Bankruptcy Advice needed

Original post way too long (sorry !) anyway both me and my husband will be declaring soon - me first - currently he gives me a set amount £600 towards bills etc and I pay everything - do I show this on my statement as "income" and then when he submits later he does the reverse and shows this as "rent/board' to balance it out. I do earn more than him - just want to make sure I get it right. Thanks for any help

Comments

  • fatbelly
    fatbelly Posts: 20,457 Forumite
    Name Dropper First Anniversary First Post Cashback Cashier
    I think you put your income and your share of the expenses

    He puts in his income and his share of the family expenses.

    If you earn 2 times him then you take 2/3 of the expenses

    If you earn £20000 and he earns £15000 then your share is 20/35.

    You'll need a calculator.
Meet your Ambassadors

Categories

  • All Categories
  • 343.1K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.2K Work, Benefits & Business
  • 607.9K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards