Share expenses with family

How can a few charges divided evenly if each earn different amounts?

Some couples put all their money together into a fund, which is jointly "our." But what if you do not want to do?

Some couples prefer to keep their money separate, even after they were married. They each chip together certain costs, such as mortgage or rent to pay.

The breakdown of costs for raw dollars, however - such as separation from the point of $ 100 in increments of $ 50 each - is not sustainable if both people have very different wages if the couple is actually $ 200,000 per year, while the other makes $ 20,000. one year can feel heavy, ask them to share the cost of the mortgage each partner.

What can be done?

(See also: Are you financially supported?)

How to separate accounts, but fair

If you are required to maintain separate books, try these tactics: Share your costs based on a percentage of their income.

For example, you could agree that each of you make a dent in 35% of their income on housing costs. The partner higher incomes pay more money (plain silver), during the marriage, who earn less, pay less money in the first place. But both partners pay the same percentage of their income.

Food, utilities, veterinary care and more - you can do this with all budgets.

(See also: Budgeting for Beginners)

What other options do we have?

Note that this advice applies to couples who want to keep separate accounts and both chip for common expenses. This is not the only strategy that can be used to "separate" to keep couples pools money.

Here are some other ways to keep the couple separated money:

Assignment - Each member gets a "subsidy". This can make the same amount of money (premium dollars) either, or can be proportional to their income. This allows each partner to your allowance on what they want to spend while keeping the majority of your money in a common fund. This is a very useful strategy, if one spouse is a shopaholic to be during the other tends to be cheaper.

Selection - Each partner supports some bills. A partner pay the mortgage, while the other pays for groceries and car insurance. If one partner earns more than the other, he or she can choose to pay the expensive bills.

Performance Bond - A focus on putting as much money as possible in the relationship partner, while the other, the lower deserve partner to reduce back on costs, as much as possible concentrated. So the member whose time is "worth more" to maximize income, while the lowest-paid partners can practice thrift and help the duo you save as much as possible. The partner to save money should pursue, how much he or she saved to keep each month and receive a "subsidy" or "bonus" based on this amount concentrated. After all, a penny saved is a penny earned.

Spouse wage -., If a partner is a full-time parent, while the other partner works outside the home, but both sides want a separate accounting income revenue partner may maintain to pay a "salary" of full-time mother, it seems, radically, I know, but I've had success stories of happy couples to keep separate accounts, even if one of the partners is focused on domestic work full-time as heard.

(See also: How to talk to make money with your spouse)