts.

And you're sure you should shack up now because...?

Forget my advice about giving the lower earner £25 then