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How do you split the rent?

2

Comments

  • xsinaftersinx
    xsinaftersinx Posts: 46 Forumite
    Seventh Anniversary 10 Posts Combo Breaker
    We didn't even discuss it, all our money goes into a joint account that all the bills are paid from and then whatever is left is for both of us. We don't have individual money, we share it all (I earn more than 10 times her salary and I'm more than happy to do this) we chose to have a life together it just happens that my profession is well paid and hers is less so but it's worth no less to me!
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    If one earns significantly more but the bills are split 50/50 then how does the lower earner afford to eat out, entertainment and holidays? Doesn't the higher earner just end up paying for these things anyway?
  • Guest101
    Guest101 Posts: 15,764 Forumite
    Pixie5740 wrote: »
    If one earns significantly more but the bills are split 50/50 then how does the lower earner afford to eat out, entertainment and holidays? Doesn't the higher earner just end up paying for these things anyway?


    Exactly.


    I don't understand this whole 'financial independence' thing.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Pixie5740 wrote: »
    If one earns significantly more but the bills are split 50/50 then how does the lower earner afford to eat out, entertainment and holidays? Doesn't the higher earner just end up paying for these things anyway?

    Either that or all the joint expenditure has to be limited to what the lower earner can afford - which leaves the higher earner wondering what to do with all their spare cash.

    Anyway, in answer to the question when I've been in that situation we've split according to relative salaries.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    The higher earner could build a money room like Scrooge McDuck and go swimming in all that spare cash I suppose.
  • squinz
    squinz Posts: 63 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    50/50 for us too. We don't earn the same but always the way we've done it.
  • Laura2510
    Laura2510 Posts: 14 Forumite
    Part of the Furniture Combo Breaker
    edited 14 December 2015 at 6:37PM
    Interesting answers everyone!

    To clarify, what I meant by financial independence was that you currently operate separately from each other financially. So you don't, for example, own a car or house/flat together, or have a joint bank account etc.
    Guest101 wrote: »
    (Assuming unmarried couples where you are financially independent of each other and don't have children etc)


    It would have to be 50/50, otherwise you aren't financially independent?
  • Innys1
    Innys1 Posts: 3,434 Forumite
    Laura2510 wrote: »
    Interesting answers everyone!

    To clarify, what I meant by financial independence was that you currently operate separately from each other financially. So you don't, for example, own a car or house/flat together, or have a joint bank account etc.

    If two parties rent a place together, let alone buy, they are financially connected.

    The only way they could live together in the same permanent place of residence without being financially connected is if one owned/rented it only in their name and the other was a "guest" which isn't really an equal arrangement.
  • GoldenShadow
    GoldenShadow Posts: 968 Forumite
    % weighted. Before and after the mortgage
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Having a joint tenancy with someone doesn't financially link people with the credit reference agencies. Having joint financial products such as a current account or joint mortgage does though.
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