How to split Rent costs with Partner

HappyMJ

DebtFreein5Months wrote: »

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

£200 is not much... A car generally costs 45p a mile to own and operate for 10,000 miles a year when ALL costs are taken into account. I was just assuming 5,000 miles per year which when multiplied by 45p equals about £200 a month. It could be closer to £375 a month if the full 10,000 miles are travelled. If you wanted to exclude the replacement cost of the vehicle and just concentrate purely on running costs then HMRC allows 25p a mile so that employees do not profit from it. 10,000 miles would then be £200 a month.

HappyMJ

DebtFreein5Months wrote: »

No property being purchased - this is about renting.

Future property purchases. Furniture purchases. Holidays?

DebtFreein5Months

DylanO wrote: »

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

Yes they are very (they admit it) and the higher earner doesn't want to get stuck in a trap of bailing them out when the higher earner has been burnt this way in past.

DebtFreein5Months

HappyMJ wrote: »

Future property purchases. Furniture purchases. Holidays?

I am guessing that these things would come out of the higher earners pot

euronorris

HappyMJ wrote: »

The £220 isn't part of your household income....so you would deduct that before making the calculation for proportional expenses like you do with tax and NI. You could do it after if you wish to. It's all up to you on what you want. A 50/50 split cannot work. The lower earning partner would always be skint and the higher earning partner would always have money.

Which ends up leading to resentment on both sides. The higher earner for never being able to do the more expensive things they want (unless they're paying in full) and the lower earner for having to struggle to get by whilst their supposed partner is living the high life.

DylanO

DebtFreein5Months wrote: »

Yes they are very (they admit it) and the higher earner doesn't want to get stuck in a trap of bailing them out when the higher earner has been burnt this way in past.

It sounds like the higher-earner attracts a certain type and should run for the bloody hills post haste.

HeadAboveWater

DebtFreein5Months wrote: »

... accidently...

I think you gotta direct that person to this website. They may learn a thing or 2

Hopefully sharing with the partner will make person 1 more money-wise. Person 1 has gotta learn to budget, not 'accidentally' spend, and make sure person 2 doesn't end up forking out for the both of them if they overspend.

JC9297

DylanO wrote: »

My parents' 20 odd year old marriage says different.

Were either of your parents on a much lower income than the other though, with one potentially not being able to afford the 'family' lifestyle the other would like e.g. holidays.

What about when your mother wasn't working after having children - unless she was one of these women who return to work within days (perhaps she had to in order to pay her way)?

DebtFreein5Months

HappyMJ wrote: »

£200 is not much... A car generally costs 45p a mile to own and operate for 10,000 miles a year when ALL costs are taken into account. I was just assuming 5,000 miles per year which when multiplied by 45p equals about £200 a month. It could be closer to £375 a month if the full 10,000 miles are travelled. If you wanted to exclude the replacement cost of the vehicle and just concentrate purely on running costs then HMRC allows 25p a mile so that employees do not profit from it. 10,000 miles would then be £200 a month.

Gosh yes! Eek! We have said that we would look for a place closer to the lower earners place of work to keep petrol costs down and there is even the possibility of them walking/cycling to work.

DebtFreein5Months

DylanO wrote: »

It sounds like the higher-earner attracts a certain type and should run for the bloody hills post haste.

Brilliant! That made me LOL!