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Lolerskates84
Super August 2016

Splitting Finances as a Married Couple

Lolerskates84, on September 15, 2016 at 1:22 PM

Posted in Married Life 51

How do you split bills as a married couple? We've always split things down the middle - I pay the bills he pays rent and I take half of the bills out of my portion of rent. That seems weird to do as a married couple, doesn't it? This came up bc I'm being added onto his medical benefits at work. It...

How do you split bills as a married couple? We've always split things down the middle - I pay the bills he pays rent and I take half of the bills out of my portion of rent. That seems weird to do as a married couple, doesn't it?

This came up bc I'm being added onto his medical benefits at work. It jumps from $50 to $150 per pay period for a family plan. He wants me to pay the $100 since he originally was paying $50 and I am paying $105 on my plan. Doesn't seem fair to me (?) also seems like an odd thing to split that?

51 Comments

  • Panda Bear
    Expert March 2018
    Panda Bear ·
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    We opened a joint checking account specifically for wedding expenses, but everything else is separate and he pays slightly more. After the wedding, we plan to use the joint account as our main account. Paychecks will be directly deposited into the joint account. We will each transfer a certain amount into our individual accounts. I like the idea of having my own personal money without having to split bills, and I think this way will work well.

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  • OGMary
    VIP October 2016
    OGMary ·
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    We have a joint account that we put a certain amount into monthly. It covers all of our joint expenses like rent and groceries. No advice on the medical part though. I know some couples base it on whoever gets paid more, so percentage contribution in essence.

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  • T
    Dedicated August 2016
    Tisgr8ness ·
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    If some sort of split is desired, I would advise you don't do his/hers or 50/50. Keep the debt you came in with, but calc the split based on % of income, so neither one of you are overburdened financially. If together you net $50k, you net $30k and he makes $20k, then do a 60%/40% split. As your respective incomes change, so should the split.

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  • Katherine
    VIP June 2017
    Katherine ·
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    FH and I aren't married or living together. Our situation is also interesting in that he's established in his career and I'll just be starting out. Most of my income will be going to my six figure student loans, in an effort to pay them all down as quickly as possible. So, our plan for now is to open a joint account to deposit bill money in. Once I'm able to contribute more, we might have to change it up.

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  • Chip
    Master March 2018
    Chip ·
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    Right now everything is split because we don't live together.

    Once we are married, all income goes into a joint checking and gets distributed from there (bills, savings, personal allowances)

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  • JillR
    VIP September 2016
    JillR ·
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    We have separate accounts and are keeping it that way. His ex and him fought about money all the time and he doesn't want a repeat.

    We split the mortgage 50/50. I pay utilities, he buys groceries and pays when we go out to eat or do anything fun. We take care of our cars, credit cards, etc individually.

    We have a joint savings for house repairs, vacations, Christmas presents, or whatever. We each put a minimum of $50/month in it, and add to it anytime we get a bonus or any unexpected cash.

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  • JonesPartyof2
    Devoted April 2016
    JonesPartyof2 ·
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    We opened a joint account when we moved in together 2 years ago but we both still have our individual accounts as well. DH pays the mortgage (he set up an automatic payment when he bought the place so it's really just out of convenience at this point), I pay for cable/internet, our HOA fee and electric come out of joint. But honestly we've pretty much considered everything joint since we moved in together. It's just a matter of going to the bank and being officially added to each other's accounts at this point.

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  • mrs.ford
    VIP August 2016
    mrs.ford ·
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    H makes a lot more than me but he pays the bigger things. He pays our mortgage, both cars, and insurance. I pay our phones, cable, my student loan, electricity and water. It's still our money though. He is on my account I just haven't had the time to go to his. If I ever do need money H will just write me check to deposit into our joint acct at my credit union.

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  • Sarah
    Super April 2017
    Sarah ·
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    We're not married yet. But we have a joint checking and savings. He makes more money than I do. But I handle all of the bills. It works.

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  • [anonymous]
    Master October 2017
    [anonymous] ·
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    We joined accounts when we got engaged. No more his and mine, it's ours. It works for us, but I know other couples are different. Your system seems odd to me since it's still divided.

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  • Melissa847
    Super September 2016
    Melissa847 ·
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    We currently each have our own accounts and split everything down the middle. After marriage our plan is to get a joint account and deposit most of our paychecks into that and take maybe $100 or so a paycheck and put it into our own accounts for fun money. We also already discussed insurance since my plan renews 6 days after the wedding and its cheaper for us to both keep our single coverage at our jobs.

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